Concord Corporation has retained earnings of $713,600 at January 1, 2025. Net income during 2025 was $1,675,300, and cash dividends declared and paid during 2025 totaled $78,500. Prepare a retained earnings statement for the year ended December 31, 2025. (List items that increase retained earnings first.) 7 : CONCORD CORPORATION Retained Earnings Statement $

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Concord Corporation has retained earnings of $713,600 at January 1, 2025. Net income during 2025 was $1,675,300, and cash
dividends declared and paid during 2025 totaled $78,500. Prepare a retained earnings statement for the year ended December 31,
2025. (List items that increase retained earnings first.)
:
CONCORD CORPORATION
Retained Earnings Statement
<
$
$
Transcribed Image Text:Concord Corporation has retained earnings of $713,600 at January 1, 2025. Net income during 2025 was $1,675,300, and cash dividends declared and paid during 2025 totaled $78,500. Prepare a retained earnings statement for the year ended December 31, 2025. (List items that increase retained earnings first.) : CONCORD CORPORATION Retained Earnings Statement < $ $
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