Homework Answers
Answer
--Retained earnings balance = Beginning balance + Net Income - Net Loss - Dividends
| Volunteer Inc | Volunteer Inc | |||
| Net Income (loss) | Retained earnings | Net Income (loss) | Retained earnings | |
| 2012 | $0 | $25 | $10 | |
| 2013 | $20 | $20 | ($53) | ($43) |
| 2014 | ($6) | $14 | $51 | $8 |
| 2015 | $31 | $45 | $53 | $61 |
| 2016 | $125 | $170 | $92 | $153 |
| 2017 | $20 | $190 | $125 | $278 |
| 2018 | ($141) | $49 | ($52) | $226 |
| 2019 | $567 | $616 | $64 | $290 |
| 2020 | $349 | $965 | $100 | $390 |
| 2021 | $350 | $1,315 | $152 | $542 |
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Check my work Exercise 3-15A Calculate the balance of retained earnings (LO3-5) Below are the restated...
Below are the restated amounts of net income and retained earnings for Volunteers Inc and Raiders...
Below are the restated amounts of net income and retained
earnings for Volunteers Inc and Raiders for the period 2012-2021
Volunteers began operations in 2013, while Raiders began several
years earlier Required : Calculate the balance of retained earnings
each year for each companyNeither company paid dividends during
this time. (Enter your answers in millions (ie10,000,000 should be
entered 10). Amounts to be deducted should be indicated by minus
sign.)
Below are the restated amounts of net income and retained...
Below are the restated amounts of net income and retained earnings for Volunteers Inc. and Raiders...
Below are the restated amounts of net income and retained earnings for Volunteers Inc. and Raiders Inc. for the period 2009-2018. Volunteers began operations in 2010, while Raiders began several years earlier Required Calculate the balance of retained earnings each year for each company. Neither company paid dividends during this time. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) VOLUNTEERS INC. RAIDERS INC (S in millions) Net (S in millions) Retained Net Retained Year Income (Loss)...
meWUIR Cldple 3 Below are the restated amounts of net income and retained earnings for Volunteers...
meWUIR Cldple 3 Below are the restated amounts of net income and retained earnings for Volunteers Inc. and Raiders Inc. for the period 2009-2018 Volunteers began operations in 2010, while Raiders began several years earlier. Required: Calculate the balance of retained earnings each year for each company. Neither company paid dividends during this time. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) VOLUNTEERS INC. RAIDERS INC. (5 in millions) (S in millions) Net Retained Net Retained...
Below are the restated amounts of net income and retained earnings for Volunteers Inc. and Raiders...
Below are the restated amounts of net income and retained earnings for Volunteers Inc. and Raiders Inc. for the period 2009-2018. Volunteers began operations in 2010, while Raiders began several years earlier. Required: Calculate the balance of retained earnings each year for each company. Neither company paid dividends during this time. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Year 2009 VOLUNTEERS INC. RAIDERS INC. ($ in millions) ($ in millions) Net Retained Net Retained Income...
Below are the restated amounts of net income and retained earnings for Volunteers Inc. and Raiders...
Below are the restated amounts of net income and retained
earnings for Volunteers Inc. and Raiders Inc. for the period
2012–2021. Volunteers began operations in 2013, while Raiders began
several years earlier.
Required:
Calculate the balance of retained earnings each year for each
company. Neither company paid dividends during this time.
please help me with my homework.
Required: Calculate the balance of retained earnings each year for each company. Neither company paid dividends during this time. (Enter your answers...
Consider the following transactions for Huskies Insurance Company: 1. Equipment costing $33,600 is purchased at the...
Consider the following transactions for Huskies Insurance Company: 1. Equipment costing $33,600 is purchased at the beginning of the year for cash. Depreciation on the equipment is $5,600 per year. 2. On June 30, the company lends its chief financial officer $36,000; principal and interest at 5% are due in one year. 3. On October 1, the company receives $10,400 from a customer for a one-year property insurance policy. Deferred Revenue is credited. Required: For each item, record the necessary...
Return to que Exercise 18-17 (Algo) Transactions affecting retained earnings (L018-6, 18-7] 93 Shown below in...
Return to que Exercise 18-17 (Algo) Transactions affecting retained earnings (L018-6, 18-7] 93 Shown below in T-account format are the changes affecting the retained earnings of Brenner-Jude Corporation during 2021. At January 1, 2021, the corporation had outstanding 108 million common shares, 51 par per share. Retained Earnings (5 in millions) Beginning balance Retirement of 8 million common shares for $22 million Net Income for the year Declaration and payment of a 50.36 per share cash dividend Declaration and distribution...
Check my work 3 Exercise 3-5 (Algo) Balance sheet preparation [LO3-2, 3-3] The following are the...
Check my work 3 Exercise 3-5 (Algo) Balance sheet preparation [LO3-2, 3-3] The following are the ending balances of accounts at December 31, 2021, for the Valley Pump Corporation. 10 points Account Title Cash Debits Credite $ 34,000 Accounts receivable 74,000 99,000 Inventory Interest payable $ 19,000 Book 62,000 Investnent in equity securities Land 138,000 345,000 Buildings Print Accumulated depreciation-buildings Equi pment Accumulated deprecintion equipment Copyright (net) Prepaid expenses (next 12 montha) Accounts payable 109,000 93,000 34,000 21,000 Retarances 41,000...
Items from the 2015 income statement, statement of retained earnings, and balance sheet of Activision Blizzard,...
Items from the 2015 income statement, statement of retained earnings, and balance sheet of Activision Blizzard, Inc., are listed below in alphabetical order. 1. Solve for the missing amounts. (Loss amounts should be indicated with a minus sign.) Activision Blizzard, Ine. Common Stock Dividends Net Income (LOSS) Retained Earnings Beginning of Year | Retaned namings, End of Year Total Assets Total Expenses. (Total Liabines Total Revenues
Shown below in T-account format are the changes affecting the retained earnings of Brenner-Jude Corporation during...
Shown below in T-account format are the changes affecting the retained earnings of Brenner-Jude Corporation during 2021. At January 1, 2021, the corporation had outstanding 102 million common shares, $1 par per share. Retained Earnings ($ in millions) 97 Beginning balance Retirement of 2 million common shares for $26 million 5 81 Net income for the year Declaration and payment of a $0.40 per share cash dividend 40 Declaration and distribution of a 6% stock dividend 22 111 Ending...
Below are the restated amounts of net income and retained
earnings for Volunteers Inc and Raiders for the period 2012-2021
Volunteers began operations in 2013, while Raiders began several
years earlier Required : Calculate the balance of retained earnings
each year for each companyNeither company paid dividends during
this time. (Enter your answers in millions (ie10,000,000 should be
entered 10). Amounts to be deducted should be indicated by minus
sign.)
Below are the restated amounts of net income and retained...
Below are the restated amounts of net income and retained earnings for Volunteers Inc. and Raiders Inc. for the period 2009-2018. Volunteers began operations in 2010, while Raiders began several years earlier Required Calculate the balance of retained earnings each year for each company. Neither company paid dividends during this time. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) VOLUNTEERS INC. RAIDERS INC (S in millions) Net (S in millions) Retained Net Retained Year Income (Loss)...
meWUIR Cldple 3 Below are the restated amounts of net income and retained earnings for Volunteers Inc. and Raiders Inc. for the period 2009-2018 Volunteers began operations in 2010, while Raiders began several years earlier. Required: Calculate the balance of retained earnings each year for each company. Neither company paid dividends during this time. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) VOLUNTEERS INC. RAIDERS INC. (5 in millions) (S in millions) Net Retained Net Retained...
Below are the restated amounts of net income and retained earnings for Volunteers Inc. and Raiders Inc. for the period 2009-2018. Volunteers began operations in 2010, while Raiders began several years earlier. Required: Calculate the balance of retained earnings each year for each company. Neither company paid dividends during this time. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Year 2009 VOLUNTEERS INC. RAIDERS INC. ($ in millions) ($ in millions) Net Retained Net Retained Income...
Below are the restated amounts of net income and retained
earnings for Volunteers Inc. and Raiders Inc. for the period
2012–2021. Volunteers began operations in 2013, while Raiders began
several years earlier.
Required:
Calculate the balance of retained earnings each year for each
company. Neither company paid dividends during this time.
please help me with my homework.
Required: Calculate the balance of retained earnings each year for each company. Neither company paid dividends during this time. (Enter your answers...
Consider the following transactions for Huskies Insurance Company: 1. Equipment costing $33,600 is purchased at the beginning of the year for cash. Depreciation on the equipment is $5,600 per year. 2. On June 30, the company lends its chief financial officer $36,000; principal and interest at 5% are due in one year. 3. On October 1, the company receives $10,400 from a customer for a one-year property insurance policy. Deferred Revenue is credited. Required: For each item, record the necessary...
Return to que Exercise 18-17 (Algo) Transactions affecting retained earnings (L018-6, 18-7] 93 Shown below in T-account format are the changes affecting the retained earnings of Brenner-Jude Corporation during 2021. At January 1, 2021, the corporation had outstanding 108 million common shares, 51 par per share. Retained Earnings (5 in millions) Beginning balance Retirement of 8 million common shares for $22 million Net Income for the year Declaration and payment of a 50.36 per share cash dividend Declaration and distribution...
Check my work 3 Exercise 3-5 (Algo) Balance sheet preparation [LO3-2, 3-3] The following are the ending balances of accounts at December 31, 2021, for the Valley Pump Corporation. 10 points Account Title Cash Debits Credite $ 34,000 Accounts receivable 74,000 99,000 Inventory Interest payable $ 19,000 Book 62,000 Investnent in equity securities Land 138,000 345,000 Buildings Print Accumulated depreciation-buildings Equi pment Accumulated deprecintion equipment Copyright (net) Prepaid expenses (next 12 montha) Accounts payable 109,000 93,000 34,000 21,000 Retarances 41,000...
Items from the 2015 income statement, statement of retained earnings, and balance sheet of Activision Blizzard, Inc., are listed below in alphabetical order. 1. Solve for the missing amounts. (Loss amounts should be indicated with a minus sign.) Activision Blizzard, Ine. Common Stock Dividends Net Income (LOSS) Retained Earnings Beginning of Year | Retaned namings, End of Year Total Assets Total Expenses. (Total Liabines Total Revenues
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