Shack company had retained earnings of $96,000 and stockholders equity of $158,000 at the beginning of...
Homework Answers
Ending retained earnings= Beginning retained earnings+Net income-Cash dividend
= $96000+39000-20000= $115000
Ending total stockholders' equity= Beginning stockholders' equity+Ending retained earnings+Other comprehensive income
= $158000+115000+12000
= $285000
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Shack company had retained earnings of $96,000 and stockholders
equity of $158,000 at the beginning of...
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