This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A firm's year-end retained earnings balance are 670,000 and 560,000 for 2014 and 2015, respectively. ... (Read 63 times)

jwb375

  • Hero Member
  • *****
  • Posts: 540
on: Jul 11, 2018
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
Reply #1 on: Jul 11, 2018
Answer to Question 1

D

Answer to Question 2

A


jwb375

  • Member
  • Posts: 540
Reply 2 on: Jul 11, 2018
Gracias!

elyse44

  • Member
  • Posts: 319
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

An example of sodium balance achieved by the coordinated actions of three hormones. An example of sodium balance achieved by the coordinated actions of three hormones.
The hatred and vengeance of adults become the children’s heritage. The headband of this 4-year-old ... The hatred and vengeance of adults become the children’s heritage. The headband of this 4-year-old ...
Normal (A) and Abnormal (B) Balance between Dopamine and Acetylcholine Normal (A) and Abnormal (B) Balance between Dopamine and Acetylcholine
The Serial Numbers for Each Day of the Year The Serial Numbers for Each Day of the Year
Prevalence rates of obesity in the United States, 2014 Prevalence rates of obesity in the United States, 2014
Renal regulation of sodium and potassium balance Renal regulation of sodium and potassium balance
Video: Membrane transport proteins - pores, gated channels and pumps

For a complete list of videos, visit our video library