Question
Use the following data to prepare the 2014 retained earnings reconciliation for Bamber Company. Total retained earnings, December 31, 2013 $347,000 Stock dividends declared and
Use the following data to prepare the 2014 retained earnings reconciliation for Bamber Company.
Total retained earnings, December 31, 2013 | $347,000 |
Stock dividends declared and paid in 2014 | 28,000 |
Cash dividends declared and paid in 2014 | 35,000 |
Net income for 2014 | 94,000 |
Hint: Do not use negative signs with your answers.
BAMBER COMPANY Statement of Retained Earnings For the Year Ended December 31, 2014 | ||
Retained earnings, December 31, 2013 |
| $ Answer |
Add: |
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Answer Cash dividends declaredStock dividends declaredNet income |
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Less: |
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Cash dividends declared | $ Answer |
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Answer Stock dividends declaredCash dividends declaredNet income | Answer
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Retained earnings, December 31, 2014 |
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