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 67 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
:D TYSM


covalentbond

  • Member
  • Posts: 336
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

For a complete list of videos, visit our video library