Noric Cruises Inc. reported the following results for the year ended October 31, 2014: Retained earnings, November 1, 2013.$12,400,000 Net income ............. 2,350,000 Cash dividends declared ....... 175,000 Stock dividends declared ...... 300,000 Prepare a retained earnings statement for the fiscal year ended October 31, 2014.
Chapter 11, Practice Exercises #14
Noric Cruises Inc. reported the following results for the year ended October 31, 2014:
Retained earnings, November 1, 2013.$12,400,000
Net income ............. 2,350,000
Cash dividends declared ....... 175,000
Stock dividends declared ...... 300,000
Prepare a retained earnings statement for the fiscal year ended October 31, 2014.
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Related Book For 
Corporate Financial Accounting
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
ISBN: 978-1133952411