The following information has been taken from the

The following information has been taken from the ledger accounts of Sampras Corporation.
Total income since incorporation ...........$287,000
Total cash dividends paid ...............60,000
Total value of stock dividends distributed ........40,000
Gains on treasury stock transactions ...........18,000
Unamortized discount on bonds payable ..........32,000
Instructions
Determine the current balance of retained earnings.

Members

  • Access to 2 Million+ Textbook solutions
  • Ask any question from 24/7 available
    Tutors
$9.99
VIEW SOLUTION

OR

Non-Members

Get help from Accounting Tutors
Ask questions directly from Qualified Online Accounting Tutors .
Best for online homework assistance.