Henson Company began the year with retained earnings of $350,000. During the year, the company recorded...
Henson Company began the year with retained earnings of $350,000. During the year, the company recorded revenues of $500,000, expenses of $380,000, and paid dividends of $905. What was Henson's retained earnings at the end of the year?
Homework Answers
Ending retained earnings = Beginning retained earning+Net income-Dividend
= 350000+(500000-380000)-905
Ending retained earnings = 469095
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Henson Company began the year with retained earnings of
$350,000. During the year, the company recorded...
Henson Company began the year with retained earnings of $380,000. During the year, the company issued...
Henson Company began the year with retained earnings of $380,000. During the year, the company issued stock for $800,000, purchased a building for $650,000, recorded revenues of $500,000, disclosed expenses of $380,000, and paid dividends of $40,000. What was Henson’s retained earnings at the end of the year? a. $540,000 b. $460,000 c. $840,000 d. $500,000 Please explain
Question 4 2 pts Stetson Company began the year with retained earnings of $380,000. During the...
Question 4 2 pts Stetson Company began the year with retained earnings of $380,000. During the year, the company recorded revenues of $500,000, expenses of $380,000, and paid dividends of $40,000. What was Stetson's retained earnings balance at the end of the year? $460,000 $500,000 $540,000 $840,000
Question 6 2 pts C. Daniel Company began the year 2025 with retained earnings of $670,000....
Question 6 2 pts C. Daniel Company began the year 2025 with retained earnings of $670,000. During the year, the company sold additional shares of stock for $1,000,000, recorded revenues of $600,000, expenses of $380,000, and paid dividends of $140,000. What was C. Daniel's retained earnings balance at the end of 2025? $750,000 $1,030,000 $1,130,000 $600,000 • Previous Next →
answer each question with an explnation of each answer please the rest of question 11 9....
answer each question with an explnation of each answer
please
the rest of question 11
9. Multiple Choice Question 102 Which of the following statements is true? a. Amounts received from issuing stock are revenues. b. Amounts received from issued stock are reported on the income statement. Amounts paid out as dividends are not expenses. Amounts paid out as dividends are reported on the income statement. C. d. Answer: 10. Multiple Choice Question 112 An income statement I reports the...
Multiple Choice Question 119 Marigold Corp. began the year with retained earnings of $407000. During the...
Multiple Choice Question 119 Marigold Corp. began the year with retained earnings of $407000. During the year, the company recorded revenues of $502000, expenses of $382000, and paid dividends of $39500. What was Marigold's retained earnings balance at the end of the year? $487500 $841500 $502000 $541500
Nashs Trading Post C began the year with retained earnings of $380000. During the year, the...
Nashs Trading Post C began the year with retained earnings of $380000. During the year, the company recorded revenues of $480000 openses of $375000, and paid dividends of $35000 What was retired earnings at the end of the year? 5480000 $450000
Vaughn Manufacturing began the year with retained earnings of $939000. During the year, the company issued...
Vaughn Manufacturing began the year with retained earnings of $939000. During the year, the company issued $1308000 of common stock, recorded expenses of $3645000, and paid dividends of $242000. If Vaughn ending retained earnings was $999000, what was the company’s revenue for the year?
Question 6 2 pt Henderson Company began the year with retained earnings of $100,000. During 2025,...
Question 6 2 pt Henderson Company began the year with retained earnings of $100,000. During 2025, the company issued $80,000 of common stock for cash. The company recorded revenues of $740,000, expenses of $640,000, and paid dividends of $40,000. What was Finney's net income for the year 2025? $60,000 $140,000 $180,000 $100,000
Question 7 View Policies Current Attempt in Progress Metlock, Inc. began the year with retained earnings...
Question 7 View Policies Current Attempt in Progress Metlock, Inc. began the year with retained earnings of $402000. During the year, the company recorded revenues of $487000, expenses of $384000, and paid dividends of $38500. What was Metlock retained earnings at the end of the year? $525500 $825500 $487000 $466500
Bramble Corp. began the year with retained earnings of $313000. During the year, the company issued...
Bramble Corp. began the year with retained earnings of $313000. During the year, the company issued $418000 of common stock, recorded expenses of $1167000, and paid dividends of $76300. If Bramble's ending retained earnings was $333000, what was the company's revenue for the year? O $1681300 $1187000 $1263300 $1605000 Click if you would like to show Work for this questioni Open Show Work Question Attempts of 1 used
Question 4 2 pts Stetson Company began the year with retained earnings of $380,000. During the year, the company recorded revenues of $500,000, expenses of $380,000, and paid dividends of $40,000. What was Stetson's retained earnings balance at the end of the year? $460,000 $500,000 $540,000 $840,000
Question 6 2 pts C. Daniel Company began the year 2025 with retained earnings of $670,000. During the year, the company sold additional shares of stock for $1,000,000, recorded revenues of $600,000, expenses of $380,000, and paid dividends of $140,000. What was C. Daniel's retained earnings balance at the end of 2025? $750,000 $1,030,000 $1,130,000 $600,000 • Previous Next →
answer each question with an explnation of each answer
please
the rest of question 11
9. Multiple Choice Question 102 Which of the following statements is true? a. Amounts received from issuing stock are revenues. b. Amounts received from issued stock are reported on the income statement. Amounts paid out as dividends are not expenses. Amounts paid out as dividends are reported on the income statement. C. d. Answer: 10. Multiple Choice Question 112 An income statement I reports the...
Multiple Choice Question 119 Marigold Corp. began the year with retained earnings of $407000. During the year, the company recorded revenues of $502000, expenses of $382000, and paid dividends of $39500. What was Marigold's retained earnings balance at the end of the year? $487500 $841500 $502000 $541500
Nashs Trading Post C began the year with retained earnings of $380000. During the year, the company recorded revenues of $480000 openses of $375000, and paid dividends of $35000 What was retired earnings at the end of the year? 5480000 $450000
Question 6 2 pt Henderson Company began the year with retained earnings of $100,000. During 2025, the company issued $80,000 of common stock for cash. The company recorded revenues of $740,000, expenses of $640,000, and paid dividends of $40,000. What was Finney's net income for the year 2025? $60,000 $140,000 $180,000 $100,000
Question 7 View Policies Current Attempt in Progress Metlock, Inc. began the year with retained earnings of $402000. During the year, the company recorded revenues of $487000, expenses of $384000, and paid dividends of $38500. What was Metlock retained earnings at the end of the year? $525500 $825500 $487000 $466500
Bramble Corp. began the year with retained earnings of $313000. During the year, the company issued $418000 of common stock, recorded expenses of $1167000, and paid dividends of $76300. If Bramble's ending retained earnings was $333000, what was the company's revenue for the year? O $1681300 $1187000 $1263300 $1605000 Click if you would like to show Work for this questioni Open Show Work Question Attempts of 1 used
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