On January 1, 2015, Mansfield Company has a retained earnings balance of $256,000. During 2015, its net income is $44,000 and it announces and pays $12,000 in dividends. There is no other dividend-related activity during the year. Its December 31, 2015 retained earnings balance is:a. $212,000b. $288,000c. $300,000d. $224,000
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “On January 1, 2015, Mansfield Company has a retained earnings balance of $256,000. During 2015, its net income is $44,000 and it announces ...” 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
April 30 May 31 Inventories Raw materials $ 49,000 $ 43,000 Work in process 9,900 21,000 Finished goods 52,000 34,000 Activities and information for May Raw materials purchases (paid with cash) 193,000 Factory payroll (paid with cash) 300,000
Answers (1)
Which of the following about non-insurance contracts is FALSE?: A. like insurance contracts they involve transfer of risks. B. can fail if the contract language is unclear. C. can be used to handle risks that are uninsurable. D. None of the above.
Answers (1)
A manufacturer of brand A jeans has daily production costs of Upper C equals 0.3 x squared minus 120 x plus 12 comma 585 , where C is the total cost (in dollars) and x is the number of jeans produced.
Answers (2)
A school band performs a spring concert for a crowd of 600 people. the revenue for the concert is $3150. there are 150 more adults at the concert than students. how many of each type of ticket are sold?
Answers (1)
In a market with a binding price control, a. there is an imbalance between the quantity supplied by sellers and the quantity demanded by buyers. b. the costs of production are fully reflected in the price paid. c.
Answers (1)
New Questions in Business
An employee's gross yearly salary is $42,500. If the employee is paid monthly, how much will the gross pay be?
Answers (1)
For a perfectly competitive firm, which of the following is NOT true? A. The total revenue curve begins at the origin and slopes upward as output increases. B. The slope of the total revenue curve is equal to the product price. C.
Answers (1)
Ginger, Inc., has declared a $6.30 per share dividend. Suppose capital gains are not taxed, but dividends are taxed at 20 percent. New IRS regulations require that taxes be withheld at the time the dividend is paid. The company's stock sells for $94.
Answers (1)
2017 2018 Nominal GDP $10,000 $12,000 Real GDP 9,500 10,500 Given the information above, what can we say has happened in the economy from 2017 to 2018? A. The price level has remained constant. B.
Answers (1)
Hi-Tek is a young start-up company. No dividends will be paid on the stock over the next 9 years, because the firm needs to plow back its earnings to fuel growth.
Answers (2)