Homework Answers
Solution:
Net income for 2016 of Willie = Increase in retained earnings + Dividend declared
= $35,000 + $28,000 = $63,000
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somone can please show the work so I can see how its solved. thank
you....
Problem #2 (10 points) Willie Company's retained earnings increased $35,000 during 2016. What was Willie's 2016...
Problem #2 (10 points) Willie Company's retained earnings increased $35,000 during 2016. What was Willie's 2016 net income or loss given that Willie declared $28.000 of dividends during 2016? Show your work and put the answer in the box below ANSWER
1.) During 2015, Orton Company earned net income of $500,000, which included depreciation expense of $54,000...
1.) During 2015, Orton Company earned net income of $500,000, which included depreciation expense of $54,000 and a gain on the sale of equipment of $21,000. In addition, the company experienced the following changes in the account balances listed below: Increases -------------------------- Decreases Accounts Payable $45,000 ------ Accounts Receivable $12,000 Prepaid Insurance $33,000 ------ Accrued Liabilities $24,000 N/A ------------------------------------Inventory $45,000 Prepare the Net Cash Flow from Operating Activities: (Good form - Just don't show numbers. If you just show numbers,...
please explain in depth so i can see how to get there At the beginning of...
please explain in depth so i
can see how to get there
At the beginning of the current fiscal year, the balance sheet for Davis Co. showed liabilities of $352,000. During the year, liabilities decreased by $19,800, assets increased by $71,500, and paid-in capital increased from $33,000 to $211,200. Dividends declared and paid during the year were $27,500. At the end of the year, stockholders' equity totaled $471,900. Required: Calculate net income (or loss) for the year. Indicate the financial...
1.) During 2014, Lopez Corporation disposed of Pine Division, a major component of its business. Lopez...
1.) During 2014, Lopez Corporation disposed of Pine Division, a major component of its business. Lopez realized a gain of $2,400,000, net of taxes, on the sale of Pine's assets. Pine's operating losses, net of taxes, were $2,800,000 in 2014. How should these facts be reported in Lopez's income statement for 2014? Total Amount to be Included in Income from Continuing Operations Discontinued Operations a. $2,800,000 loss $2,400,000 gain b. 400,000 loss 0 c. 0 400,000 loss d. 2,400,000 gain...
please explain in depth so i can see how to get there.. two different ones At...
please explain in depth so i can see how to get there.. two
different ones
At the beginning of its current fiscal year, Willie Corp.'s balance sheet showed assets of $11,300 and liabilities of $6,900. During the year, liabilities decreased by $800. Net income for the year was $2,550, and net assets at the end of the year were $4,450. There were no changes in paid-in capital during the year. Required: Calculate the dividends, if any, declared during the year....
Can somone please explain how to graph this, please show work and explain where you get...
Can somone please explain how to graph this, please show work and
explain where you get the numbers. Thank you
Draw the that z 0 m at t = 08.(Figuro 1) graph for the velocity 1 o1 No elements selected r(m) y, (m/s) t (s) 10 12
Please show calculations so I would actually understand it thank you so much. Pacifica Papers Inc....
Please show calculations so I would actually understand it thank
you so much.
Pacifica Papers Inc. needed to conserve cash, so instead of a cash dividend the board of directors declared a 5% common share dividend on June 30, 2020, distributable on July 15, 2020. Because performance during 2020 was better than expected, the company's board of directors declared a $0.95 per share cash dividend on November 15, 2020, payable on December 1, 2020, to shareholders of record on November...
Please show all steps so I can fully understand how to solve. Thank you The J&W...
Please show all steps so I can fully understand
how to solve. Thank you
The J&W Corporation's shareholders' equity as at December 31, 20x7 is as follows: Common shares, 1128 shares outstanding $40000 Preferred shares, $4.79, cumulative, 199 shares $15000 outstanding Retained Earnings $57182 The preferred share dividends were last paid on December 31, 20x4. It is now December 1, 20x8 and management wants to pay a dividend of $3.87 per common share. The company's 20x8 ending Retained Earnings balance...
please help me solve this and show how you solved it so i can get a...
please help me solve this and show how you solved it so i can get a
better understanding, thank you?
Solve e2x +et – 6=0.
please explain in depth so i can see how to get there The information presented here...
please explain in depth so i can see how to
get there
The information presented here represents selected data from the December 31, 2019, balance sheets and income statements for the year then ended for three firms. Required: Calculate the missing amounts for each firm. Firm A Firm B $ 391,500 Firm C $ 468,000 184,500 126,000 72,000 49,500 Total assets, 12/31/19 Total liabilities, 12/31/19 Paid-in capital, 12/31/19 Retained earnings, 12/31/19 Net income for 2019 Dividends declared and paid during...
Problem #2 (10 points) Willie Company's retained earnings increased $35,000 during 2016. What was Willie's 2016 net income or loss given that Willie declared $28.000 of dividends during 2016? Show your work and put the answer in the box below ANSWER
please explain in depth so i
can see how to get there
At the beginning of the current fiscal year, the balance sheet for Davis Co. showed liabilities of $352,000. During the year, liabilities decreased by $19,800, assets increased by $71,500, and paid-in capital increased from $33,000 to $211,200. Dividends declared and paid during the year were $27,500. At the end of the year, stockholders' equity totaled $471,900. Required: Calculate net income (or loss) for the year. Indicate the financial...
please explain in depth so i can see how to get there.. two
different ones
At the beginning of its current fiscal year, Willie Corp.'s balance sheet showed assets of $11,300 and liabilities of $6,900. During the year, liabilities decreased by $800. Net income for the year was $2,550, and net assets at the end of the year were $4,450. There were no changes in paid-in capital during the year. Required: Calculate the dividends, if any, declared during the year....
Can somone please explain how to graph this, please show work and
explain where you get the numbers. Thank you
Draw the that z 0 m at t = 08.(Figuro 1) graph for the velocity 1 o1 No elements selected r(m) y, (m/s) t (s) 10 12
Please show calculations so I would actually understand it thank
you so much.
Pacifica Papers Inc. needed to conserve cash, so instead of a cash dividend the board of directors declared a 5% common share dividend on June 30, 2020, distributable on July 15, 2020. Because performance during 2020 was better than expected, the company's board of directors declared a $0.95 per share cash dividend on November 15, 2020, payable on December 1, 2020, to shareholders of record on November...
Please show all steps so I can fully understand
how to solve. Thank you
The J&W Corporation's shareholders' equity as at December 31, 20x7 is as follows: Common shares, 1128 shares outstanding $40000 Preferred shares, $4.79, cumulative, 199 shares $15000 outstanding Retained Earnings $57182 The preferred share dividends were last paid on December 31, 20x4. It is now December 1, 20x8 and management wants to pay a dividend of $3.87 per common share. The company's 20x8 ending Retained Earnings balance...
please help me solve this and show how you solved it so i can get a
better understanding, thank you?
Solve e2x +et – 6=0.
please explain in depth so i can see how to
get there
The information presented here represents selected data from the December 31, 2019, balance sheets and income statements for the year then ended for three firms. Required: Calculate the missing amounts for each firm. Firm A Firm B $ 391,500 Firm C $ 468,000 184,500 126,000 72,000 49,500 Total assets, 12/31/19 Total liabilities, 12/31/19 Paid-in capital, 12/31/19 Retained earnings, 12/31/19 Net income for 2019 Dividends declared and paid during...
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