Business, 20.12.2019 18:31 020020

At the beginning of 2013, flaherty company had retained earnings of $250,000.
during the year flaherty reported net income of $100,000, sold treasury stock at a "gain" of $36,000, declared a cash dividend of $60,000, and declared and issued a small stock dividend of 3,000 shares ($10 par value) when the fair value of the stock was $20 per share.

the amount of retained earnings available for dividends at the end of 2013 was:

a. $230,000.b. $260,000.c. $266,000.d. $296,000.

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At the beginning of 2013, flaherty company had retained earnings of $250,000.
during the year...

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