farmlady
Jul 12, 2008, 01:46 PM
Retained Earnings Computations
2009 Revenues 230,000
Expenses with income tax 190,000
Cash dividend 25,000
2008 Assets 350,000
Liabilities 80,000
Stock 210,000
2009 had a cash dividend of 25,000
No additional stocks were added. How do you compute the retained earnings on 2008 and 2009?? :confused:
2009 Revenues 230,000
Expenses with income tax 190,000
Cash dividend 25,000
2008 Assets 350,000
Liabilities 80,000
Stock 210,000
2009 had a cash dividend of 25,000
No additional stocks were added. How do you compute the retained earnings on 2008 and 2009?? :confused: