Prepare a statement of retained earnings

Assignment Help Accounting Basics

Reference no: EM13147460

Landon Corporation was organized on January 2, 2008, with the investment of $100,000 by each of its two stockholders. Net income for its first year of business was $85,200. Net income increased during 2009 to $125,320 and to $145,480 during 2010. Landon paid $20,000 in dividends to each of the two stockholders in each of the three years. Prepare a statement of retained earnings for the year ended December 31, 2010.

Reference no: EM13147460

Questions Cloud

Find onfidence interval for true mean heart rate of people : Find a 99% confidence interval for the true mean heart rate of all people with this untreated condition. Show your calculations.

Lisa, the owner of shoe retaile : On 4 February 2014, Lisa, the owner of shoe retailer, Lisa's Shoes, which had several regional stores throughout Australia, sent the following fax to Mr Brown at Best. We refer to your notice in the 'National Advertiser' and would like to purchase 2,..

What is the boiling point of a solution : What is the boiling point of a solution of 30.20 g of ethylene glycol, HOCH2CH2OH, in 88.40 g of phenol?

Government taking account when creating a tax : Which of the following is an example of a consideration the government takes into account when creating a tax?

Prepare a statement of retained earnings : Landon paid $20,000 in dividends to each of the two stockholders in each of the three years. Prepare a statement of retained earnings for the year ended December 31, 2010.

Find optimal solution using the modi method : Starting with the initial solution derived by the nw corner method identify the cell w/the best cost improvement index and the quantity that can be transferred to that cell.

What must have happened to the metabolic pathways : Many species of diplomonads and parabasalids lack mitochondria, yet remain aerobic. As known, the mitochondria is the site of aerobic respiration. If these species retained their aerobic capabilities, what must have happened to the metabolic pathw..

Clustering-analyzing and prioritizing process : Perform the three (3) steps in the CAP organizing process: Clustering, Analyzing, and Prioritizing. Respond to the following:

Financial and cultural terms : Outline the options for financing your expansion. Discuss how this decision will impact your company in financial and cultural terms.

User Account

All Pages