Retained Earnings Statement Sumter Pumps Corporation, a manufacturer of industrial pumps, reports the following results for the year ended December 31, 20Y3: Retained earnings, January 1, 20Y3 $485,300 Net income 53,400 Cash dividends declared 9,600 Stock dividends declared 18,200 Prepare a retained earnings statement for the year ended December 31, 20Y3. Sumter Pumps Corporation Retained Earnings Statement For the Year Ended December 31, 20Y3
Retained Earnings Statement Sumter Pumps Corporation, a manufacturer of industrial pumps, reports the following results for the year ended December 31, 20Y3: Retained earnings, January 1, 20Y3 $485,300 Net income 53,400 Cash dividends declared 9,600 Stock dividends declared 18,200 Prepare a retained earnings statement for the year ended December 31, 20Y3. Sumter Pumps Corporation Retained Earnings Statement For the Year Ended December 31, 20Y3
Corporate Financial Accounting
14th Edition
ISBN:9781305653535
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter12: Corporations: Organization, Stock Transactions, And Dividends
Section: Chapter Questions
Problem 12.7BE: Retained earnings statement Noric Cruises Inc. reported the following results for the year ended...
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Sumter Pumps Corporation, a manufacturer of industrial pumps, reports the following results for the year ended December 31, 20Y3:
Retained earnings, January 1, 20Y3 | $485,300 |
Net income | 53,400 |
Cash dividends declared | 9,600 |
Stock dividends declared | 18,200 |
Prepare a retained earnings statement for the year ended December 31, 20Y3.
Sumter Pumps Corporation |
Retained Earnings Statement |
For the Year Ended December 31, 20Y3 |
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