The income statement for the year ended December 31, 2012, the balance sheets for December 31, 2012
Question:
Technica, Inc. Statement of Retained Earnings
For the Year Ended December 31, 2012
Retained earnings balance (January 1, 2012) ....... $50,200
Plus: Net profits after taxes (for 2012) ........... 42,900
Less: Cash dividends (paid during 2012) .......... 20,000
Retained earnings balance (December 31, 2012)....... $73,100
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Principles Of Managerial Finance
ISBN: 978-0136119463
13th Edition
Authors: Lawrence J. Gitman, Chad J. Zutter
Question Posted: