Business, 06.08.2019 18:30 dukkchild666

Shown below in t-account format are the changes affecting the retained earnings of brenner-jude corporation during 2018. at january 1, 2018, the corporation had outstanding 105 million common shares, $1 par per share. retained earnings ($ in millions) 90 beginning balance retirement of 5 million common shares for $22 million 2 88 net income for the year declaration and payment of a $0.33 per share cash dividend 33 declaration and distribution of a 4% stock dividend 20 123 ending balance required: 1. from the information provided by the account changes you should be able to recreate the transactions that affected brenner-jude’s retained earnings during 2018. prepare the journal entries that brenner-jude must have recorded during the year for these transactions. 2. prepare a statement of retained earnings for brenner-jude for the year ended 2018.

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Shown below in t-account format are the changes affecting the retained earnings of brenner-jude corp...

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