Calculate ending retained earnings
Beginning retained earnings | 43600 |
Add: Net income | 6600 |
Less: Dividend | -5775 |
Ending retained earnings | 44425 |
A company had a beginning balance in retained earnings of $43,600. It had net income of...
A company had a beginning balance in retained earnings of $430,000. It had net income of $60,000 and paid out cash dividends of $56,250 in the current period. The ending balance in retained earnings equals: $426,250. $433,750. $490,000. $546,250 $116,250
A company had a beginning balance in retained earnings of $44,300. It had net income of $7,300 and paid out cash dividends of $5,950 in the current period. The ending balance in retained earnings equals: Multiple Choice $45,650. $13,250. $42,950. $57,550. $5,950.
A company had a beginning balance in retained earnings of $400,000. It had net income of $50,000 and declared and paid cash dividends of $55,000 in the current period. The ending balance in retained earnings equals: Multiple Choice O $505,000 о $455,000. о $350,000.
Webster Company has a beginning balance in Retained Earnings of $17,000. They earned a net income of $3,000 during the year and paid out $6,000 in dividends. What is the ending balance in Webster Companies Retained Earnings account at the end of the year? (Answer in whole $s without the $ sign or comma, i.e. 12345.)
Petro Inc. had a beginning balance in retained earnings on January 1, 2018 of $44,300. The Company's Cash balance orn January 1, 2018 was $41,000 and had decreased to a Cash balance on Dec ember 31, 2018 of $14,500. Petro's net income for 2018 was $7.300 and the Company paid out cash dividends of $5,950 during 2018. What should be Petro Iinc's Retained Earnings ending balance on December 31, 2018? Mutiple Choice 42.950 $57,550 $13.250 C Prev 22 o 34...
The Brandon Company had an ending balance in retained earnings of $100,000. During the year it paid dividends of $25,000 and had net income of $75,000. It also had other comprehensive income (foreign currency gain) of $10,000. What was beginning retained earnings? $50,000 O $150,000 $40,000 $ 140,000
T or F: Retained Earnings – The beginning account balance is increased for Net Income and decreased for payment of dividends to arrive at the ending balance for the accounting period. (If false, identify and correct the error.)
6) Complete the following Retained Earnings Statement for the Sunset Sailboat Company. Information: Beginning Retained Earnings, $27,000; Net Income, $15,000; Common Stock Cash Dividends, $3,000; Prior Period Adjustment, the accountants missed a $2,500 expense from last year; Preferred Stock Cash Dividends, $2,000. Retained Earnings Statement Beginning Retained Earnings, January 1 Prior Period Adjustment Adjusted Retained Earnings Balance, January 1 Net Income (Loss) Less: Common Stock Cash Dividends Less: Preferred Stock Cash Dividends Ending Retained Earnings, December 31
What is the ending balance of retained earnings for Zippy Company? Net Income, $40,000 Beginning retained earnings, $700,000 Dividend payout ratio, 30 %
The beginning balance of Retained Earnings is $130,000 while the ending balance is $155,000. If $25,000 in dividends were paid out during the year, how much was net income?