Retained Earnings Statement

profilexoon
 (Not rated)
 (Not rated)
Chat

Landon Corporation was organized on January 2, 2010, with the investment of $100,000 by each of its two stockholders. Net income for its first year of business was $85,200. Net income increased during 2011 to $125,320 and to $145,480 during 2012. Landon paid $20,000 in dividends to each of the two stockholders in each of the three years.
Prepare a statement of retained earnings for the year ended December 31, 2012.

    • 8 years ago
    100 % correct answer A+++++++++++++ tutorial
    NOT RATED

    Purchase the answer to view it

    blurred-text
    • attachment
      8529121.xlsx