Noric Cruises Inc. reported the following results for the year ended October 31: Retained earnings, October 1

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Noric Cruises Inc. reported the following results for the year ended October 31:


      Retained earnings, October 1                  $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 month ended October 31.

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Financial And Managerial Accounting

ISBN: 9781337119207

14th Edition

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

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