At the beginning of 2020, Pluto Company had retained earnings of $800,000. During the year Pluto...
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At the beginning of 2020, Pluto Company had retained earnings of $800,000. During the year Pluto reported net income of $200,000, declared a cash dividend of $120,000, and declared and issued a small stock dividend of 6,000 shares ($10 par value) when the fair value of the stock was $20 per share. The retained earnings balance at the end of 2020 is At the beginning of 2020, Pluto Company had retained earnings of $800,000. During the year Pluto reported net income of $200,000, declared a cash dividend of $120,000, and declared and issued a small stock dividend of 6,000 shares ($10 par value) when the fair value of the stock was $20 per share. The retained earnings balance at the end of 2020 is
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Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078111044
16th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
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