Columbia Construction Company earned $442,000 during the year ended June 30, 2014. After paying out $225,794 in dividends, the balance went into retained earnings. If the firm's total retained earnings were $847,935 at the end of fiscal year 2014, what were the retained earnings on its balance sheet on July 1, 2013?
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Ответ:
$631,729
Explanation:
The amount indicated as retained in a balance sheet is the accumulated amount of retained earning since inception.
A company's profits are shared between dividends and retained earnings.
The Columbia company made profits of $442,000 on June 30, 2014
Amounts paid out as dividends on June 30 were $225,794
The retained earnings for June 2014 will be:
If net profits = retained earnings + dividends
retained earning will be earning - dividends payouts
=$442,000- $225,794
=$216,206
retained earning for June 2104 is 216,206
The accumulated retained earnings as of June 14, 2014, were $847,935,
retailed earning as of June 30, 2013, were
Accumulated retained earning by June 30, 2014 minus retained earnings earned on June 30, 2014
$847,935,-$216,206
=$631,729
Ответ:
Step-by-step explanation:
the answer is d
b/c when you see the parabola lie in -3<x>1
it is down ward because the function is negative