Corporate Financial Accounting
14th Edition
ISBN: 9781305653535
Author: Carl Warren, James M. Reeve, Jonathan Duchac
Publisher: Cengage Learning
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Chapter 4, Problem 4.8EX
Climate
| Retained Earnings | |||
| Dec. 31 | 160,000 | Jan. 1 (2018) Dec. 31 | 4,150,800 700,000 |
| Dividends | |||
| Mar. 31 June 30 Sept. 30 Dec. 31 | 40,000 40,000 40,000 40,000 |
Dec. 31 | 160,000 |
| Income Summary | |||
| Dec. 31 | 4,530,000 | Dec. 31 | 5,230,000 |
| 31 | 700,000 | ||
Prepare a retained earnings statement for the year.
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Chapter 4 Solutions
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