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Statement of Retained Earnings Use the following data to prepare a statement of retained earnings for Schauer Corporation. Total retained earnings originally reported as of
Statement of Retained Earnings
Use the following data to prepare a statement of retained earnings for Schauer Corporation.
| Total retained earnings originally reported as of January 1 | $624,600 |
| Stock dividends declared during the year | 50,400 |
| Cash dividends declared during the year | 63,000 |
| Net income for the year | 169,200 |
Note: Do not use negative signs with your answers.
| SCHAUER CORPORATION Statement of Retained Earnings For the Year Ended December 31 | |||
|---|---|---|---|
| AnswerRetained Earnings, January 1Net IncomeCash Dividends DeclaredRetained Earnings, December 31 | Answer | ||
| AnswerRetained Earnings, January 1Net IncomeCash Dividends DeclaredRetained Earnings, December 31 | Answer | ||
| AnswerRetained Earnings, January 1Net IncomeCash Dividends DeclaredRetained Earnings, December 31 | Answer | ||
| Stock Dividends Declared | Answer | Answer | |
| AnswerRetained Earnings, January 1Net IncomeCash Dividends DeclaredRetained Earnings, December 31 | Answer | ||
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The Process Auditing Techniques Guide
Authors: J. P. Russell
1st Edition
0873895959, 978-0873895958
