Question
The accountant for TI Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available: Retained
The accountant for TI Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available:
| Retained earnings balance at the beginning of the year | $ | 167,000 |
| Cash dividends declared for the year | 52,400 | |
| Net income for the year | 100,000 | |
What is the ending balance for retained earnings?
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Project Management Accounting Budgeting Tracking And Reporting Costs And Profitability
Authors: Kevin R. Callahan, Gary S. Stetz, Lynn M. Brooks
1st Edition
0470044691, 978-0470044698
