Problem

(L.OBJ. 5) Preparing a combined statement of income and retained earnings [10 min] Gold...

(L.OBJ. 5) Preparing a combined statement of income and retained earnings [10 min]

Golden Times Express Company had retained earnings of $160 million at December 31, 2010. The company reported these figures for 2011:

Requirement

1. Beginning with net income, prepare a combined income statement and retained earnings for Golden Times Express Company for the year ended December 31, 2011.

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Solutions For Problems in Chapter 12

39CP

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