Emmy Leaders Inc. reported the following results for the year ending August 31, 2012: Retained earnings, September

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Emmy Leaders Inc. reported the following results for the year ending August 31, 2012:
Retained earnings, September 1, 2011 ....$740,000
Net income ...............145,000
Cash dividends declared ..........5,000
Stock dividends declared .........30,000
Prepare a retained earnings statement for the fiscal year ended August 31, 2012.

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Financial Accounting

ISBN: 978-1133952428

12th Edition

Authors: Warren, Reeve, Duchac

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