Purchase Solution

Retained Earnings

Not what you're looking for?

Ask Custom Question

Please provide steps to calculate the retained earnings in 2010 using the following information:

Retained earnings: 841, 200

Decrease in total 183, 200
liabilities:

Gain on sale of building: 64, 400

Dividends declared and
pd. in 2010: 18, 000

Proceeds from sale of
common stock 197, 600

Net Income 90, 400

Purchase this Solution

Solution Summary

The solution explains the calculation of ending retained earnings.

Solution Preview

Ending retained earnings for 2010 = beginning retained earnings + net income - ...

Purchase this Solution


Free BrainMass Quizzes
Change and Resistance within Organizations

This quiz intended to help students understand change and resistance in organizations

Introduction to Finance

This quiz test introductory finance topics.

Balance Sheet

The Fundamental Classified Balance Sheet. What to know to make it easy.

Understanding Management

This quiz will help you understand the dimensions of employee diversity as well as how to manage a culturally diverse workforce.

Organizational Leadership Quiz

This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.