A company had a beginning balance in retained earnings of $430,000. It had net income of $60,000 and paid out cash dividends of $56,250 in the current period. The ending balance in retained earnings equals: Multiple Choice $546,250. $426,250. $116,250. $433,750. $490,000. g
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A company had a beginning balance in retained earnings of $430,000. It had net income of $60,000 and paid out cash dividends of $56,250 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
Veys Limos, Inc., is considering the purchase of a limousine that would cost $155,776, would have a useful life of 7 years, and would have no salvage value.
Answers (1)
If vince charged $200 on his credit card with 18% apr and he paid his balance in full within the grace period, how much is the finance change?
Answers (1)
The following account balances appear in the 2021 adjusted trial balance of Blue Devils Corporation: Cash, $5,000; Accounts Receivable, $9,000; Supplies, $19,000; Equipment, $120,000; Accumulated Depreciation, $45,000; Accounts Payable, $26,000;
Answers (1)
Seasonal patterns A. cannot be predicted. B. are multiyear runs of observations above or below the trend line. C. reflect a shift in the time series over time. D. are regular repeated patterns.
Answers (1)
In a limited partnership, who is automatically authorized to borrow money
Answers (2)
New Questions in Business
The net income earned by the cooper, cross, and crane partnership is $18,000. their respective average capital balances are $20,000, $20,000, and $40,000.
Answers (2)
when a minor breach has occured, the non - breaching party is able to do what?
Answers (1)
What is similar to the size of bacteria
Answers (1)
What function is money serving when you buy a ticket to a movie? a. a store of value b. a medium of exchange c. a unit of account d. a flow of funds
Answers (1)
It is important for a licensee or broker to remove ambiguity when a seller's unclear decision could be discriminatory by forcing the seller to: A. cooperate with the buyer. B. renegotiate the contract. C. pay the closing costs. D.
Answers (1)