Working Papers, Chapters 1-17 for Warren/Reeve/Duchac's Accounting, 26th and Financial Accounting, 14th
26th Edition
ISBN: 9781305392373
Author: Carl Warren, Jim Reeve, Jonathan Duchac
Publisher: Cengage Learning
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Chapter 13, Problem 13.7APE
To determine
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.
To prepare: The retained statement for the fiscal year ended June 30, 2016.
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Retained Earnings Statement
Willow Wanderer Cameras Inc. reported the following results for the year ending October 31, 20Y9:
Retained earnings, November 1, 20Y8
$2,120,000
Net income
720,800
Cash dividends declared
61,000
Stock dividends declared
156,000
Prepare a retained earnings statement for the fiscal year ended October 31, 20Y9.
cash/net income/retained earning, oct 31 20y9/retained earnings, nov 1 20y8/accounts receivable/dividends declared/
Willow Wanderer Cameras Inc.
Retained Earnings Statement
For the Year Ended October 31, 20Y9
$
$
$
Retained Earnings Statement
Willow Wanderer Cameras Inc. reported the following results for the year ended October 31, 20Y9:
Retained earnings, November 1, 20Y8
$2,331,000
Net income
979,000
Cash dividends declared
85,000
Stock dividends declared
219,000
Prepare a retained earnings statement for the fiscal year ended October 31, 20Y9.
Willow Wanderer Cameras Inc.
Retained Earnings Statement
For the Year Ended October 31, 20Y9
%24
What is the retained earnings balance on January 1,2019 before restatement?
AL Company provided the following information for the year ended December 31, 2019
PROFIT
2,000,000
TOTAL ASSESTS
14,950,000
SHARE CAPITAL
5,600,000
SHARE PREMIUM
2,400,000
DIVIDENDS EARNED
1,200,000
PRIOR PERIOD ADJUSTMENT FOR 2018 OVER DEPRECIATION
500,000
The debt to equity ration is 30% at December 31,2019
Chapter 13 Solutions
Working Papers, Chapters 1-17 for Warren/Reeve/Duchac's Accounting, 26th and Financial Accounting, 14th
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