Calculate the retained earnings balance as of dec 31 2010., Ask an Expert

Accounting

Review exercise-find out retained earings from the following:

Retained earnings, Dec 31, 2011 = $490,400
Net decrease in total assets during 2011 = $74,800
Net increase in accounts receivable in 2011 = $17,200
Dividends declared and paid in 2011 = $67,200
Proceeds from issurance of bonds during 2011 = $176,800
Net loss for the year ended Dec 31, 2011 = $46,000

find out the Retained Earnings balance as of Dec 31, 2010. ?????

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M946019

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