This statement of retained earnings shows that the company began the year with $2,850,000 in retained earnings. It earned $2,380,000 in net income but declared stock and cash dividends totaling $1,840,000, leaving retained earnings at the end of the year of $3,390,000.
This statement of retained earnings shows that the company began the year with $2,850,000 in retained earnings. It earned $2,380,000 in net income but declared stock and cash dividends totaling $1,840,000, leaving retained earnings at the end of the year of $3,390,000.
This statement of retained earnings shows that the company began the year with $2,850,000 in retained earnings. It earned $2,380,000 in net income but declared stock and cash dividends totaling $1,840,000, leaving retained earnings at the end of the year of $3,390,000.
This statement of retained earnings shows that the company began the year with $2,850,000 in retained earnings. It earned $2,380,000 in net income but declared stock and cash dividends totaling $1,840,000, leaving retained earnings at the end of the year of $3,390,000.