Homework Answers
|
1 |
80 (100-20) |
|
2 a |
Revenues and expenses |
|
2 b |
30 |
|
2 c |
170 (80+120-30) |
|
2 d |
Year 1 retained earnings, year 2 net income and year 2 dividend |
|
3 a |
150 |
|
3 b |
40 |
|
3 c |
280 (170+150-40) |
|
3 d |
Year 2 retained earnings, year 3 net income and year 3 dividend |
Ending balance of retained = beginning retained earnings + net income - dividend
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CHCCR my w Presented in the bar charts are three columns for each of the first...
Presented in the bar charts are three columns for each of the first three years of...
Presented in the bar charts are three columns for each of the first three years of a company's operations. The three columns represent amounts reported at the end of each year – net income (left), dividends (middle), and retained earnings (right). Examine the graphs and respond to the following questions. Net Income, Dividends, and Retained Earnings $300 $250 110 $200 $150 90 90 $100 150 120 $50 100 80 80 80 40 30 20 $0 NI Div RE NI Div...
Net Income, Dividends, and Retained Earnings $300 $250 110 $200 $150 90 90 $100 150 120...
Net Income, Dividends, and Retained Earnings $300 $250 110 $200 $150 90 90 $100 150 120 $50 100 80 80 80 20 30 40 $0 NI Div RE NI Div RE NI Div RE Year 1 Year 2 Year 3 1. What is the amount of Retained Earnings at the end of Year 1? 2a. At the end of Year 2, the company reports Net Income of $120. This amount includes: 2b. What amount of dividends did the company declare...
2a) chosse one: - revenue minus Expense in Year 2 only or - revenue minus Expense...
2a) chosse one:
- revenue minus Expense in Year 2 only or
- revenue minus Expense in Year 1 only
2c) what is the ending balance of Retained Endings in Year
2?
3c) what is the ending balance of Retained Earnings in Year
3?
Net Income, Dividends, and Retained Earnings $300 $250 $200 $150 $100 150 $50 20 $0 NI Div RE Year 1 NI Div RE Year 2 NI Div RE Year 3 Required: 1. What is the amount...
Please help with 2 and 3. Thank you! 2. ABC, Inc. has 4,000 shares of 6%,...
Please help with 2 and 3. Thank you!
2. ABC, Inc. has 4,000 shares of 6%, $50 par value cumulative preferred stock issued at the beginning of 2016 and 200 shares of cumulative preferred Treasury Stock. All remaining shares are common stock. Due to cash flow difficulties, the company was not able to pay dividends in 2016. The company plans to pay total dividends of $20,000 in 2017. How much of the $20,000 dividend will be paid to preferred stockholders...
The records of Meehan Company show the following at December 31, 2018: '(Click the icon to...
The records of Meehan Company show the following at December 31, 2018: '(Click the icon to view the data.) 3. Print Read the requirements. Requirement 1. Compute the missing amount for Meehan Company. You will need to determine Retained Eamings, December 31,2018, and total stockholders' equity, December 31,2018. Begin by determining total stockholders' equity. Rework the accounting equation and then solve for stockholders' equity ("equity") at the beginning and end of the period. (1) (2) Equlty Beginning Ending Identify the...
The following Information pertains to Alpha Computing at the end of 2021 Liabilities Net Income Common...
The following Information pertains to Alpha Computing at the end of 2021 Liabilities Net Income Common Stock $965,000 $462,500 $182,500 $385,000 Alpha Computing's Retained Earnings account had a zero balance at the beginning of 2021. What amount of dividends did the company declare in 2021? $66,000 $67,000 $68,000 $65.000
MC Qu. 40 (LO10-5) In its first three years of operations, a company... In its first...
MC Qu. 40 (LO10-5) In its first three years of operations, a company... In its first three years of operations, a company has net income of $2.000.$5,000 and $8.000. It also pays dividends of $1000 in the second year, and $3,000 in the third year. What is the balance of Retained Earnings at the end of the third year? Multiple Choice 55.000 о SLOO O $95.000 O 34000
Question 9 A company had the following revenues, expenses and dividends in its first three years...
Question 9 A company had the following revenues, expenses and dividends in its first three years of operations: Year 3 Year 1 Year 2 $12,000 $20,000 $30,000 Revenues $7,500 $14,000 $21,500 Expenses $1,000 $2,000 $3,000 Dividends What is the balance in Retained Earnings at the end of the first year? Question 10 A company had the following revenues, expenses and dividends in its first three years of operations: Year 3 Year 1 Year 2 $30,000 Revenues $12,000 $20,000 $7,500 $14,000...
Im having problems finding Required D, Retained Earnings. Three different companies each purchased trucks on January...
Im
having problems finding Required D, Retained Earnings.
Three different companies each purchased trucks on January 1, Year 1, for $78,000. Each truck was expected to last four years or 250,000 miles. Salvage value was estimated to be $5,000. All three trucks were driven 82,000 miles in Year 1,52,000 miles in Year 2 47,000 miles in Year 3 and 72,000 miles in Year 4. Each of the three companies earned $67,000 of cash revenue during each of the four years....
Required: Below are approximate amounts related to retained earnings reported by five companies in previous years....
Required: Below are approximate amounts related to retained earnings reported by five companies in previous years. 1. A company reports an increase in retained earnings of $1.3 billion and net income of $3.1 billion. What is the amount of dividends? 2. A company reports an increase in retained earnings of $1.5 billion and dividends of $0.7 billion. What is the amount of net income? 3. A company reports an increase in retained earnings of $1.41 billion and net income of...
Presented in the bar charts are three columns for each of the first three years of a company's operations. The three columns represent amounts reported at the end of each year – net income (left), dividends (middle), and retained earnings (right). Examine the graphs and respond to the following questions. Net Income, Dividends, and Retained Earnings $300 $250 110 $200 $150 90 90 $100 150 120 $50 100 80 80 80 40 30 20 $0 NI Div RE NI Div...
Net Income, Dividends, and Retained Earnings $300 $250 110 $200 $150 90 90 $100 150 120 $50 100 80 80 80 20 30 40 $0 NI Div RE NI Div RE NI Div RE Year 1 Year 2 Year 3 1. What is the amount of Retained Earnings at the end of Year 1? 2a. At the end of Year 2, the company reports Net Income of $120. This amount includes: 2b. What amount of dividends did the company declare...
2a) chosse one:
- revenue minus Expense in Year 2 only or
- revenue minus Expense in Year 1 only
2c) what is the ending balance of Retained Endings in Year
2?
3c) what is the ending balance of Retained Earnings in Year
3?
Net Income, Dividends, and Retained Earnings $300 $250 $200 $150 $100 150 $50 20 $0 NI Div RE Year 1 NI Div RE Year 2 NI Div RE Year 3 Required: 1. What is the amount...
Please help with 2 and 3. Thank you!
2. ABC, Inc. has 4,000 shares of 6%, $50 par value cumulative preferred stock issued at the beginning of 2016 and 200 shares of cumulative preferred Treasury Stock. All remaining shares are common stock. Due to cash flow difficulties, the company was not able to pay dividends in 2016. The company plans to pay total dividends of $20,000 in 2017. How much of the $20,000 dividend will be paid to preferred stockholders...
The records of Meehan Company show the following at December 31, 2018: '(Click the icon to view the data.) 3. Print Read the requirements. Requirement 1. Compute the missing amount for Meehan Company. You will need to determine Retained Eamings, December 31,2018, and total stockholders' equity, December 31,2018. Begin by determining total stockholders' equity. Rework the accounting equation and then solve for stockholders' equity ("equity") at the beginning and end of the period. (1) (2) Equlty Beginning Ending Identify the...
The following Information pertains to Alpha Computing at the end of 2021 Liabilities Net Income Common Stock $965,000 $462,500 $182,500 $385,000 Alpha Computing's Retained Earnings account had a zero balance at the beginning of 2021. What amount of dividends did the company declare in 2021? $66,000 $67,000 $68,000 $65.000
MC Qu. 40 (LO10-5) In its first three years of operations, a company... In its first three years of operations, a company has net income of $2.000.$5,000 and $8.000. It also pays dividends of $1000 in the second year, and $3,000 in the third year. What is the balance of Retained Earnings at the end of the third year? Multiple Choice 55.000 о SLOO O $95.000 O 34000
Question 9 A company had the following revenues, expenses and dividends in its first three years of operations: Year 3 Year 1 Year 2 $12,000 $20,000 $30,000 Revenues $7,500 $14,000 $21,500 Expenses $1,000 $2,000 $3,000 Dividends What is the balance in Retained Earnings at the end of the first year? Question 10 A company had the following revenues, expenses and dividends in its first three years of operations: Year 3 Year 1 Year 2 $30,000 Revenues $12,000 $20,000 $7,500 $14,000...
Im
having problems finding Required D, Retained Earnings.
Three different companies each purchased trucks on January 1, Year 1, for $78,000. Each truck was expected to last four years or 250,000 miles. Salvage value was estimated to be $5,000. All three trucks were driven 82,000 miles in Year 1,52,000 miles in Year 2 47,000 miles in Year 3 and 72,000 miles in Year 4. Each of the three companies earned $67,000 of cash revenue during each of the four years....
Required: Below are approximate amounts related to retained earnings reported by five companies in previous years. 1. A company reports an increase in retained earnings of $1.3 billion and net income of $3.1 billion. What is the amount of dividends? 2. A company reports an increase in retained earnings of $1.5 billion and dividends of $0.7 billion. What is the amount of net income? 3. A company reports an increase in retained earnings of $1.41 billion and net income of...
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