Noric Cruises Inc. reported the following results for the year ended October 31, 2016: Retained earnings, November

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Noric Cruises Inc. reported the following results for the year ended October 31, 2016:
Retained earnings, November 1, 2015.................................$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, 2016.
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Financial Accounting

ISBN: 978-1305088436

14th edition

Authors: Carl S. Warren, Jim Reeve, Jonathan Duchac

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