Question
Use the following equation and show how the Retained Earnings account has changed over the past two years. Retained earnings, beginning balance + Prior period
Use the following equation and show how the Retained Earnings account has changed over the past two years.
Retained earnings, beginning balance
+ Prior period adjustments
= Retained earnings, adjusted balance
+ Net Income
- Retirement of Treasury stock
- Dividends
= Retained earnings, ending balance
https://www.sec.gov/Archives/edgar/data/104169/000010416918000028/wmtform10-kx1312018.htm#sDEA3FCA046495FB18629174636D12377
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Financial Accounting
Authors: Jan Williams, Susan Haka, Mark S Bettner, Joseph V Carcello
17th edition
978-1259692390
