B-01.09 Problem

B-01.09 Problem - earnings; no dividends were declared or...

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B-01.09 Review the following facts for four separate companies. Identify the two companies that lost money during the year, explaining how you reached your conclusion for each. COMPANY A -- Ending retained earnings was less than beginning retained earnings and dividends were twice as much as income during the year. COMPANY B -- Ending retained earnings was more than beginning retained earnings, but the company issued stock in an amount greater than the increase in retained
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Unformatted text preview: earnings; no dividends were declared or paid. COMPANY C -- No stock was issued and no dividends were declared or paid; total liabilities went up more than total assets. COMPANY D -- Expenses exceeded revenues, but the company issued additional shares of stock in an amount that exceeded the difference between revenues and expenses....
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