Question
The Winkel Company had Retained Earnings of $10,000 on 1/1/15. The only paid-in capital account existing was due to Common Stock issued. The company properly
The Winkel Company had Retained Earnings of $10,000 on 1/1/15. The only paid-in capital account existing was due to Common Stock issued. The company properly recorded these transactions in 2015:
1. 10% Stock dividend (Total Market Value of dividend $1,500, Par Value $1,000)
2. Sale of Treasury Stock for $4,000 above Cost
3. Net Income $3,800
Winkel 12/31/15 Retained Earnings is:
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Fundamentals of Cost Accounting
Authors: William Lanen, Shannon Anderson, Michael Maher
3rd Edition
9780078025525, 9780077517359, 77517350, 978-0077398194
