Splish Brothers Inc. began the year 2022 with retained earnings of $658000. During the year, the company sold additional shares of stock for $1023000, recorded revenues of $587000, expenses of $376000, and paid dividends of $143000. What was Splish's retained earnings balance at the end of 2022?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Splish Brothers Inc. began the year 2022 with retained earnings of $658000. During the year, the company sold additional shares of stock ...” 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
What effect will each of the following have on the demand for small automobiles such as the Mini-Cooper and Fiat 500? A. Small automobiles become more fashionable: IncreaseB.
Answers (1)
The Jean Outlet is an all-equity firm that has 152,000 shares of stock outstanding. The company has decided to borrow $1.1 million to repurchase 7,500 shares of its stock from the estate of a deceased shareholder.
Answers (1)
Determine the time (in a years and days) it would take for a $36,000 loan at a rate of 3% to cost the borrower $400 in interest?
Answers (1)
You can best show a business your interest in their job position through:A. a cover letter. B. an application. C. a resume. D. social media.
Answers (2)
Which of the following statements is correct? Stock that has decreased in value during the year can be deducted from gross income. Stock which has appreciated in value must be sold before it is considered part of gross income.
Answers (1)
New Questions in Business
1. Identify a company or organization from which you have received high-quality products and describe the characteristics which make it high quality. 2.
Answers (1)
Consider the following list of accounts: Cash Retained Earnings Service Revenue Utilities Expense Salaries Expense Accounts Receivable Accounts Payable Common Stock Equipment Dividends How many of these accounts have a normal debit balance?
Answers (1)
On July 9, Mifflin Company receives an $7,400, 90-day, 10% note from customer Payton Summers as payment on account.
Answers (1)
Which of the following preventive strategies is described below: Violence often escalates. Behaviors like excessive complaining, hostility, threats, swearing, and sabotage frequently precede more violent incidents.
Answers (1)
Malinda took a client to dinner meeting. After agreeing to a business deal, they went to see a show. Malinda paid $100 for the meal and separately paid $45 for the show tickets, amounts that were reasonable under the circumstances.
Answers (1)