The following information for Kellman Inc. is available at the end of 2011. Required: Calculate the amount

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The following information for Kellman Inc. is available at the end of 2011.

Required:
Calculate the amount of dividends reported on the retained earnings statement for 2011.

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Cornerstones of Financial and Managerial Accounting

ISBN: 978-1111879044

2nd edition

Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen

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Question Posted: Sep 22, 2015 02:25 AM

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The following information for Kellman Inc. is available at the end of 2011. Required: Calculate the amount

Question:

$72,400 Common słock on 12/31/2010 $50,000 Total assels on 12/31/2010 Total assets on 12/31/2011 Total liabilities on 12/31/2010 78,500 Common stock on 12/31/201 50,000 14,300 2,100 9,800 Net income for 2011

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Cornerstones of Financial and Managerial Accounting

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