Problemportman corporation has retained earnings of 693900, Ask an Expert

Accounting

Problem:

Portman Corporation has retained earnings of $693,900 at January 1, 2014. Net income during 2014 was $1,451,000, and cash dividends declared and paid during 2014 totaled $82,000.

Required:

Question: Prepare a retained earnings statement for the year ended December 31, 2014.

Note: Please show the work not just the answer.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91163980

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