answer both Brief Exercise 10-11 (Algo) Calculate retained earnings (LO10-5)...
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Brief Exercise 10-11 (Algo) Calculate retained earnings (LO10-5) Diamond Dresses began the year with a balance of $482,000 in Retained Earnings. During the year, the company had net income of $122,000 and declared no dividends. (a) Calculote the ending balance of Retained Earnings. (b) Now assume the company declared dividends of $28,000. Calculate the ending balance of Retained Eamings. Exercise 10-9 (Algo) Find missing amounts for retained earnings (LO10-5) Consider each of the following independent situations: Required: For each situation, calculate the missing amount
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