The following information has been taken from the ledger accounts of Isaac Stern Corporation. Total income since

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The following information has been taken from the ledger accounts of Isaac Stern Corporation.

Total income since incorporation ..... $317,000

Total cash dividends paid ........ 60,000

Total value of stock dividends distributed . 30,000

Gains on treasury stock transactions ..... 18,000

Unamortized discount on bonds payable ... 32,000

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Determine the current balance of retained earnings.

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Intermediate Accounting principles and analysis

ISBN: 978-0471737933

2nd Edition

Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso

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Question Posted: May 16, 2012 07:13 AM

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The following information has been taken from the ledger accounts of Isaac Stern Corporation. Total income since

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Intermediate Accounting principles and analysis

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