Hornblower Cruises Ltd. reported the following results for the year ended October 31, 2015: Retained earnings, November
Question:
Retained earnings, November 1, 2014 ...................... $1,500,000
Net income ...................................................... 475,000
Cash dividends declared ....................................... 350,000
Prepare a statement of retained earnings for the fiscal year ended October 31, 2015.
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Related Book For
Accounting Volume 2
ISBN: 978-0176509743
2nd Canadian edition
Authors: James Reeve, Jonathan Duchac, Sheila Elworthy, Carl S. Warren
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