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Other Fields Homework Help Accounting Topic started by: LiChan on Dec 13, 2016



Title: The following information was provided for the year ended March 31, 2007:Balance, April 1, 2006 ...
Post by: LiChan on Dec 13, 2016
The following information was provided for the year ended March 31, 2007:
   Balance, April 1, 2006 common stock   $ 40,000
   Balance, April 1, 2006 paid-in capital   45,000
   Balance, April 1, 2006 retained earnings   136,000
   Sale of 1,000 shares common stock, par value $2   100,000
   Net loss   17,000
   Dividends declared   3,000
What is the balance as of March 31, 2007, for retained earnings on the statement of stockholders' equity?
A) $116,000
B) $119,000
C) $153,000
D) $150,000


Title: Re: The following information was provided for the year ended March 31, 2007:Balance, April 1, 2006 ...
Post by: mourningbird on Dec 15, 2016
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Title: Re: The following information was provided for the year ended March 31, 2007:Balance, April 1, 2006 ...
Post by: LiChan on Jan 26, 2017
Was looking for this exact answer, thanks


Title: Re: The following information was provided for the year ended March 31, 2007:Balance, April 1, 2006 ...
Post by: mourningbird on Feb 16, 2017
Excellent feedback, thanks