Essay
Lin Wo Corporation had a balance in Retained Earnings on December 31,2012,of $360,000.During 2013,the company reported a net income of $24,000 after taxes.During 2013,the company declared and paid cash dividends totaling $18,000.Prepare the company's statement of retained earnings for the year ended December 31,2013.
Correct Answer:
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Correct Answer:
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