Homework Answers
Solution:
True, although dividends are not an expense of a company, the still impact retained earnings because dividends are distribution profits and retained earnings is the balance of undistributed profits of the company. Once dividends are declared, retained earnings is reduced.
Add Answer to:
Although dividends are not an expense of a company, they still impact retained earnings. Select one:...
Retained earnings is Select one: O a. the sum of current year's earnings plus dividends paid...
Retained earnings is Select one: O a. the sum of current year's earnings plus dividends paid to owners O b. the sum of all earnings of a company to date O c. the sum of all earnings of a company to date, less dividends paid to shareholders d. the sum of all dividends paid to owners
The balance in the Dividends account is closed to the Retained Earnings account by debiting the...
The balance in the Dividends account is closed to the Retained Earnings account by debiting the Retained Earnings account and crediting the Dividends account. True False
Tim's Playhouse paid $255 in dividends and $220 in interest expense. The addition to retained earnings...
Tim's Playhouse paid $255 in dividends and $220 in interest expense. The addition to retained earnings is $325. The tax rate is 25 percent. Sales are $1,600, depreciation is $160, and there are other costs but you are not given this amount. What are the earnings before interest and taxes? O $773 O $965 $993 $1,440 O None of the above is correct.
The opening balance of retained earnings for a company was $1333638. During the year it earned...
The opening balance of retained earnings for a company was $1333638. During the year it earned a net income of $504382 and shareholders invested an additional $633517 for shares. The ending balance of retained earnings was $1596480. How much did the company pay out in dividends during the year? Select one: a. $0 O b. $875057 O c. $241540 od. $129135
True or False: During the closing process, retained earnings is closed to the dividends account.
True or False: During the closing process, retained earnings is closed to the dividends account.
during the closing process retained earnings is closed to the dividends account true or false
during the closing process retained earnings is closed to the dividends account true or false
Loma Company is a new company with a beginning retained earnings balance of zero. It has...
Loma Company is a new company with a beginning retained earnings balance of zero. It has the following account balances at the end of the first year of operations: Accounts Payable $37,000 Revenues $104,000 Salaries Expense $17,000 Dividends $8,000 Utilities Expense $14,000 Advertising Expense $10,000 Short-term Investments $20,000 Cash $81,000 Land $50,000 Common Stock $59,000 O A. $63,000 OB. $65,000 O c. $0 OD. $55,000 Accounts Payable Revenues Salaries Expense Dividends Utilities Expense Advertising Expense Short-term Investments Cash Land Common...
Managers monitor earnings per share (EPS) because Select one: A. retained earnings must be available for...
Managers monitor earnings per share (EPS) because Select one: A. retained earnings must be available for the payment of EPS. B. EPS is affected by dividends paid. C. investors use EPS as a basis in evaluating the firm's profitability. D. EPS should be used as a single broad measure of overall firm performance. . Mamantor Company had a debt to equity ratio of 0.600. The company received a loan. The effect of the transaction is Select one: A. the ratio...
The ledger of Flounder Company contains the following balances: Retained Earnings $30,500; Dividends $2,000; Service Revenue...
The ledger of Flounder Company contains the following balances:
Retained Earnings $30,500; Dividends $2,000; Service Revenue
$48,000; Salaries and Wages Expense $26,000; and Supplies Expense
$7,500. The closing entries are as follows: (1) Close revenue
accounts. (2) Close expense accounts. (3) Close net income/(loss).
(4) Close dividends. Enter the balances in the T-accounts, post the
closing entries in the order presented in the problem and use the
numbers as a reference.
Your answer is partially correct. Try again. The ledger...
True or False 14. Dividends paid to common shares have no impact on the calculation of...
True or False 14. Dividends paid to common shares have no impact on the calculation of earnings per share. True or False 15. Earnings per share indicates the net income earned for each share of common and preferred stock. True or False 16. A company can be earning net income, but still have a negative cash flow. True or False 17. Issuance of common stock is classified as an investing activity on the Cash Flow Statement. True or False 18....
Retained earnings is Select one: O a. the sum of current year's earnings plus dividends paid to owners O b. the sum of all earnings of a company to date O c. the sum of all earnings of a company to date, less dividends paid to shareholders d. the sum of all dividends paid to owners
The balance in the Dividends account is closed to the Retained Earnings account by debiting the Retained Earnings account and crediting the Dividends account. True False
Tim's Playhouse paid $255 in dividends and $220 in interest expense. The addition to retained earnings is $325. The tax rate is 25 percent. Sales are $1,600, depreciation is $160, and there are other costs but you are not given this amount. What are the earnings before interest and taxes? O $773 O $965 $993 $1,440 O None of the above is correct.
The opening balance of retained earnings for a company was $1333638. During the year it earned a net income of $504382 and shareholders invested an additional $633517 for shares. The ending balance of retained earnings was $1596480. How much did the company pay out in dividends during the year? Select one: a. $0 O b. $875057 O c. $241540 od. $129135
Loma Company is a new company with a beginning retained earnings balance of zero. It has the following account balances at the end of the first year of operations: Accounts Payable $37,000 Revenues $104,000 Salaries Expense $17,000 Dividends $8,000 Utilities Expense $14,000 Advertising Expense $10,000 Short-term Investments $20,000 Cash $81,000 Land $50,000 Common Stock $59,000 O A. $63,000 OB. $65,000 O c. $0 OD. $55,000 Accounts Payable Revenues Salaries Expense Dividends Utilities Expense Advertising Expense Short-term Investments Cash Land Common...
The ledger of Flounder Company contains the following balances:
Retained Earnings $30,500; Dividends $2,000; Service Revenue
$48,000; Salaries and Wages Expense $26,000; and Supplies Expense
$7,500. The closing entries are as follows: (1) Close revenue
accounts. (2) Close expense accounts. (3) Close net income/(loss).
(4) Close dividends. Enter the balances in the T-accounts, post the
closing entries in the order presented in the problem and use the
numbers as a reference.
Your answer is partially correct. Try again. The ledger...
Most questions answered within 3 hours.
-
Computer Programming II CS141(Java)
Mention the appropriate relationship between following
classes:
HOD–StaffMember
Car–Ferrari
Student-Address
BankAccount–FixedAccount
House-Building...
asked 1 hour ago -
Assume one of your finals has 50 questions on it, and
lucky for you, it's all...
asked 3 hours ago -
Rice Products in Bangladesh
Business behavior is derived in large part from the basic cultural
environment...
asked 4 hours ago -
The following base sequence is found for a mRNA fragment from
wild-type E. coli: 5'- UAUCAGUAGAUAAUGUAACC-3'...
asked 5 hours ago -
For this exercise, round all regression parameters to three
decimal places.
One of the two tables...
asked 5 hours ago -
What is the 5% level of significance for mean = 3.60, standard
deviation = 0.94, and...
asked 5 hours ago -
Prior to beginning work on this discussion, please read the
article by Hayley Peterson, 15 Companies...
asked 5 hours ago -
Which pair of aqueous solutions, when mixed, will form a
precipitate?
A) NaNO3 and AgC2H3O2
B)...
asked 6 hours ago -
1-Write an algorithm to get two numbers from the user (as
inputs) and calculate the sum...
asked 9 hours ago -
Define white-collar crime. What is the difference between
offender and offense-based definitions of white-collar crime? What...
asked 10 hours ago -
Consider a reaction which is 1st order with respect to A and 1st
order with respect...
asked 10 hours ago -
c++
The length of the hypotenuse of a right-angled triangle is the
square root of the...
asked 10 hours ago