Question

Noric Cruises Inc. reported the following results for the year ended October 31, 2014:
Retained earnings, November 1, 2013. $12,400,000
Net income ............. 2,350,000
Cash dividends declared ....... 175,000
Stock dividends declared ...... 300,000
Prepare a retained earnings statement for the fiscal year ended October 31, 2014.



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  • CreatedFebruary 28, 2014
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