Homework Answers
| Revenue | Expenses | RE opening | net income | Dividends | RE closing | |
| Year 1 | 20880 | 6,200 | 0 | 14,680 | 2,600 | 12,080 |
| year 2 | 7400 | 11,200 | 12,080 | -3,800 | 0 | 8,280 |
| year 3 | 47,400 | 26,200 | 8280 | 21,200 | 5,600 | 23,880 |
| year 4 | 110880 | 41,200 | 23880 | 69,680 | 10,600 | 82,960 |
| Revenue - expense = net income | ||||||
| Retained earnings = opening RE+ net income -divided | ||||||
| Net income | RE | |||||
| year 1 | 14,680 | 12,080 | ||||
| year2 | -3,800 | 8,280 | ||||
| year 3 | 21,200 | 23,880 | ||||
| year 4 | 69,680 | 82,960 | ||||
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Revise the given year end information in your spreadsheet with the following values, and then answer...
Dividends $ 2.600 Year 1 Year 2 Year 3 Year 4 Revenue $17,400 7,400 47, 400...
Dividends $ 2.600 Year 1 Year 2 Year 3 Year 4 Revenue $17,400 7,400 47, 400 92,400 Expenses $ 6,200 11,200 26,200 41,200 5,600 10,600 Required: 1. Complete the table below based on your spreadsheet results: (Negative amount should be indicated by a minus sign.) Year Net Income Retained Earnings
Dividends $ 2.600 Year 1 Year 2 Year 3 Year 4 Revenue $17,400 7,400 47, 400...
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Revise the given year end information in your spreadsheet with the following values, and then answer...
Revise the given year end information in your spreadsheet with the following values, and then answer the questions below: Dividends $ 2,850 Year 1 Year 2 Year 3 Year 4 Revenue $18,400 8 .400 48,400 93,400 Expenses $ 6,700 11,700 26,700 41,700 5,850 10,850 Required: 1. Complete the table below based on your spreadsheet results: (Negative amount should be indicated by a minus sign.) Year Net Income Retained Earnings < Prey 18 of 18 !!! Next > Required information 2....
Revise the given year end information in your spreadsheet with the following values, and then answer...
Revise the given year end information in your spreadsheet with the following values, and then answer the questions below: Dividends $ 2,400 Year 1 Year 2 Year 3 Year 4 Revenue $ 16,600 6 ,600 46,600 91,600 Expenses $ 5,800 10,800 25, 800 40,800 5,400 10,400 Required: 1. Complete the table below based on your spreadsheet results: (Negative amount should be indicated by a minus sign.) Year Net Income Retained Earnings 2. Assume revenues increase 20% in both Years 1...
Revise the given year end information in your spreadsheet with the following values, and then answer...
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Revise your Statement of Cash Flows based on the new information provided below and then answer...
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The following information is available for Amos Company for the year ended December 31, 2017. a....
The following information is available for Amos Company for the year ended December 31, 2017. a. Balance of retained earnings, December 31, 2016, prior to discovery of error, $867,000. b. Cash dividends declared and paid during 2017, $17,000. c. It neglected to record 2015 depreciation expense of $43,600, which is net of $5,600 in tax benefits. d. The company earned $217,000 in 2017 net income. Prepare a 2017 statement of retained earnings for Amos Company. (Amounts to be deducted should...
Can someone please show me the proper way to set up this spreadsheet Given the following information, prepare an income...
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Dividends $ 2.600 Year 1 Year 2 Year 3 Year 4 Revenue $17,400 7,400 47, 400 92,400 Expenses $ 6,200 11,200 26,200 41,200 5,600 10,600 Required: 1. Complete the table below based on your spreadsheet results: (Negative amount should be indicated by a minus sign.) Year Net Income Retained Earnings
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Revise the given year end information in your spreadsheet with the following values, and then answer the questions below: Dividends $ 2,850 Year 1 Year 2 Year 3 Year 4 Revenue $18,400 8 .400 48,400 93,400 Expenses $ 6,700 11,700 26,700 41,700 5,850 10,850 Required: 1. Complete the table below based on your spreadsheet results: (Negative amount should be indicated by a minus sign.) Year Net Income Retained Earnings < Prey 18 of 18 !!! Next > Required information 2....
Revise the given year end information in your spreadsheet with the following values, and then answer the questions below: Dividends $ 2,400 Year 1 Year 2 Year 3 Year 4 Revenue $ 16,600 6 ,600 46,600 91,600 Expenses $ 5,800 10,800 25, 800 40,800 5,400 10,400 Required: 1. Complete the table below based on your spreadsheet results: (Negative amount should be indicated by a minus sign.) Year Net Income Retained Earnings 2. Assume revenues increase 20% in both Years 1...
Revise the given year end information in your spreadsheet with the following values, and then answer the questions below: Dividends $ 2,700 Year 1 Year 2 Year 3 Year 4 Revenue $17,800 7,800 47,800 92,800 Expenses $ 6,480 11,400 26,400 41,400 5,700 10,700 Required: 1. Complete the table below based on your spreadsheet results: (Negative amount should be indicated by a minus sign.) Year Net Income Retained Earnings 1 2 4 2. Assume revenues increase 20% in both Years 1...
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