Acc423 Intermediate Accounting: E15-16 The following information has been taken from the ledger

Acc423 Intermediate Accounting

E15-16 (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.
Powered by