33. In 2019, Luscious Lemons reported net income of $16,335 thousand, retained earnings at the beginning of 2019 of $31,368 thousand, and dividends of $3,240 thousand. What is the amount of Luscious Lemons' retained earnings at the end of 2019?
33. In 2019, Luscious Lemons reported net income of $16,335 thousand, retained earnings at the beginning of 2019 of $31,368 thousand, and dividends of $3,240 thousand. What is the amount of Luscious Lemons' retained earnings at the end of 2019?
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 3MC: Prince Corporations accounts provided the following information at December 31, 2019: What should be...
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![33. In 2019, Luscious Lemons reported net income of $16,335 thousand, retained earnings at the beginning
of 2019 of $31,368 thousand, and dividends of $3,240 thousand.
What is the amount of Luscious Lemons' retained earnings at the end of 2019?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F66ecb00c-b439-47e9-bd51-9291e606d6a9%2F37861eba-a59e-4260-b265-d4cdc9e42fc5%2Fi5udy7a.jpeg&w=3840&q=75)
Transcribed Image Text:33. In 2019, Luscious Lemons reported net income of $16,335 thousand, retained earnings at the beginning
of 2019 of $31,368 thousand, and dividends of $3,240 thousand.
What is the amount of Luscious Lemons' retained earnings at the end of 2019?
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