This topic contains a solution. Click here to go to the answer

Author Question: A firm's year-end retained earnings balance are 670,000 and 560,000 for 2014 and 2015, respectively. ... (Read 66 times)

jwb375

  • Hero Member
  • *****
  • Posts: 540
A firm's year-end retained earnings balance are 670,000 and 560,000 for 2014 and 2015, respectively. The firm reported net profits after taxes of 100,000 in 2015. The firm paid dividends of ________ in 2015.
 
  A) 10,000
  B) 100,000
  C) 110,000
  D) 210,000

Question 2

A firm has a year-end retained earnings balance of 220,000 for 2014. The firm reported net profits after taxes of 50,000 and paid dividends of 30,000 in 2015. The firm's retained earnings balance at 2015 year end is ________.
 
  A) 240,000
  B) 250,000
  C) 270,000
  D) 300,000



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

hanadaa

  • Sr. Member
  • ****
  • Posts: 339
Answer to Question 1

D

Answer to Question 2

A




jwb375

  • Member
  • Posts: 540
Reply 2 on: Jul 11, 2018
YES! Correct, THANKS for helping me on my review


sarah_brady415

  • Member
  • Posts: 328
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

For a complete list of videos, visit our video library