Beginning Retained Earnings are $ 79 comma 000 $79,000; sales are $ 31 comma 700 $31,700; expenses are $ 71 comma 000 $71,000 and dividends paid are $ 5 comma 700 $5,700. How much is the net income or loss for the company?
Net loss = $39,300
Working
Sales revenue | $ 31,700.00 |
Expenses | $ 71,000.00 |
Net income | $ (39,300.00) |
Beginning Retained Earnings are $ 79 comma 000 $79,000; sales are $ 31 comma 700 $31,700;...
A company had credit sales of $ 31 comma 000 and cash sales of $ 24 comma 000 during the month of May. Also during May, the company paid wages of $ 25 comma 000 and utilities of $ 11 comma 000. It also received payments from customers on account totaling $ 4 comma 400. What was the company's net income for the month?
6) Complete the following Retained Earnings Statement for the Sunset Sailboat Company. Information: Beginning Retained Earnings, $27,000; Net Income, $15,000; Common Stock Cash Dividends, $3,000; Prior Period Adjustment, the accountants missed a $2,500 expense from last year; Preferred Stock Cash Dividends, $2,000. Retained Earnings Statement Beginning Retained Earnings, January 1 Prior Period Adjustment Adjusted Retained Earnings Balance, January 1 Net Income (Loss) Less: Common Stock Cash Dividends Less: Preferred Stock Cash Dividends Ending Retained Earnings, December 31
QUESTION 7 Gemstar Corporation has beginning retained oamings of $343,000 and ending retained earnings of $388,000. What is the amount of dividends paid if the company earned a net income of $116,000? $62.000 $65.000 $68,000 $71,000 $74,000 QUESTIONS What is the cash flow of the firm, or (CFA for 2018? 44.000 21.000 4,300 Smurfit Company 2018 Income Statement Net als Cost of goods sold Selling general, and administrative expenses Depreciation Earnings before interest and taxes Interest Pretax income Taxes Not...
0 $17,100 Question 9 1 pts Chun Company reported a beginning balance in Retained Earnings of $12,600. They paid no dividends during 20X5. At the end of the year, there were debit entries to Retained Earnings totaling $305,200 and credit entries totaling $297,400. Net income or net loss for 20X5 was: $20,400 net income $20,400 net loss $7,800 net loss $4,800 net income $7,800 net income O Rent 800 expense Dividends 500 For this question only, assume that net income...
company had credit sales of $ 33 comma 000$33,000 and cash sales of $ 24 comma 000$24,000 during the month of May. Also during May, the company paid wages of $ 25 comma 000$25,000 and utilities of $ 10 comma 000$10,000. It also received payments from customers on account totaling $ 4 comma 400$4,400. What was the company's net income for the month?
if beginning retained earnings were $28,000, dividends were $25,000, and ending retained earnings was $12,000, how much was net income?
The beginning balance of Retained Earnings is $130,000 while the ending balance is $155,000. If $25,000 in dividends were paid out during the year, how much was net income?
Newcastle Enterprises had net income for 2018 of $ 112 comma 000. Newcastle had 36 comma 000 shares of common stock outstanding at the beginning of the year and 50 comma 000 shares of common stock outstanding at the end of the year. There were 10 comma 000 shares of preferred stock outstanding all year. During 2018, Newcastle declared and paid preferred dividends of $ 27 comma 000. What is Newcastle's earnings per share? (Round the answer to two decimal...
Webster Company has a beginning balance in Retained Earnings of $17,000. They earned a net income of $3,000 during the year and paid out $6,000 in dividends. What is the ending balance in Webster Companies Retained Earnings account at the end of the year? (Answer in whole $s without the $ sign or comma, i.e. 12345.)
Question 9 The beginning balance of Retained Earnings is $55,000 while the ending balance is $75,000. If $15,000 in dividends were paid out during the year, how much was net income?