At the beginning of the current year, Wilson Corporation had 200,000 shares of 1$ par common stock outstanding and had retained earnings of $4,800,000. During the year, the company had earned $1,675,000 and paid a year end cash dividend of $3 per share. What was wilson corporations retained earnings at the end of the year?
At the beginning of the current year, Wilson Corporation had 200,000 shares of 1$ par common stock outstanding and had retained earnings of $4,800,000. During the year, the company had earned $1,675,000 and paid a year end cash dividend of $3 per share. What was wilson corporations retained earnings at the end of the year?
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 8RE: Given the following year-end information for Somerset Corporation, compute its basic earnings per...
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At the beginning of the current year, Wilson Corporation had 200,000 shares of 1$ par common stock outstanding and had retained earnings of $4,800,000. During the year, the company had earned $1,675,000 and paid a year end cash dividend of $3 per share. What was wilson corporations retained earnings at the end of the year?
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