Question
The change in retained earnings from the beginning of the year to the end of the year is the result of net earnings minus
The change in retained earnings from the beginning of the year to the end of the year is the result of net earnings minus dividends for the year. These changes are part of the information presented on the statement of changes in equity. Calculate the missing amounts in the reconciliation of retained earnings in each of the following independent situations: (Enter loss using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945).) tA $ A 29,000 (1) B $347,000 410,000 $2,428,000 (2) D $52 18
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Understanding Financial Accounting
Authors: Christopher Burnley, Robert Hoskin, Maureen Fizzell, Donald
1st Canadian Edition
1118849388, 9781119048572, 978-1118849385
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