Kincaid do Pant retained earnings balance in January 1 was 7,000. During the current year Kincaid earned 3500 in revenues and incurred 4100 in expenses. Kincaid declared and paid 2000 in dividend all in cash. After the closing entries are made Kincaid retained earnings balance in December 31 will be what?
Kincaid do Pant retained earnings balance in January 1 was 7,000. During the current year Kincaid earned 3500 in revenues and incurred 4100 in expenses. Kincaid declared and paid 2000 in dividend all in cash. After the closing entries are made Kincaid retained earnings balance in December 31 will be what?
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter22: Accounting For Changes And Errors.
Section: Chapter Questions
Problem 5RE: Bloom Company had beginning unadjusted retained earnings of 400,000 in the current year. At the...
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Kincaid do
Pant retained earnings balance in January 1 was 7,000. During the current year Kincaid earned 3500 in revenues and incurred 4100 in expenses. Kincaid declared and paid 2000 in dividend all in cash. After the closing entries are made Kincaid retained earnings balance in December 31 will be what?
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