For the year ending December 31, 2020, Monty Corp. reports net income $130,000 and cash dividends $81,000. Determine the balance in retained earnings at December 31 assuming the balance in retained earnings on January 1, 2020, was $215,000. (List items that increase retained earnings first.)
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “For the year ending December 31, 2020, Monty Corp. reports net income $130,000 and cash dividends $81,000. Determine the balance in ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
A subsidiary has plant assets with a fair value of $100 million and book value of $60 million at the date of acquisition. The plant assets have a remaining life, as of the date of acquisition, of 20 years, straight-line.
Answers (1)
Give two examples of revenue sources for state government.
Answers (1)
Expert pool players were observed to make 71% of their shots when alone. when four people watched them, they made 80% of their shots. this best illustrates:
Answers (1)
During the current​ year, a corporation sells equipment for​ $300,000. The equipment cost​ $270,000 when purchased and placed in service two years ago and​ $60,000 of depreciation deductions were allowed.
Answers (1)
An Empirical Bargaining Model with Digit Bias - A Study on Auto Loan Monthly Payments
Answers (1)
New Questions in Business
At december 1, 2017, nash's trading post, llc accounts receivable balance was $12430. during december, nash's, llc had credit sales of $33300 and collected accounts receivable of $26640. at december 31, 2017, the accounts receivable balance is
Answers (1)
Tyrone is frustrated by having submitted dozens of resumes to tech companies around the pacific northwest, resulting in zero job interviews. he decides to try submitting three resumes as "tyler," and receives two calls from prospective employers.
Answers (1)
In a small Asian country, it is estimated that changing the level of capital from $8 million to $12 million will increase real GDP from $4 million to $6 million.
Answers (1)
Assuming you own a home, where would the amount for the mortgage owed to the bank go in a personal balance sheet? A. Within the equity total B. Under sub prime assets C. Under revenues D. Under liabilities
Answers (2)
When a firm has international operations, choosing the most appropriate structure depends upon the extent of international expansion, the type of strategy, and the degree of market diversity. True False
Answers (1)