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Part 210 points Calculate Retained Earnings The stockhol.pdf

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Part 2.(10 points): Calculate Retained Earnings The stockholders' equity of Crater, Inc, at December 31, 2016, appears below: During 2017, the following transactions occurred: May 1: Additional 25,000 common stock shares are issued. December 10: Declared and paid cash dividend of $3.50 per share. December 31: Recognized net income of $1,630,500. December 31: Recorded an unrealized gain on foreign currency translatio Required: Calculate the year-end balance of the retained earnings for 2017..

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Part 2.(10 points): Calculate Retained Earnings The stockholders' equity of Crater, Inc, at December 31, 2016, appears below: During 2017, the following transactions occurred: May 1: Additional 25,000 common stock shares are issued. December 10: Declared and paid cash dividend of $3.50 per share. December 31: Recognized net income of $1,630,500. December 31: Recorded an unrealized gain on foreign currency translatio Required: Calculate the year-end balance of the retained earnings for 2017.

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  • 1. Part 2.(10 points): Calculate Retained Earnings The stockholders' equity of Crater, Inc, at December 31, 2016, appears below: During 2017, the following transactions occurred: May 1: Additional 25,000 common stock shares are issued. December 10: Declared and paid cash dividend of $3.50 per share. December 31: Recognized net income of $1,630,500. December 31: Recorded an unrealized gain on foreign currency translatio Required: Calculate the year-end balance of the retained earnings for 2017.