Stillwater Corporation, a manufacturer of industrial pumps, reports the following results for the…

Stillwater Corporation, a manufacturer of industrial pumps, reports the following results for the year ending August 31, 2008:Retained earnings, September 1, 2007 ……. $1,752,000Net income ……………….. 378,000Cash dividends declared ………….. 80,000Stock dividends declared …………. 100,000Prepare a retained earnings statement for the fiscal year ended August 31, 2008.View Solution:
Stillwater Corporation a manufacturer of industrial pumps repo

 

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