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Business, 18.12.2019 17:31 MikaB1063

Novak corp. reported retained earnings at december 31, 2018, of $317,000. novak had 190,000 shares of common stock outstanding at the beginning of 2019. the following transactions occurred during 2019. 1. a cash dividend of $0.35 per share was declared and paid. 2. a 5% stock dividend was declared and distributed when the market price per share was $15 per share. 3. net income was $284,000. compute the ending balance in retained earnings at the end of 2019.

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Novak corp. reported retained earnings at december 31, 2018, of $317,000. novak had 190,000 shares o...
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