Supply, Inc., had $125,000 of retained earnings at the beginning of the year and a balance of
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Supply, Inc., had $125,000 of retained earnings at the beginning of the year and a balance of $150,000 at the end of the year. Net income for the year was $80,000. What caused the change in the retained earnings balance? Other than net income, how would any change in retained earnings be shown on the statement of cash flows?
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The declaration of dividends decreases Retained Earnings Cash ...View the full answer
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Related Book For
Financial Accounting: A Business Process Approach
ISBN: 978-0136115274
3rd edition
Authors: Jane L. Reimers
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