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Problem - Retained Earnings Statement

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Problem - Retained Earnings Statement

Auckland Cruises Inc. reported the following results for the year ending April 30, 2012:

Retained earnings, May 1, 2011 $3,180,000

Net income 515,000

Cash dividends declared 100,000

Stock dividends declared 125,000

Required - Prepare a retained earnings statement for the fiscal year ended April 30, 2012.

Reference no: EM132683279

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