Financial information related to Infra-Systems Company for the month ended November 30, 2014, is as follows: Net

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Financial information related to Infra-Systems Company for the month ended November 30, 2014, is as follows:

Net income for November ...........$275,000

Dividends paid during November ........ 40,000

Retained earnings, November 1, 2014 ..... 400,000

a. Prepare a retained earnings statement for the month ended November 30, 2014.

b. Why is the retained earnings statement prepared before the November 30, 2014, balance sheet?

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Corporate Financial Accounting

ISBN: 978-1133952411

12th edition

Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac

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Question Posted: Feb 28, 2014 06:45 AM

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Financial information related to Infra-Systems Company for the month ended November 30, 2014, is as follows: Net

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Corporate Financial Accounting

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