Rockwell Inc. reported the following results for the year ended June 30, 2014: Retained earnings, July 1,

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Rockwell Inc. reported the following results for the year ended June 30, 2014:

Retained earnings, July 1, 2013.......... $3,900,000

Net income .................714,000

Cash dividends declared............ 100,000

Stock dividends declared............ 50,000

Prepare a retained earnings statement for the fiscal year ended June 30, 2014.

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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 08:48 AM

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Rockwell Inc. reported the following results for the year ended June 30, 2014: Retained earnings, July 1,

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Corporate Financial Accounting

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