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 69 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!

covalentbond

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

« previous next »
 

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?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Astronomers identified 12-billion-year-old white dwarf stars only 100 light years away from Earth Astronomers identified 12-billion-year-old white dwarf stars only 100 light years away from Earth
Protein Needs Are Determined by Nitrogen Balance in Your Body Protein Needs Are Determined by Nitrogen Balance in Your Body
Sodium’s chief role is regulation of fluid balance Sodium’s chief role is regulation of fluid balance
Acid–Base Balance Acid–Base Balance
What single payment one year from now would be economically equivalent to payments of $1,000 ... What single payment one year from now would be economically equivalent to payments of $1,000 ...
Fluid–solute balance in freshwater and marine bony fishes Fluid–solute balance in freshwater and marine bony fishes
Video: Integumentary Anatomy

For a complete list of videos, visit our video library