Solution-Prepare the retained earnings statement for the

Prepare the retained earnings statement for the year

Reference no: EM131134418

1. For the year ending December 31, 2010, Kerns Inc. reports net income $140,000 and dividends $85,000. Prepare the retained earnings statement for the year assuming the balance in retained earnings on January 1, 2010, was $220,000.

Reference no: EM131134418

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Prepare the retained earnings statement for the year

Reference no: EM131134418

Reference no: EM131134418

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