Comparative Statements of Retained Earnings for Renn-Dever Corporation were reported as follows for the fiscal...
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Accounting
Comparative Statements of Retained Earnings for Renn-Dever Corporation were reported as follows for the fiscal years ending December 31, 2014, 2015, and 2016.
RENN-DEVER CORPORATION
Statements of Retained Earnings
For the Years Ended December 31
2016
2015
2014
Balance at beginning of year
$
7,063,292
$
5,629,052
$
5,754,552
Net income (loss)
3,321,700
2,370,900
(125,500)
Deductions:
Stock dividend (59,100 shares)
255,000
Common shares retired, September 30 (120,000 shares)
225,660
Common stock cash dividends
902,950
711,000
0
Balance at end of year
$
9,227,042
$
7,063,292
$
5,629,052
At December 31, 2013, paid-in capital consisted of the following:
Common stock, 2,090,000 shares at $1 par,
$
2,090,000
Paid in capitalexcess of par
7,550,000
No preferred stock or potential common shares were outstanding during any of the periods shown.
year numerator/denominator=earnings per share
2014
2015
2016
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