Retained earnings balance at the beginning of the year $283,000
Cash dividends declared for the year 62,500
Proceeds from the sale of equipment 107,000
Gain on the sale of equipment 6,000
Cash dividends payable at the beginning of the year 27,500
Cash dividends payable at the end of the year 35,000
Net income for the year 137,500
Required:
The ending balance in retained earnings is:
Solved
Show answers
More tips
- F Food and Cooking How Many Grams Are In a Tablespoon?...
- L Leisure and Entertainment Carving: History and Techniques for Creating Vegetable and Fruit Decorations...
- P Photography and Videography How to Choose the Perfect Photo Paper for Your Images?...
- H Health and Medicine What vaccines do children need?...
- H Health and Medicine Reasons for the Appearance of Warts: Everything You Need to Know...
- A Art and Culture How to Learn Screaming: Step-by-Step Guide for Beginners...
- H Health and Medicine Contraceptive Pills After 35: The Importance Of Choosing The Right Medication...
- C Computers and Internet How to Choose a Monitor?...
- H Horoscopes, Magic, Divination Where Did Tarot Cards Come From?...
Answers on questions: Business
- B Business Larry and Susan work in an office near 2 Live Stew and Stew-topia, specialty stew restaurants on the same block. Larry notices that both places are charging only $2.00 for a bowl of...
- B Business The Computer Fraud and Abuse Act of 1986: Select one: a. Generally makes it a misdemeanor to access a computer without proper permission. b. Is only used when harm results as a result...
- B Business While eating at a restaurant, you see a waiter s serving tray tilt and an avalanche of food and beverages splatters on four people. What a careless, clumsy idiot, you mumble to yourself...
- B Business Innovative Products reported net income of $226,000. Beginning and ending inventory balances were $48,000 and $49,000, respectively. Accounts Payable balances at the beginning and...
- B Business Select the four challenges facing ebusiness. 1. Managing podcasting and videoconferencing 2. Building content management systems 3. Adhering to taxation rules 4. Ensuring consumer...
- B Business Autocratic managers tend not to take orders then pass them along invite employees to plan work schedules assume everyone is on the same page he is refuse to consider options from employees...
- B Biology Hello what do you mean by Transpiration ?...
- H History Explain the Kansas-Nebraska act. What was the lawmakers hope in this legislation?...
- H History Why were people so scared about the Cuban Missile Crisis? * (2 Points) O Because it would mean war again Because Nuclear weapons were involved Because Kennedy didn t want to negotiate...
- E English During which two steps do you actually read the book and recall the target word definitions?...
Ответ:
Retained earnings = 358,000
Explanation:
Opening retained earnings balance 283,000
Less: Cash dividend declared 62,500
Add: Net income 137,500
Closing retained earnings 358,000
Ответ: