Acc201 test - Study guides, Class notes & Summaries

Novak Corp. began the year with retained earnings of $669000. During the year the company recorded revenues of $577000, expenses of $375000, and paid dividends of $139500. What was Novak retained earnings at the end of the year? Ans: $731500 Retained earnings+revenue-expenses-dividends Wildhorse Co. began the year with retained earnings of $933000. During the year, the company issued $134000 of common stock, recorded expenses of $3616000, and paid dividends of $244000. If Wildhorse en...

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