Solution-Lincoln corporation has retained earnings

Lincoln corporation has retained earnings

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Reference no: EM131104809

1. Lincoln Corporation has retained earnings of $675,000 at January 1, 2004. Net income during 2004 was $2,400,000, and cash dividends declared and paid during 2004 totaled $75,000. Prepare a retained earnings statement for the year ended December 31, 2004.

Reference no: EM131104809

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Lincoln corporation has retained earnings : Lincoln Corporation has retained earnings of $675,000 at January 1, 2004. Net income during 2004 was $2,400,000, and cash dividends declared and paid during 2004 totaled $75,000.

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Lincoln corporation has retained earnings

Reference no: EM131104809

Reference no: EM131104809

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