The third company: Preparing the list of retained earnings for the company from the data...
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Accounting
The third company: Preparing the list of retained earnings for the company from the data provided below?
If you know that the balance of the retained earnings for the first period for Al-Rafidain General Trading Company on January 1, 2018 was (100,000 one hundred thousand dinars), the net profit during the year 2018 was 60,000 dinars, and the profits distributed during the year 2018 were 30,000 dinars, at a ratio of 1: 2 between the distributions of preference shares Ordinary shares.
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