Question

The following information has been taken from the ledger accounts of Isaac Stern Corporation.
Total income since incorporation ..... $317,000
Total cash dividends paid ........ 60,000
Total value of stock dividends distributed . 30,000
Gains on treasury stock transactions ..... 18,000
Unamortized discount on bonds payable ... 32,000

Instructions
Determine the current balance of retained earnings.



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  • CreatedMay 16, 2012
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