Sesimic Inc. reported the following results for the year ended June 30, 20Y5: Retained earnings, July 1,

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Sesimic Inc. reported the following results for the year ended June 30, 20Y5:

Retained earnings, July 1, 20Y4 .... $1,700,000
Net income .......................................... 311,000
Cash dividends declared ...................... 44,000
Stock dividends declared ..................... 22,000

Prepare a retained earnings statement for the fiscal year ended June 30, 20Y5.

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Accounting

ISBN: 9781337902687

28th Edition

Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider

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Question Posted: Apr 09, 2021 01:51 PM

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Sesimic Inc. reported the following results for the year ended June 30, 20Y5: Retained earnings, July 1,

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We know that stocks dividends dont affect the retained earning But ...View the full answer

Accounting

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