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Retained Earnings Statement *please answer dividends and change in retained earnings* Noric Cruises Inc. reported the following results for the month ended October 31: Retained
Retained Earnings Statement
*please answer dividends and change in retained earnings*
Noric Cruises Inc. reported the following results for the month ended October 31:
Retained Earnings, October 1 | $12,400,000 |
Net income | 2,350,000 |
Cash dividends declared | 175,000 |
Stock dividends declared | 300,000 |
Prepare a retained earnings statement for the month ended October 31.
Noric Cruises Inc. | ||
Retained Earnings Statement | ||
For the Month Ended October 31 | ||
Retained Earnings, October 1 | $ | |
Net Income | $ | |
Dividends | ||
Change in retained earnings | ||
Retained Earnings, October 31 | $ |
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