Examlex
The balance in retained earnings on January 1, 2010, for Blakely Inc., was $600,000. During the year, the corporation paid cash dividends of $70,000 and distributed a stock dividend of $15,000. In addition, the company determined that it had overstated its depreciation expense in prior years by $50,000. Net income for 2010 was $120,000.
Instructions
Prepare the retained earnings statement for 2010.
Severe Maladaptive Behaviors
Patterns of action or tendencies that are significantly detrimental to one's social, occupational, or physical wellbeing.
Problem-Solving Therapy
Problem-solving therapy is a cognitive-behavioral intervention designed to help individuals cope with life's challenges by developing more effective problem-solving skills.
Environmental Factors
Elements outside the individual that can significantly affect health and behavior, including but not limited to social, economic, and physical conditions.
Long Range Effects
The consequences or impacts of an action, intervention, or situation that occur over an extended period.
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