Statement of Retained Earnings
For the year ending December 31, 2017
Retained Earnings, beginning | 389,000 | |
Add:Net income | 291,000 | |
680,000 | ||
Less: | ||
Preferred dividends declared | 50,300 | |
Common dividends declared | 9,900 | |
- 60,200 | ||
Retained Earnings, ending | 619,800 |
Retained Earnings, ending = $619,800
Third option is correct.
Kindly give a positive rating if you are satisfied with the answer. Feel free to ask if you have any doubt. Thanks.
estion 16 the year ended December 31, 2017, Wildhorse Co. reported the following: $291000 50300 9900...
Multiple Choice Question 89 For the year ended December 31, 2017, Cullumber Company reported the following: Net Income $286200 Preferred dividends declared 48000 Common dividend declared 10400 Unrealized holding loss, net of tax 4500 Retained earnings, beginning balance 401000 Common stock 199200 Accumulated Other Comprehensive Income, Beginning Balance 24300 What would Cullumber report as total stockholders' equity? $628800 $600200 $847800 $828000 Click if you would like to show Work for this question: Open Show Work
For the year ended December 31, 2017, Game Inc. reported the following. A) What would Game report as the ending balance of retained earnings? B) Show how the Stockholders' Equity section of the balance sheet should look like. Net income $30,000 Preferred dividends declared $5,000 Common dividend declared $1,000 Unrealized holding loss, net of tax $500 Retained earnings, beginning balance $40,000 Common stock $20,000 Accumulated other comprehensive income, beginning balance $3,000
For the year ended December 31, 2017, Transformers Inc. reported the following: Net income $300,000 Preferred dividends declared 50,000 Common dividend declared 10,000 Unrealized holding loss, net of tax 5,000 Retained earnings 400,000 Common stock 200,000 Accumulated Other Comprehensive Income, Beginning Balance 25,000 What would Transformers report as its ending balance of Accumulated Other Comprehensive Income? a. $30,000 b. $25,000 c. $20,000 d. $5,000
89. For the year ended December 31, 2017, Transformers Inc. reported the following: Net income $300,000 Preferred dividends declared 50,000 Common dividend declared 10,000 Unrealized holding loss, net of tax 5,000 Retained earnings, beginning balance 400,000 Common stock 200,000 Accumulated Other Comprehensive Income, Beginning Balance 25,000 What would Transformers report as total stockholders' equity? a. $860,000 b. $840,000 c. $640,000 d. $600,000
For the year ended December 31, 2017, ABC Inc. reported the following: Net income $400,000 Common share dividend declared 20,000 Unrealized holding loss, net of tax 10,000 Retained earnings, beginning balance (unadjusted) 900,000 Common stock 200,000 Prior period adjustment (net of tax), Jan. 1, 2020 225,000 Accumulated Other Comprehensive Income, Beginning Balance 30,000 1) Prepare the statement of retained earnings for year ended december 31, 2017 2) Determine ABC Inc comprehensive income for the year ended december 31, 2017
For the year ended December 31, 2020, Buffalo Inc. reported the following: Net income $300,000 Preferred dividends declared 50,000 Common dividend declared 10,000 Unrealized holding loss, net of tax 5,000 Retained earnings, beginning balance 400,000 Common stock 200,000 Accumulated Other Comprehensive Income, Beginning Balance 25,000 What would Buffalo report as the ending balance of Retained Earnings? O $695,000 $665,000 $635,000 $640,000
Question text For the year ended December 31, 2020, Transformers Inc. reported the following: Net income $200,000 Preferred dividends declared 40,000 Unrealized holding loss, net of tax 2,000 Gain on foreign currency exchange, net of tax 5,000 Retained earnings 400,000 Accumulated Other Comprehensive Income, Beginning Balance 20,000 What would Transformers report as its ending balance of Accumulated Other Comprehensive Income? Select one: a. $23,000 b. $18,000 c. $220,000 d. $20,000 please explain how to solve problem. thank you
Exercise 1-17 This information is for Wildhorse Company for the year ended December 31, 2019. Cash received from revenues from customers $ 551,500 Cash received for issuance of common stock 280,000 Cash paid for new equipment 122,000 Cash dividends paid 19,500 Cash paid for expenses 450,000 Cash balance 1/1/19 30,000 Prepare the 2019 statement of cash flows for Wildhorse Company. (Show amounts that decrease Wildhorse Company Statement of Cash Flows Click if you would like to show Work for this...
System Announcements g. 16e CALCULATOR Exercise 4-16 Sandhill Co, reports the following information for 2017: sales revenue $762,800, cost of goods sold 5524,200, operating expenses 582,000, and an unrealed holding loss on avattable-for-sale securities for 2017 of $56,700. It declared and paid a cash dividend of $14,660 in 2017, Sandhill Co. has January 1, 2017, balances in common stock $368,700; accumulated other comprehensive income $87,500; and retained earnings 595,830. It issued no stock during 2017. Prepare a statement of stockholders'...
QUESTION 22 For the year ended December 31, 2020, Transformers Inc. reported the following: Net income $300,000 Dividends declared 60,000 Additional paid-in capital 10,000 Unearned revenue 5,000 Retained earnings, beginning balance 400,000 Common stock 200,000 Accumulated Other Comprehensive Income, Beginning Balance 25,000 What would Transformers report as the ending balance of Retained Earnings? $695,000 $665,000 $640,000 $645,000