Homework Answers
| STOCKHOLDERS' EQUITY | ||
| Paid in capital: | ||
| Common stock, $45 Par (80000 shares authorized, 10700 shares issued) | 481500 | |
| Excess over par | 12840 | |
| Paid in capital-common stock | 494340 | |
| From sale of treasury stock | 19800 | |
| Total paid in capital | 514140 | |
| Retained earnings | 756000 | |
| Total | 1270140 | |
| Less: Treasury stock (525 shares) | 9975 | |
| Total stockholders' equity | 1260165 | |
From the data given below, calculate the Retained Earnings balance of December 31, 2019. Retained earnings,...
From the data given below, calculate the Retained Earnings balance of December 31, 2019. Retained earnings, December 31, 2020 $ 345,000 Increase in total liabilities during 2020 99,000 Gain on the sale of buildings during 2020 42,000 Dividends declared and paid in 2020 27,000 Proceeds from sale of common stock in 2020 96,000 Net income for the year ended December 31, 2020 123,000
From the data given below, calculate the Retained Earnings balance of December 31, 2019. Retained earnings,...
From the data given below, calculate the Retained Earnings balance of December 31, 2019. Retained earnings, December 31, 2020 $ 345,000 Increase in total liabilities during 2020 99,000 Gain on the sale of buildings during 2020 42,000 Dividends declared and paid in 2020 27,000 Proceeds from sale of common stock in 2020 96,000 Net income for the year ended December 31, 2020 123,000
Analyze the data above and prepare an income statement and a retained earnings statement for the...
Analyze the data above and prepare an income statement and a
retained earnings statement for the year ending Dec 31, 2017
The following information relates to Radio Repair Company for the year 2017: Retained earnings, January 1, 2017 $59,000 Advertising expense 1,800 Dividends paid during 2017 9,000 Rent expense 10,400 Service revenue 52,000 Utilities expense 2,400 Salaries and wages expense 25,000 Required After analyzing the above data, prepare an Income Statement and a Retained Earnings Statement for the year ending...
B E11-7A. Statement of Retained Earnings Use the following data to prepare a statement of retained...
B E11-7A. Statement of Retained Earnings Use the following data to prepare a statement of retained eam ings for Barney Corporation. Total retained earnings originally reported at January 1.... Cash dividends declared during the year.... Net income for the year .......... Stock dividend declared during the year ... $400,000 80,000 193,000 40,000 Better or worse? EVK 11.11 2017 Return on common shareholders equity Dividend yield Dividend payout
calculate retained earnings Exercise 2-11 Calculate retained earnings LO 2,3 Retained earnings, December 31, 2015 Cost...
calculate retained earnings
Exercise 2-11 Calculate retained earnings LO 2,3 Retained earnings, December 31, 2015 Cost of equipment purchased during 2016 Not loss for the year ended December 31, 2016 Dividends declared and paid in 2016 Decrease in cash balance from January 1, 2016, to December 31, 2016 Decrease in long-term debt in 2016 $ 305,300 41,000 4.950 17,000 11,600 15.900 Required: From the above data, calculate the retained earnings balance as of December 31, 2016. (Deductible amounts should be...
need helpnwith this retained earnings 3 of 6 Chapter 04 Homework - Statement of Retained Earnings...
need helpnwith this retained earnings
3 of 6 Chapter 04 Homework - Statement of Retained Earnings Exercise 4-14 Statement of retained earnings with PPA Tim Mattke. Company began operations in 2018 and adopted weighted-average method for inventory. In 2020, in accordance with other companies in its industry, Tim Mattke changed its inventory policy to FIFO. Financial statement data is as follows. Pretax Income Weighted Income Tax Dividends Year Average FIFO Rate Declared 2018 170.000 395,000 20% $0 2019 390,000 430,000...
The ending retained earnings amount is shown on the O balance sheet and the retained earnings...
The ending retained earnings amount is shown on the O balance sheet and the retained earnings statement. balance sheet only. statement of cash flows. O retained earnings statement only.
Which of the following will increase retained earnings on the retained earnings statement?
Which of the following will increase retained earnings on the retained earnings statement?a. Net loss onlyb. Dividends, net incomec. Net income onlyd. Dividends, net loss
Retained Earnings Policy Public enterprises are required to present earnings per share data on the income...
Retained Earnings Policy Public enterprises are required to present earnings per share data on the income statement. Consider the effect of dilutive and antidilutive convertible securities. Discuss this information from the perspective of a shareholder, and discuss what shareholders would expect to discern from this information. In your responses to your peers, discuss potential challenges that might arise from the presentation of this information and shareholders' interpretations. How should this information be communicated to shareholders?
Statement of Retained Earnings e following items, provide the missing number. For the following Retained Earnings,...
Statement of Retained Earnings e following items, provide the missing number. For the following Retained Earnings, 1/127 Net income Subtotal Dividends Retained Earnings, 12/31/27 $250.000 83.000 $333,000 $283.000 5-6. Statement of Retained Earnings For the following items, provide the missing number. Retained Earnings, 1/1/28 Net income Subtotal Dividends Retained Earnings, 12/31/28 958,000 $2,783,400 500,000 $2,283,400 5-7. Statement of Retained Earnings. For the following items, provide the missing number. Retained Earnings, 1/1/28 Net income Subtotal Dividends Retained Earnings, 12/31/28 $983,123 43,000...
Analyze the data above and prepare an income statement and a
retained earnings statement for the year ending Dec 31, 2017
The following information relates to Radio Repair Company for the year 2017: Retained earnings, January 1, 2017 $59,000 Advertising expense 1,800 Dividends paid during 2017 9,000 Rent expense 10,400 Service revenue 52,000 Utilities expense 2,400 Salaries and wages expense 25,000 Required After analyzing the above data, prepare an Income Statement and a Retained Earnings Statement for the year ending...
B E11-7A. Statement of Retained Earnings Use the following data to prepare a statement of retained eam ings for Barney Corporation. Total retained earnings originally reported at January 1.... Cash dividends declared during the year.... Net income for the year .......... Stock dividend declared during the year ... $400,000 80,000 193,000 40,000 Better or worse? EVK 11.11 2017 Return on common shareholders equity Dividend yield Dividend payout
calculate retained earnings
Exercise 2-11 Calculate retained earnings LO 2,3 Retained earnings, December 31, 2015 Cost of equipment purchased during 2016 Not loss for the year ended December 31, 2016 Dividends declared and paid in 2016 Decrease in cash balance from January 1, 2016, to December 31, 2016 Decrease in long-term debt in 2016 $ 305,300 41,000 4.950 17,000 11,600 15.900 Required: From the above data, calculate the retained earnings balance as of December 31, 2016. (Deductible amounts should be...
need helpnwith this retained earnings
3 of 6 Chapter 04 Homework - Statement of Retained Earnings Exercise 4-14 Statement of retained earnings with PPA Tim Mattke. Company began operations in 2018 and adopted weighted-average method for inventory. In 2020, in accordance with other companies in its industry, Tim Mattke changed its inventory policy to FIFO. Financial statement data is as follows. Pretax Income Weighted Income Tax Dividends Year Average FIFO Rate Declared 2018 170.000 395,000 20% $0 2019 390,000 430,000...
The ending retained earnings amount is shown on the O balance sheet and the retained earnings statement. balance sheet only. statement of cash flows. O retained earnings statement only.
Statement of Retained Earnings e following items, provide the missing number. For the following Retained Earnings, 1/127 Net income Subtotal Dividends Retained Earnings, 12/31/27 $250.000 83.000 $333,000 $283.000 5-6. Statement of Retained Earnings For the following items, provide the missing number. Retained Earnings, 1/1/28 Net income Subtotal Dividends Retained Earnings, 12/31/28 958,000 $2,783,400 500,000 $2,283,400 5-7. Statement of Retained Earnings. For the following items, provide the missing number. Retained Earnings, 1/1/28 Net income Subtotal Dividends Retained Earnings, 12/31/28 $983,123 43,000...
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