Question: The table below presents the retained earnings statements for Dillsboro Corporation for 3 successive years. Certain numbers are missing. Required: Use your understanding of the
The table below presents the retained earnings statements for Dillsboro Corporation for 3 successive years. Certain numbers are missing.
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Required:
Use your understanding of the relationship between successive retained earnings statements to calculate the missing values (a-g).
2019 2018 2020 Retained earnings, beginning Add: Net income $ (a) 11,100 $ 26,900 (7,400) $19,500 $26,700 (c) S (d) 9,500 Less: Dividends Retained earnings, ending (5,200) S (e) (g) $34,100 S (b)
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a 26900 11100 15800 b Retained Earnings Ending 2018 Retai... View full answer
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