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  • Retained Earning Statement (2020) Problem12

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    Anonn
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    This statement of retained earnings shows that the company began the year with $2,850,000 in retained earnings. It earned $2,380,000 in net income but declared stock and cash dividends totaling $1,840,000, leaving retained earnings at the end of the year of $3,390,000.

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    This statement of retained earnings shows that the company began the year with $2,850,000 in retained earnings. It earned $2,380,000 in net income but declared stock and cash dividends totaling $1,840,000, leaving retained earnings at the end of the year of $3,390,000.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    68 views1 page

    Retained Earning Statement (2020) Problem12

    Uploaded by

    Anonn
    This statement of retained earnings shows that the company began the year with $2,850,000 in retained earnings. It earned $2,380,000 in net income but declared stock and cash dividends totaling $1,840,000, leaving retained earnings at the end of the year of $3,390,000.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    of 1

    Required 2

    Statement of Retained Earnings


    Beginning Retained Earnings 2,850,000.00
    Net income\ 2,380,000.00
    Stock Dividends Declared (960,000)
    Cash Dividends Issuance (880,000)
    Retained Earnings, Dec.31,2020 3,390,000.00

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