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Unformatted text preview: The only time you use negatives or parenthesis is with the EPS amounts - not in the statements. EXERCISE 4-11 The 1/1/10 balance in R/E can be found by adding all prior year Net Income amounts and subtracting all prior year dividend declarations. The balance sheet would add unrestricted and restricted retained earnings together when reporting the total retained earnings balance. Check figure: Ending balance in R/E at 12/31/10 is $215,000. 3-1...
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This note was uploaded on 11/22/2010 for the course ACCT 320 taught by Professor Alee during the Spring '10 term at Kansas State University.
- Spring '10
- Income Statement