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christianasiasi
Jul 13, 2008, 06:10 PM
The fellowing selected amounts are available for Sanders Company
Retained earnings beginning $1000
Net loss 100
Cash dividends declared 100
Stock dividends declared 50

What is its ending retained earnings balance?

how don't understand how to work this problem. can someone help me?
morgaine300
Jul 14, 2008, 12:10 AM
Three things affect retained earnings: revenues, expenses and dividends. Retained earnings is where the earnings not retained in the company (hence "retained" earnings) are accumulated.