Question
Retained earnings (Jan. 1) 675,000 Net income 1,400,000 Cash dividend (75,000) Retained earnings (Dec. 31) 1,392,500 Using the information above, prepare a retained earnings statement
Retained earnings (Jan. 1) 675,000
Net income 1,400,000
Cash dividend (75,000)
Retained earnings (Dec. 31) 1,392,500
Using the information above, prepare a retained earnings statement for the year ended December 31, 2014. Assume an error was discovered: land costing $80,000 (net of tax) was charged to maintenance and repairs expense in 2011.
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A Knowledge Audit Of A Private Higher Education Institution Enhancing Organisational Performance Through Effective Knowledge Management
Authors: Ushe Makambe
1st Edition
365951960X, 978-3659519604
