Ex 5. Calculate the retained earnings of a retail company considering the following financial information: 2021 Beginning retained earnings: Net income for the year: Dividends paid: 1,568,903 -379,097 25,700

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter1: Accounting And The Financial Statements
Section: Chapter Questions
Problem 53E: Exercise 1-53 Relationships Among the Financial Statements During 2019, Moore Corporation paid...
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Ex 5. Calculate the retained earnings of a retail company considering the following financial information:
2021
Beginning retained earnings:
Net income for the year:
1,568,903
-379,097
Dividends paid:
25,700
Transcribed Image Text:Ex 5. Calculate the retained earnings of a retail company considering the following financial information: 2021 Beginning retained earnings: Net income for the year: 1,568,903 -379,097 Dividends paid: 25,700
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