retained earnings is increased by each of the following except a.net income b.some disposals of treasury...
retained earnings is increased by each of the following except
a.net income
b.some disposals of treasury stock below cost
c.prior period adjustments
d.all of these increase retained earnings
Homework Answers
If the treasury stocks are sold below cost, there is a loss on such sale. Such loss reduces the Retained earnings balance.
Option b. Some disposals of treasury stock below cost
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retained earnings is increased by each of the following
except
a.net income
b.some disposals of treasury...
1) All of the following statements about retained earnings are true except a.retained earnings are increased...
1) All of the following statements about retained earnings are true except a.retained earnings are increased when a company has net income. b.retained earnings are sometimes referred to as "earnings retained for use in the business." c.retained earnings represent surplus cash. d.retained earnings are decreased when a company declares a dividend. 2) Which of the following statements is true concerning stock splits? a.The total number of shares outstanding does not change after the stock split. b.Stock splits require journal entries...
In Ramon Company, Treasury Stock increased $20.000 from a cash purchase and Retained Earnings increased $80,000...
In Ramon Company, Treasury Stock increased $20.000 from a cash purchase and Retained Earnings increased $80,000 as a result of net income of $120,000 and cash dividends paid of $40,000. Ramon also purchased $100,000 of plant assets with cash. Net cash in/outflows from financing activities is/are: O A $20,000 B. $120,000 OC. $40,000 OD $60,000
Question 1 (4 points) Each of the following accounts is closed to Retained Earnings except a....
Question 1 (4 points) Each of the following accounts is closed to Retained Earnings except a. Expenses. b. Income Summary c. Dividends. d. All of these are closed Retained Earnings. Question 7 (4 points) The financial figures on the financial statements are equal to the a. Trial balance columns on the worksheet. O b. Adjustments columns on the worksheet. c. Adjusted trial balance columns on the worksheet. d. None of the above.
Retained Earnings Statement Rolt Company began 2016 with a $150,000 balance in retained earnings. During the...
Retained Earnings Statement Rolt Company began 2016 with a $150,000 balance in retained earnings. During the year, the following events occurred: The company earned net income of $83,000. A material error in net income from a previous period was corrected. This error correction increased retained earnings by $7,350 after related income taxes of $3,150. Cash dividends totaling $13,000 and stock dividends totaling $19,000 were declared. One thousand shares of callable preferred stock that originally had been issued at $105 per...
Indicate No effect, Increase, or Decrease each of the following on Retained Earnings 1 Payment of...
Indicate No effect, Increase, or Decrease each of the following on Retained Earnings 1 Payment of cash dividends on a date different from declaration 2 Sale of Treasury Stock below cost and current PIC—Treasury Stock is zero 3 Declaration of Property Dividends 4 Acquisition of Treasury Stock 5 Stock split Effected in the Form of a Stock Dividend 6 2 for 1 Split 7 Issuance of shares of preferred stock for cash 8 Issuance of shares of common stock for...
IFRS treats the purchase of treasury stock as any of the following except A) a decrease...
IFRS treats the purchase of treasury stock as any of the following except A) a decrease to share premium. B) an increase to a contra equity account. C) a decrease to retained earnings D) a decrease to share capital.
Question 10 The sale of treasury stock cannot result in an increase in Retained Earnings, the...
Question 10 The sale of treasury stock cannot result in an increase in Retained Earnings, the crediting of Paid-in Capital, Treasury Stock. the debiting of Paid-in Capital, Treasury Stock. an increase in total stockholders' equity.
Which of the following items could not impact the balance in Retained Earnings? A) Net Income...
Which of the following items could not impact the balance in Retained Earnings? A) Net Income B) Net Loss C) Declaration of dividends D) Treasury Stock sold at or above cost
Which one of the following transactions always causes a decrease to retained earnings? Selling treasury stock...
Which one of the following transactions always causes a decrease to retained earnings? Selling treasury stock Incurring net income for the period Declaring a stock dividend Paying a cash dividend that was previously declared D Question 13 2 pts Which one of the following is an effect when a company buys back its own shares of stock Leverage is not affected. It will pay more dividends. It will have a higher debt/equity ratio. Fixed assets will decrease.
T or F: Retained Earnings – The beginning account balance is increased for Net Income and...
T or F: Retained Earnings – The beginning account balance is increased for Net Income and decreased for payment of dividends to arrive at the ending balance for the accounting period. (If false, identify and correct the error.)
In Ramon Company, Treasury Stock increased $20.000 from a cash purchase and Retained Earnings increased $80,000 as a result of net income of $120,000 and cash dividends paid of $40,000. Ramon also purchased $100,000 of plant assets with cash. Net cash in/outflows from financing activities is/are: O A $20,000 B. $120,000 OC. $40,000 OD $60,000
Question 1 (4 points) Each of the following accounts is closed to Retained Earnings except a. Expenses. b. Income Summary c. Dividends. d. All of these are closed Retained Earnings. Question 7 (4 points) The financial figures on the financial statements are equal to the a. Trial balance columns on the worksheet. O b. Adjustments columns on the worksheet. c. Adjusted trial balance columns on the worksheet. d. None of the above.
Question 10 The sale of treasury stock cannot result in an increase in Retained Earnings, the crediting of Paid-in Capital, Treasury Stock. the debiting of Paid-in Capital, Treasury Stock. an increase in total stockholders' equity.
Which one of the following transactions always causes a decrease to retained earnings? Selling treasury stock Incurring net income for the period Declaring a stock dividend Paying a cash dividend that was previously declared D Question 13 2 pts Which one of the following is an effect when a company buys back its own shares of stock Leverage is not affected. It will pay more dividends. It will have a higher debt/equity ratio. Fixed assets will decrease.
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