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what is the stock dividends, cash dividends, and retained earnings balance for decemver 31,2022? Splish Brothers Inc reported retained earnings at December 31,2021, of $304,000.
what is the stock dividends, cash dividends, and retained earnings balance for decemver 31,2022?
Splish Brothers Inc reported retained earnings at December 31,2021, of $304,000. Splish Brothers had 204,000 shares of common stock outstanding at the beginning of 2022 . The following transactions occurred during 2022. 1. A cash dividend of $0.35 per share was declared and paid. 2. A 6% stock dividend was declared and distributed when the market price per share was $18 per share. 3. Net income was $290,000. Compute the ending balance in retained earnings at the end of 2022. (List items that increase retained earnings first.) For the Year Ended December 31, 2022 Retained Earnings Balance, December 31, 2021 Net Income / (Loss) Stock Dividends Cash Dividends Retained Earnings Balance, December 31, 2022 Step by Step Solution
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