Homework Answers
| Volunteers Inc | Raiders Inc | |||
| ($ in Millions) | ($ in Millions) | |||
| Net | Retained | Net | Retained | |
| Year | Income(Loss) | Earnings | Income(Loss) | Earnings |
| 2009 | - | 0 | 35 | 10 |
| 2010 | 10 | 10 | -63 | -53 |
| 2011 | -5 | 5 | 60 | 7 |
| 2012 | 21 | 26 | 43 | 50 |
| 2013 | 115 | 141 | 82 | 132 |
| 2014 | 10 | 151 | 115 | 247 |
| 2015 | -151 | 0 | -82 | 165 |
| 2016 | 557 | 557 | 54 | 219 |
| 2017 | 339 | 896 | 90 | 309 |
| 2018 | 340 | 1236 | 142 | 451 |
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Below are the restated amounts of net income and retained earnings for Volunteers Inc. and Raiders...
Below are the restated amounts of net income and retained earnings for Volunteers Inc. and Raiders...
Below are the restated amounts of net income and retained earnings for Volunteers Inc. and Raiders Inc. for the period 2009-2018. Volunteers began operations in 2010, while Raiders began several years earlier. Required: Calculate the balance of retained earnings each year for each company. Neither company paid dividends during this time. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Year 2009 VOLUNTEERS INC. RAIDERS INC. ($ in millions) ($ in millions) Net Retained Net Retained Income...
Below are the restated amounts of net income and retained earnings for Volunteers Inc and Raiders...
Below are the restated amounts of net income and retained
earnings for Volunteers Inc and Raiders for the period 2012-2021
Volunteers began operations in 2013, while Raiders began several
years earlier Required : Calculate the balance of retained earnings
each year for each companyNeither company paid dividends during
this time. (Enter your answers in millions (ie10,000,000 should be
entered 10). Amounts to be deducted should be indicated by minus
sign.)
Below are the restated amounts of net income and retained...
meWUIR Cldple 3 Below are the restated amounts of net income and retained earnings for Volunteers...
meWUIR Cldple 3 Below are the restated amounts of net income and retained earnings for Volunteers Inc. and Raiders Inc. for the period 2009-2018 Volunteers began operations in 2010, while Raiders began several years earlier. Required: Calculate the balance of retained earnings each year for each company. Neither company paid dividends during this time. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) VOLUNTEERS INC. RAIDERS INC. (5 in millions) (S in millions) Net Retained Net Retained...
Below are the restated amounts of net income and retained earnings for Volunteers Inc. and Raiders...
Below are the restated amounts of net income and retained
earnings for Volunteers Inc. and Raiders Inc. for the period
2012–2021. Volunteers began operations in 2013, while Raiders began
several years earlier.
Required:
Calculate the balance of retained earnings each year for each
company. Neither company paid dividends during this time.
please help me with my homework.
Required: Calculate the balance of retained earnings each year for each company. Neither company paid dividends during this time. (Enter your answers...
Check my work Exercise 3-15A Calculate the balance of retained earnings (LO3-5) Below are the restated...
Check my work Exercise 3-15A Calculate the balance of retained earnings (LO3-5) Below are the restated amounts of net income and retained earnings for Volunteers Inc. and Raiders Inc. for the period 2012-2021. Volunteers began operations in 2013, while Raiders began several years earlier. Required: Calculate the balance of retained earnings each year for each company. Neither company paid dividends during this time. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10). Amounts to be deducted should...
Colgate-Palmolive Company reports the following balances in its retained earnings. ($ millions) 2013 2012 Retained earnings...
Colgate-Palmolive Company reports the following balances in its retained earnings. ($ millions) 2013 2012 Retained earnings $14,329 $13,157 During 2013, Colgate-Palmolive reported net income of $2,211 million. a. Assume that the only changes affecting retained earnings were net income and dividends. What amount of dividends did Colgate-Palmolive pay to its shareholders in 2013? $Answer million b. This dividend amount constituted what percent of its net income? (Round your answer to one decimal place.) Answer%
E22-9 (し02.3) (Change in Estimate and Error; Financial Statements) Presented below are the comparative income and retained earnings statements for Denise Habbe Inc. for the years 2017 and 2018 2018...
E22-9 (し02.3) (Change in Estimate and Error; Financial Statements) Presented below are the comparative income and retained earnings statements for Denise Habbe Inc. for the years 2017 and 2018 2018 $340,000 200,000 140,000 88,000 $ 52,000 2017 $270,000 142,000 128,000 50,000 $78,000 $ 72,000 78,000 (25,000) $125,000 Sales Cost of sales Gross profit Expenses Net income Retained earnings (Jan. 1) Net income Dividends $125,000 52,000 (30,000) $147,000 Retained earnings (Dec. 31) The following additional information is provided 1. In 2018,...
Retained Earnings Statement, Prior Period Adjustment
P4-6 (Retained Earnings Statement, Prior Period Adjustment) Below is the Retained Earnings account for the year 2012 for Acadian Corp.Retained earnings, January 1, 2012 $257,600Add:Gain on sale of investments (net of tax) $41,200Net income 84,500Refund on litigation with government, related to the year 2009 (net of tax) 21,600Recognition of income earned in 2011, but omitted from income statementin that year (net of tax) 25,400 172,700430,300Deduct:Loss on discontinued operations (net of tax) 35,000Write-off of goodwill (net of tax) 60,000Cumulative effect on...
Assume the following: retained earnings 2018=$75 million; retained earnings 2017 =$ 63 million; net income =$22...
Assume the following: retained earnings 2018=$75 million; retained earnings 2017 =$ 63 million; net income =$22 million. what was a the amount of dividend paid in 2018?
Presented below are the comparative income and retained earnings statements for Carla Inc. for the years...
Presented below are the comparative income and retained earnings statements for Carla Inc. for the years 2017 and 2018 2018 2017 $328,000 212,000 116,000 87,100 $28,900 $101,900 28,900 $255,000 151,000 104,000 50,700 $53,300 $75,700 53,300 (27,100) $101,900 Sales Cost of sales Gross profit Net income Retained ernings Dan. 1) Net income Dividends Retained earnings (Dec. 31) (31,300) $99,500 The following additional information is provided: 1. In 2018, Carla Inc. decided to switch its depreciation method from sum-of-the-years' digits to the...
Below are the restated amounts of net income and retained earnings for Volunteers Inc. and Raiders Inc. for the period 2009-2018. Volunteers began operations in 2010, while Raiders began several years earlier. Required: Calculate the balance of retained earnings each year for each company. Neither company paid dividends during this time. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Year 2009 VOLUNTEERS INC. RAIDERS INC. ($ in millions) ($ in millions) Net Retained Net Retained Income...
Below are the restated amounts of net income and retained
earnings for Volunteers Inc and Raiders for the period 2012-2021
Volunteers began operations in 2013, while Raiders began several
years earlier Required : Calculate the balance of retained earnings
each year for each companyNeither company paid dividends during
this time. (Enter your answers in millions (ie10,000,000 should be
entered 10). Amounts to be deducted should be indicated by minus
sign.)
Below are the restated amounts of net income and retained...
meWUIR Cldple 3 Below are the restated amounts of net income and retained earnings for Volunteers Inc. and Raiders Inc. for the period 2009-2018 Volunteers began operations in 2010, while Raiders began several years earlier. Required: Calculate the balance of retained earnings each year for each company. Neither company paid dividends during this time. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) VOLUNTEERS INC. RAIDERS INC. (5 in millions) (S in millions) Net Retained Net Retained...
Below are the restated amounts of net income and retained
earnings for Volunteers Inc. and Raiders Inc. for the period
2012–2021. Volunteers began operations in 2013, while Raiders began
several years earlier.
Required:
Calculate the balance of retained earnings each year for each
company. Neither company paid dividends during this time.
please help me with my homework.
Required: Calculate the balance of retained earnings each year for each company. Neither company paid dividends during this time. (Enter your answers...
Check my work Exercise 3-15A Calculate the balance of retained earnings (LO3-5) Below are the restated amounts of net income and retained earnings for Volunteers Inc. and Raiders Inc. for the period 2012-2021. Volunteers began operations in 2013, while Raiders began several years earlier. Required: Calculate the balance of retained earnings each year for each company. Neither company paid dividends during this time. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10). Amounts to be deducted should...
E22-9 (し02.3) (Change in Estimate and Error; Financial Statements) Presented below are the comparative income and retained earnings statements for Denise Habbe Inc. for the years 2017 and 2018 2018 $340,000 200,000 140,000 88,000 $ 52,000 2017 $270,000 142,000 128,000 50,000 $78,000 $ 72,000 78,000 (25,000) $125,000 Sales Cost of sales Gross profit Expenses Net income Retained earnings (Jan. 1) Net income Dividends $125,000 52,000 (30,000) $147,000 Retained earnings (Dec. 31) The following additional information is provided 1. In 2018,...
Presented below are the comparative income and retained earnings statements for Carla Inc. for the years 2017 and 2018 2018 2017 $328,000 212,000 116,000 87,100 $28,900 $101,900 28,900 $255,000 151,000 104,000 50,700 $53,300 $75,700 53,300 (27,100) $101,900 Sales Cost of sales Gross profit Net income Retained ernings Dan. 1) Net income Dividends Retained earnings (Dec. 31) (31,300) $99,500 The following additional information is provided: 1. In 2018, Carla Inc. decided to switch its depreciation method from sum-of-the-years' digits to the...
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