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retained earnings statement for 2013


retained earnings statement for 2013 Rex Company reported retained earnings at December 31, 2012, of $410,000. Reese had 160,000 shares of common stock outstanding throughout 2013. The following transactions occurred during 2013. 1. An error was discovered in 2011, depreciation expense was recorded at $60,000, but the correct amount was $50,000. 2. A cash dividend of $0.50 per share was declared and paid. 3. A 5% stock dividend was declared and distributed when the market price per share was $15 per share. 4. Net income was $225,000. Instructions Prepare a retained earnings statement for 2013. Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help


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