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Prepare a statement of retained earnings with correction of prior period PPP BE14.10 (LO4) AP Broadfoot Bakeries Inc. reported retained earnings of $394,000 on
Prepare a statement of retained earnings with correction of prior period PPP BE14.10 (LO4) AP Broadfoot Bakeries Inc. reported retained earnings of $394,000 on December 31, 2023. For the year ended December 31, 2024, the company had profit of $128,000, and it declared and paid dividends of $44,000. Assuming the company reports under ASPE, and referring to the data for Broadfoot Bakeries in BE14.9, prepare a statement of retained earnings. Determine missing amounts in shareholders' equity accounts. BE14.11 (LO 5) AP Video Peninsula Supply Corporation provided the following schedule detailing the changes in the shareholders' equity accounts during 2023 and ann natermine the missins d'mounts.
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