(a)
Retained earnings: It refers to the amount of earnings that are not paid as dividends to the stockholders rather kept by the corporation for reinvestments, payment of debts, and future growth.
Stockholders’ Equity Section: It is refers to the section of the balance sheet that shows the available balance stockholders’ equity as on reported date at the end of the financial year.
To reproduce: the
(b)
To prepare: A retained earnings statement of Corporation S for 2015.
(c)
To Prepare: The stockholders’ equity section of balance sheet for Corporation S as at December 31, 2015.
(c)
To compute: The allocation of the cash dividends to preferred stock and common stock.
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