For the year ending December 31, 2010, Kerns Inc. reports net income $140,000 and dividends $85,000. Prepare

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For the year ending December 31, 2010, Kerns Inc. reports net income $140,000 and dividends $85,000. Prepare the retained earnings statement for the year assuming the balance in retained earnings on January 1, 2010, was $220,000.

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Accounting Principles

ISBN: 978-0470533475

9th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Question Posted: Sep 13, 2011 08:57 AM

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For the year ending December 31, 2010, Kerns Inc. reports net income $140,000 and dividends $85,000. Prepare

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Accounting Principles

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