Pressure Pumps Corporation, a manufacturer of industrial pumps, reports the following results for the year ended January 31, 20Y2: Retained earnings, February 1, 20Y1 $589,500 Net income 82,500 Cash dividends declared 14,900 Stock dividends declared 28,100 Prepare a retained earnings statement for the fiscal year ended January 31, 20Y2. Pressure Pumps CorporationRetained Earnings StatementFor the Year Ended January 31, 20Y2

Pressure Pumps Corporation, a manufacturer of industrial pumps, reports the following results for the year ended January 31, 20Y2: Retained earnings, February 1, 20Y1 $589,500 Net income 82,500 Cash dividends declared 14,900 Stock dividends declared 28,100 Prepare a retained earnings statement for the fiscal year ended January 31, 20Y2. Pressure Pumps CorporationRetained Earnings StatementFor the Year Ended January 31, 20Y2

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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