Webster Company has a beginning balance in Retained Earnings of $17,000. They earned a net income of $3,000 during the y...
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.)
Homework Answers
|
Ending retained earnings = Beginning retained earnings + Net income - Dividends paid = 17,000 + 3,000 - 6,000 = 14,000 |
|
| Comment if you face any issues |
Add Answer to:
Webster Company has a beginning balance in Retained Earnings of $17,000. They earned a net income of $3,000 during the y...
1. Calculate the cash dividends paid out to common stockholders based on the following information: Balance...
1. Calculate the cash dividends paid out to common stockholders based on the following information: Balance of retained earnings, December 31, 2016 = 411,000,000 Net Income for 2017 30,000,000 Dividends paid to preferred stockholders 1,000,000 Balance of retained earnings, December 31, 2017 375,000,000 2.XYZ Company has a cash balance of 7,000 and an accounts receivable balance of 2,000. Their accounts payable balance is 13,000 and the company incurred research and development expenses during the year of 3,000 which have already...
A company had a beginning balance in retained earnings of $43,600. It had net income of...
A company had a beginning balance in retained earnings of $43,600. It had net income of $6,600 and paid out cash dividends of $5,775 in the current period. The ending balance in retained earnings equals:
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
A company had a beginning balance in retained earnings of $430,000. It had net income of...
A company had a beginning balance in retained earnings of $430,000. It had net income of $60,000 and paid out cash dividends of $56,250 in the current period. The ending balance in retained earnings equals: $426,250. $433,750. $490,000. $546,250 $116,250
A company had a beginning balance in retained earnings of $44,300. It had net income of...
A company had a beginning balance in retained earnings of $44,300. It had net income of $7,300 and paid out cash dividends of $5,950 in the current period. The ending balance in retained earnings equals: Multiple Choice $45,650. $13,250. $42,950. $57,550. $5,950.
Hill Insurance Agency started the year with a beginning Retained Earnings balance of $24,500. During the...
Hill Insurance Agency started the year with a beginning Retained Earnings balance of $24,500. During the year, Hill Insurance Agency earned $33,000 of Service Revenue and incurred $24,000 of various expenses. Dividends of $16,000 from the business were paid to stockholders. After the closing entries are recorded and posted, what will be the balance of Retained Earnings? Post the beginning balance and closing entry amounts to the Retained Earnings account. Use a "Bal." posting reference to show the beginning and...
The beginning balance of Retained Earnings is $130,000 while the ending balance is $155,000
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?
A company had a beginning balance in retained earnings of $400,000. It had net income of...
A company had a beginning balance in retained earnings of $400,000. It had net income of $50,000 and declared and paid cash dividends of $55,000 in the current period. The ending balance in retained earnings equals: Multiple Choice O $505,000 о $455,000. о $350,000.
Question 9 The beginning balance of Retained Earnings is $55,000 while the ending balance is $75,000....
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?
The net income for our company this year is $20,000. The beginning and ending retained earnings...
The net income for our company this year is $20,000. The beginning and ending retained earnings balances were $36,000 and $50,000, respectively. The company issued no common stock. Calculate the amount of dividends paid by the company this year. $34,000 $14,000 $16,000 $6,000
A company had a beginning balance in retained earnings of $43,600. It had net income of $6,600 and paid out cash dividends of $5,775 in the current period. The ending balance in retained earnings equals:
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
A company had a beginning balance in retained earnings of $400,000. It had net income of $50,000 and declared and paid cash dividends of $55,000 in the current period. The ending balance in retained earnings equals: Multiple Choice O $505,000 о $455,000. о $350,000.
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?
Most questions answered within 3 hours.
-
1)In a test for the difference between two proportions, the
sample sizes were n1 = 79...
asked 9 minutes ago -
The
found acceleration of a knife dropping into peanut butter was 10
m/s^2. Does it make...
asked 4 minutes ago -
The hybrid orbitals of what molecule have the most p
character?
Methane
Ethylene
Acetylene
Benzene
asked 12 minutes ago -
In Chapter 21 we read about the nuances of establishing a
corporation in Delaware and why...
asked 11 minutes ago -
The following chart shows the data for the oxidation of a
substrate to enzyme. The reaction...
asked 39 minutes ago -
A proton travels through uniform magnetic and electric fields.
The magnetic field is in the negative...
asked 42 minutes ago -
In a closed resonance tube resonance occurs at odd multiples of
quarter wavelengths. What is the...
asked 47 minutes ago -
Discuss "Radical Reactions in Alkanes" giving one example. Your
explanation should include relevant mechanisms and reference...
asked 55 minutes ago -
What is the difference between a doubly and singly
linked list and what would this code...
asked 1 hour ago -
Two light sources are used in a photoelectric experiment to
determine the work function for a...
asked 1 hour ago -
What are the possible consequences of China's
continuing control of access to the internet?
asked 1 hour ago -
An apple at 30°C with average mass of 0.2 kg and average
specific heat of 3.65...
asked 1 hour ago