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Showing posts with label Retained Earnings. Show all posts
Showing posts with label Retained Earnings. Show all posts
Saturday, July 3, 2021

Grass Gadgets had sales of $30 million and net income of $2 million in 2008. Grass paid a dividend of $1.5 million

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Grass Gadgets had sales of $30 million and net income of $2 million in 2008. Grass paid a dividend of $1.5 million. Assuming that their begi...
Saturday, October 10, 2020

Frosty Inc. has the following balances on December 31 prior to closing entries:

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Frosty Inc. has the following balances on December 31 prior to closing entries: Revenues $ 35,000 Retained Earnings, Jan. 1 10,000 Cash 7,00...

For the first three years of operations, the company reports net income of $1,000, $2,000, and $3,000, and pays dividends of $500, $1,000, and $1,000

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For the first three years of operations, the company reports net income of $1,000, $2,000, and $3,000, and pays dividends of $500, $1,000, a...

How many of the items listed above are generally long-term assets?Land Accounts Receivable Notes Payable

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Consider the following items: Land Accounts Receivable Notes Payable (due in three years) Accounts Payable Retained Earnings Prepaid Rent De...

In the statement of stockholders' equity, the balance of Retained Earnings increased by $32,000. The company declared a dividend of $10,000 during the year. What was the net income for the year?

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In the statement of stockholders' equity, the balance of Retained Earnings increased by $32,000. The company declared a dividend of $10,...

In the statement of stockholders' equity, Retained Earnings had a beginning balance of $60,000. During the period, the company reports a net loss of $10,000 and net cash outflows of $15,000. The ending balance in the Retained Earnings account is:

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In the statement of stockholders' equity, Retained Earnings had a beginning balance of $60,000. During the period, the company reports a...

A company's accountant is trying to prepare an adjusted trial balance from the list of accounts below. Cash $ 12,000

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A company's accountant is trying to prepare an adjusted trial balance from the list of accounts below. Cash $ 12,000 Retained Earnings 3...
Friday, March 1, 2019

Quirk Corporation issued a 100% stock dividend of its common stock which had a par value of $10 before and after the dividend

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Quirk Corporation issued a 100% stock dividend of its common stock which had a par value of $10 before and after the dividend. At what amoun...