Use the data in Problem P11-35A to prepare the Filner Cosmetics statement of retained earnings for the
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Data in Problem P11-35A
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Dividends on common stock.$37,000 23,000 . 8,000 11,000 Prior-period adjustment debit to Retained Earnings..$ 4, s 4,000 28,000 2,000 Interest expense. Income tax expense (saving): Dividend reven Treasury stock, common Continuing operations Income from discontinued operations. Extraordinary loss (2,000 shares at cost) 71,000 567,000 (10,800) Loss on sale of plant assets Income from discontinued General expenscs. Sales revenue Retained earnings, beginning, operations 7,000 Preferred stock, 6%, $25 par, Selling expense Common stock, no par, 87,000 100,000 22,400 319,000 4,000 shares issued. Extraordinary loss Cost of goods sold. 22,000 shares authorized and issued 350,000
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Filner Cosmetics shareholders equity account for yearend December 31 20X8 Common St...View the full answer
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Financial Accounting
ISBN: 978-0135012840
7th edition
Authors: Walter T. Harrison, Charles T. Horngren
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