Bravo Corporation, a manufacturer of industrial pumps, reports the following results for the year ending July 31,
Question:
Bravo Corporation, a manufacturer of industrial pumps, reports the following results for the year ending July 31, 2006:
Retained earnings, August 1, 2005 ........$2,213,400
Net income .................. 558,000
Cash dividends declared ............ 180,000
Stock dividends declared ............ 150,000
Prepare a retained earnings statement for the fiscal year ended July 31, 2006.
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Related Book For
Accounting
ISBN: 978-0324188004
21st Edition
Authors: Carl s. warren, James m. reeve, Philip e. fess
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