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Swiger Music Company Had the Following Information Related to Its

question 141

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Swiger Music Company had the following information related to its financial statements:
1) The company issued bonds in the amount of $50,000.
2) Earned net income of $78,900, declared a cash dividend of $0.25 per share, currently there are 50,000 shares issued.
3) Retained earnings at January 1, 2014 was $82,000.
Required:
Prepare the reconciliation of retained earnings for December 31, 2014.


Definitions:

Career Opportunities

The prospects for employment and advancement in one's professional life, often within a given field or industry.

Career Functions

Activities and benefits provided by mentors or organizations that support an individual's career development and progression.

Psychosocial Functions

The roles and operations performed by an individual that affect and are influenced by social and psychological factors.

Career Functions

The roles and activities that contribute to a person's career advancement, including mentorship, networking, and skill development.

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