On january 1 2011 miller corporation had retained earnings, Ask an Expert

Accounting

On January 1, 2011 Miller Corporation had retained earnings of $18,000. During 2010, Miller reported net income of $25,000, declared and paid dividends of $20,000, and issued stock for $10,000. What were Miller's retained earnings on December 31, 2011?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9408903

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