The change in retained earnings from the beginning of the year to the end of the year
Question:
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.
Required:
Calculate the missing amounts in the reconciliation of retained earnings in each of the following independent situations:
Transcribed Image Text:
Retained earnings, Dec. 31, 2015 Net earnings Dividends declared and paid Retained earnings, Dec. 31, 2016 $100,000 $420,000 S 3 $930,000 40,000 10,000 550,000 290,000 225,000 50,000 ?530,000 1,800,000 1,080,000
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Related Book For
Understanding Financial Accounting
ISBN: 978-1118849385
1st Canadian Edition
Authors: Christopher Burnley, Robert Hoskin, Maureen Fizzell, Donald
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