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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
(Computation of Retained Earnings) The following information has been taken from the ledger accounts of Isaac Stern Corporation.
Total income since incorporation                                             $317,000
Total cash dividends paid                                                             60,000
Total value of stock dividends distributed                            30,000
Gains on treasury stock transactions                                      18,000
Unamortized discount on bonds payable                             32,000
Instructions
Determine the current balance of retained earnings.
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