EXERCISE 15-16 - Current balance of retained earnings .

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EXERCISE 15-16 (5–10 minutes) Total income since incorporation . .................................. $287,000 Less: Total cash dividends paid. .................................... $60,000 Total value of stock dividends. ........................... 40,000 100,000
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Unformatted text preview: Current balance of retained earnings . ........................... $187,000 The unamortized discount on bonds payable is shown as a contra liability; the gains on treasury stock transactions are recorded as additional paid-in capital....
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This note was uploaded on 01/31/2011 for the course ACCT 302 taught by Professor Leee during the Spring '10 term at Grand Rapids Community College.

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