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Business, 20.09.2020 16:01 IsabelAyshi

Southlake Properties had sales of $40 million and net income of $2 million in FY2019. The firm declared and paid a dividend of $1.5 million. At the beginning of FY2019 the balance for retained earnings was $4 million. What amount should appear for retained earning in Southlake's FY2019 year end balance sheet?

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Southlake Properties had sales of $40 million and net income of $2 million in FY2019. The firm decla...
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