Retained earnings, January 1, 2022 $312,000, Net Income $449,400, Dividends declared common shareholders $80,000, Dividends declared preferred shareholders (and paid) $50,000. Create a statement of Stockholders’ Equity. What is ending retained earnings?
Retained earnings, January 1, 2022 $312,000, Net Income $449,400, Dividends declared common shareholders $80,000, Dividends declared preferred shareholders (and paid) $50,000.
Create a statement of
I can't remember which financial accounting statement the dividends for preferred shareholders shows up on. I know dividends show up on the retained earnings statement. Does this include preferred dividends, or do they show up somewhere special? If they appear on the retained earnings statement, would I list two transactions (one for common stock dividends and one for
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