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.
-
Here is a pair of aromatic compounds that each have a complicated
set of aromatic peaks....
asked 12 minutes ago -
As with many public goods, determining the appropriate level of
government support for the production of...
asked 15 minutes ago -
Write a balanced chemical equation for the oxidation reaction
between Caro’s acid (H2SO5) and CN– ion...
asked 18 minutes ago -
Calculate the number of valence electrons for
[Mo(C6H6)(CO)3]
asked 28 minutes ago -
Which of the following are true about the strength of the
association between two variables?
1-...
asked 25 minutes ago -
You are a monopolist and know that your consumers have a linear
demand curve. At what...
asked 24 minutes ago -
Raising a heavy load requires work. Raising it in half the time
requires:
asked 30 minutes ago -
MGT-201: Marketing Management
Before deciding on the structure of the channel marketers must
take several factors...
asked 30 minutes ago -
1. ACLs allow a router to control traffic within a network. The
concept is very similar...
asked 31 minutes ago -
35. When the electron in a hydrogen atom falls from its first
excited energy level to...
asked 33 minutes ago -
A man is dragging a box of mass "m" by using a rope which rests
on...
asked 49 minutes ago -
Liquid octane
(CH3(CH2)6CH3) will
react with gaseous oxygen (O2) to produce gaseous carbon
dioxide (CO2) and...
asked 51 minutes ago