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The balances of the shareholders' equity of an entity at December 31, 20x2 are as follows: Common shares, 1,000,000 shares issued $3,980,580 Retained earnings $794,380
The balances of the shareholders' equity of an entity at December 31, 20x2 are as follows: Common shares, 1,000,000 shares issued $3,980,580 Retained earnings $794,380 The net income for the year was $149,706 and dividends declared were $23,806. What is the balance in retained earnings at December 31, 20x3?
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Lessons Learned On The Audit Trail
Authors: Richard F.Chambers, CIA, QIAL, CGAP, CCSA, CRMA
1st Edition
