Bindra A.. reported retained earnings at December 31, 2024, of 310,000. Bindra had 200,000 shares outstanding at

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Bindra A.Ş. reported retained earnings at December 31, 2024, of ₺310,000. Bindra had 200,000 shares outstanding at the beginning of 2025.

The following transactions occurred during 2025.

1. A cash dividend of ₺0.50 per share was declared and paid.

2. A 5% share dividend was declared and distributed when the market price per share was ₺15 per share.

3. Net income was ₺285,000.

Instructions Prepare a retained earnings statement for 2025.

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Financial Accounting With International Financial Reporting Standards

ISBN: 9781119787051

5th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Question Posted: Apr 05, 2024 01:40 AM

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Bindra A.. reported retained earnings at December 31, 2024, of 310,000. Bindra had 200,000 shares outstanding at

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Financial Accounting With International Financial Reporting Standards

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