DISCUSSION QUESTIONS

Less dividends declared 45,000. Increase in retained earnings 170,000. Retained earnings, October 31, 2012 $966,750 Ex. 11–18. 1. Retained earnings is not part of paid-in capital. ... Dividends payable should be included as part of current liabilities and not as part of stockholders’ equity. 4. Common stock should be included as part of ... ................
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