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At the beginning of 2011, hamilton company had retained earnings of $150,000. during the year hamilton reported net income of $75,000, sold treasury stock at a “gain” of $27,000, declared a cash dividend of $45,000, and declared and issued a small stock dividend of 1,500 shares ($10 par value when the market value of the stock was $30 per share. the amount of retained earnings available for dividends at the end of 2011 was:
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At the beginning of 2011, hamilton company had retained earnings of $150,000. during the year hamilt...
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