Question

Corporation began with retained earnings of million. Revenues during the year were ​million, and expenses totaled million. declared dividends of million. What was the​ company's ending balance of retained​ earnings? To answer this​ question, prepare ​'s statement of retained earnings for the year ended December​ 31, ​, complete with its proper heading.

Answer 1

Complete Question:

Cell One Corporation began 2018 with retained earnings of $ 260 million. Revenues during the year were $ 520 ​million, and expenses totaled $ 340 million. Cell One declared dividends of $ 61 million. What was the​ company's ending balance of retained​ earnings? To answer this​ question, prepare Cell One​'s statement of retained earnings for the year ended December​ 31, 2018​, complete with its proper heading.

Answer:

Cell Corporation

Statement of Retained Earnings for the year ended December 31, 2018:

                                                     

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