Use the following data to prepare a statement of retained earnings for Barney Corporation. Total retained earnings originally reported at January 1 $400,000 Cash dividends declared during the year 80,000 Net income for the year 193,000 Stock dividend declared during the year 40,000 Note: Do not use negative signs with any of your answers. BARNEY CORPORATION Statement of Retained Earnings For the Year Ended December 31
Use the following data to prepare a statement of retained earnings for Barney Corporation. Total retained earnings originally reported at January 1 $400,000 Cash dividends declared during the year 80,000 Net income for the year 193,000 Stock dividend declared during the year 40,000 Note: Do not use negative signs with any of your answers. BARNEY CORPORATION Statement of Retained Earnings For the Year Ended December 31
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Statement of Retained Earnings
Use the following data to prepare a statement of retained earnings for Barney Corporation.
Total retained earnings originally reported at January 1 | $400,000 |
Cash dividends declared during the year | 80,000 |
Net income for the year | 193,000 |
Stock dividend declared during the year | 40,000 |
Note: Do not use negative signs with any of your answers.
BARNEY CORPORATION Statement of Retained Earnings For the Year Ended December 31 |
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