At the 15 January 2019 , the amount of Retained earnings reported by Moon Corporation is $ 2.500.000 . During 2019 , Moon Corporation and common socks of $ 750,000 , decad and paid cash dividends of $ 140,000 , and declared share dividends of $ 120,000 The amount of net income of 2019 ergsted by Moon Corporation is $ 1,000,000 Moon Corption was required to make a correction of understatement of depreciation expenses in prior years of $ 430,000 ( net of tex ) . Required : How much was the retained camnings reported on 31 December , 2019 ? ( Show your calculational . For the toolbar , press ALT + F10 ( PC ) or ALTHEN F10

At the 15 January 2019 , the amount of Retained earnings reported by Moon Corporation is $ 2.500.000 . During 2019 , Moon Corporation and common socks of $ 750,000 , decad and paid cash dividends of $ 140,000 , and declared share dividends of $ 120,000 The amount of net income of 2019 ergsted by Moon Corporation is $ 1,000,000 Moon Corption was required to make a correction of understatement of depreciation expenses in prior years of $ 430,000 ( net of tex ) . Required : How much was the retained camnings reported on 31 December , 2019 ? ( Show your calculational . For the toolbar , press ALT + F10 ( PC ) or ALTHEN F10

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 53BE

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