The change in retained earnings from the beginning of the year to the end of the...

 

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The change in retained earnings from the beginning of the year to the end of the year is the result of net earnings minus dividends for the year. These changes are part of the information presented on the statement of changes in equity. Calculate the missing amounts in the reconciliation of retained earnings in each of the following independent situations: (Enter loss using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945).) tA $ A 29,000 (1) B $347,000 410,000 $2,428,000 (2) D $52 18 The change in retained earnings from the beginning of the year to the end of the year is the result of net earnings minus dividends for the year. These changes are part of the information presented on the statement of changes in equity. Calculate the missing amounts in the reconciliation of retained earnings in each of the following independent situations: (Enter loss using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945).) tA $ A 29,000 (1) B $347,000 410,000 $2,428,000 (2) D $52 18

Answer rating: 100% (QA)

SOLUTION Here are the calculations for each of the independent situations A Beginning retained earnings 347000 Ending retained earnings 2428000 Net ea... View the full answer