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At the beginning of 2011, Hamilton Company had retained aernings of $150000. During the year H amilton reported net income of $75000, sold treasury stock at a "gain" of $27000, declared a cash divedend of $45000, and declared and issued a small stock divedend of 1500 shares ($10 par value) when the market value of the stock was $30 per share. The amount of retained earnings available for divedends at the end of 2011 was:

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9444304

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