Rockwell Inc. reported the following results for the year ended June 30, 2016: Retained earnings, July 1,
Question:
Retained earnings, July 1, 2015 .............................. $3,900,000
Net income ......................................................... 714,000
Cash dividends declared .......................................... 100,000
Stock dividends declared .......................................... 50,000
Prepare a retained earnings statement for the fiscal year ended June 30, 2016?
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Related Book For
Corporate Financial Accounting
ISBN: 978-1285868783
13th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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