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Category > Accounting Posted 19 Aug 2017 My Price 5.00

Sumter Pumps Corporation

EX 11-17  Retained earnings statement                                                            ObJ.  5

Sumter Pumps Corporation, a manufacturer of industrial pumps, reports the following re- sults for the year ended January 31,  2016:

 

Retained earnings, February 1, 2015 ..................................... $59,650,000 Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .                                                                                                             8,160,000

Cash dividends declared ................................................     1,000,000

Stock dividends declared ...............................................     2,600,000

Prepare a retained earnings statement for the fiscal year ended January 31,   2016.

 

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Status NEW Posted 19 Aug 2017 10:08 PM My Price 5.00

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