Below is information from the statement of retained earnings of Mrs. Bells Pastry, Inc. Dividends .....................$ 0
Question:
Below is information from the statement of retained earnings of Mrs. Bell’s Pastry, Inc.
Dividends .....................$ 0
Net income ................... ?
Retained earnings, January 31, 2011 ......... 159,490
Retained earnings, January 31, 2010 ......... 105,000
Prepare the statement of retained earnings for Mrs. Bell’s Pastry in good form. You will need to solve for the amount of net income. What are retained earnings? Why would the company’s board of directors decide not to pay any dividends to its owners?
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Step by Step Answer:
Retained earnings represent the equity of the stockholder...View the full answer
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John Kago
Am a processional practicing accountant with 5 years experience in practice, I also happens to have hands on experience in economic analysis and statistical research for 3 years. am well conversant with Accounting packages, sage, pastel, quick books, hansa world, etc, I have real work experience with Strata, and SPSS
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