Custom Bundle: Accounting, Loose-leaf Version, 26th + Working Papers, Chapters 1-17, 26th Edition
26th Edition
ISBN: 9781305714731
Author: Warren/Reeve/Duchac
Publisher: Cengage
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Chapter 13, Problem 13.7APE
To determine
To prepare: The retained statement for the fiscal year ended June 30, 2016.
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Retained Earnings Statement
Willow Wanderer Cameras Inc. reported the following results for the year ending October 31, 20Y9:
Retained earnings, November 1, 20Y8
$2,120,000
Net income
720,800
Cash dividends declared
61,000
Stock dividends declared
156,000
Prepare a retained earnings statement for the fiscal year ended October 31, 20Y9.
cash/net income/retained earning, oct 31 20y9/retained earnings, nov 1 20y8/accounts receivable/dividends declared/
Willow Wanderer Cameras Inc.
Retained Earnings Statement
For the Year Ended October 31, 20Y9
$
$
$
Retained Earnings Statement
Willow Wanderer Cameras Inc. reported the following results for the year ended October 31, 20Y9:
Retained earnings, November 1, 20Y8
$2,331,000
Net income
979,000
Cash dividends declared
85,000
Stock dividends declared
219,000
Prepare a retained earnings statement for the fiscal year ended October 31, 20Y9.
Willow Wanderer Cameras Inc.
Retained Earnings Statement
For the Year Ended October 31, 20Y9
%24
Chapter 13 Solutions
Custom Bundle: Accounting, Loose-leaf Version, 26th + Working Papers, Chapters 1-17, 26th Edition
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- Statement of Retained Earnings for Brunswick Corporation Brunswick Corporation reported the following amounts in various statements included in its Form 10-K for the year ended December 31, 2013. (All amounts are stated in millions of dollars.) Required Prepare a statement of retained earnings for Brunswick Corporation for the year ended December 31, 2013. Brunswick does not actually present a statement of retained earnings in its annual report. Instead, it presents a broader statement of shareholders equity. Describe the information that would be included on this statement that is not included on a statement of retained earnings.arrow_forwardNet Income and Comprehensive Income At the beginning of 2019, JR Companys shareholders equity was as follows: During 2019, the following events and transactions occurred: 1. JR recognized sales revenues of 108,000. It incurred cost of goods sold of 62,000 and operating expenses of 12,000, 2. JR issued 1,000 shares of its 5 par common stock for 14 per share. 3. JR invested 30,000 in available-for-sale securities. At the end of the year, the securities had a fair value of 35,000. 4. JR paid dividends of 6,000. The income tax rate on all items of income is 30%. Required: 1. Prepare a 2019 income statement for JR which includes net income and comprehensive income ignore earnings per share). 2. For 2016 prepare a separate (a) income statement (ignore earnings per share) and (b) statement of comprehensive income.arrow_forwardEarnings per share Financial statement data for the years ended December 31 for Black Bull Inc. follows: 2016 2015 Net income 2,485,700 1,538,000 Preferred dividends 50,000 50,000 Average number of common shares outstanding 115,000 shares 80,000 shares a. Determine the earnings per share for 2016 and 2015. b. Does the change in the earnings per share from 2015 to 2016 indicate a favorable or an unfavorable trend?arrow_forward
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