for the year 2016, net income of carol company is 20,000 and dividends declared are $6,000; what is the retained earnings

Q: The following data come from the financial records of Rundle Corporation for 2018: How many times…

A: Time interest earned ratio measure the ability of the company to meet its obligations of debt. It is…

Q: Villie Company's retained earnings increased $33,000 during 2014. What oss given that Willie…

A: Retained earnings is accumulated earnings over the period of time. Net income increases retained…

Q: As of December 31, 2015, Lincolnshire Company had assets of $1,850,000 and liabilities of $570,000.…

A: As per accounting equation,  Assets = Liabilities + Owner's Equity  Or Owner's Equity =assets -…

Q: Sandhill construction company earned $439,000 during the year ended June 30, 2017. After paying out…

A: Retained earnings refer to the amount earned by the organization till the date of preparation of the…

Q: Calculate the balance of retained earnings each year for each company. Neither company paid…

A: Retained earnings is the accumulated earnings earned by company till date from its business…

Q: Cullumber Company has retained earnings of $ 1,740,000 at January 1, 2017. Net income during 2017…

A: Retained earning means amount of profit remain after all the adjustment of expense and various…

Q: Blossom Construction Company earned $474,000 during the year ended June 30, 2017. After paying out…

A: Retained earnings are part of total earning which remain undisturbed after payment of preferred and…

Q: Company E reports net income of $100,000 for 2015. Assume the income is earned evenly throughout the…

A: Business combination:   Business combination refers to the combining of one or more business…

Q: As of December 1, 2014, Welsh company. Had Retained earnings of £5,000 dividends of £2000, and net…

A:

Q: Using the accounting equation During 2018, Flowing Rivers Spa reported revenue of $30,000. Total…

A: Compute net income for the year 2018:

Q: Heedy Company had the following account balances in 2016 and 2017, respectively. Assuming dividends…

A: Net income is the amount an individual or business makes after deducting costs, allowances and…

Q: Carla Vista Construction Company earned $409,000 during the year ended June 30, 2017. After paying…

A: Retained earnings: These are defined as the residual or left over income of the business after…

Q: The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $5.8 million, and the…

A: Cash flows are the cash generated from the operation of the business organisation. In other words,…

Q: The following information is available about a company's dividends: 2014 Sept. Final dividend for…

A: Dividend means the amount given to shareholder of the company as profit distribution by company.…

Q: Toth Company had the following assets and liabilities on the dates indicated December 31 Total…

A: Given that ,  stockholders' equity = it is the difference between total assets and total…

Q: Portman Corporation has retained earnings of $675,000 at January 1, 2017. Net income during 2017 was…

A: Retained earnings: The accumulated income is retained with the company for future needs. Retained…

Q: On December 31, 2015, the net assets of Martinez Manufacturing amounted to $40,000. Net income…

A: Net Assets on Dec 31, 2015 = Net Assets on Jan 1, 2015 + Net Income - Dividend paid + Issued Common…

Q: Construct a statement of retained earnings and compute the year-end balance of retained earnings

A: Oriole Paper Mill, Inc. Statement of retained earnings Details Amt($) Opening balance, 1.4.16…

Q: Determine the Retained Earnings balance on December 31, 2015 based on the following: 2014 Revenues:…

A: Net Income for 2015 = Revenue - expenses = $1,500,000 - $1,200,000 = $300,000

Q: If the beginning balance of retained earnings is $180,000, revenue is $85,000,expenses total…

A: Net income = Revenues - expenses.

Q: As of December 1, 2014, Welsh Company. Had Retained earnings of £10,000 dividends of £2000, and net…

A: Ending retained earning = Beginning retained earning + Net Income - Dividend

Q: The stockholders’ equity of Kowalski Company at the beginning and end of 2018totaled $122,000 and…

A: Stockholders' equity: Stockholders' equity means the remaining net assets available to shareholders.…

Q: Financial information for Kurzen INC. is presented below.     December 31, 2017 December 31,…

A: Horizontal analysis is a technique which compares the financial data of two periods and shows the…

Q: Beta Company was founded in 20013. Its yearly earnings and dividend payments are shown here:…

A: Formula: Ending retained earnings = Beginning retained earnings + Net income - Dividends

Q: Wifi Around reports net income for the year of $220,000. Retained earnings at the beginning and end…

A: Cash dividend: It can be defined as the distribution of the company’s money or funds to the…

Q: On January 1, 2014, LeAnna Industries reported retained earnings of $195,000. During 2014, LeAnna…

A: Ending Retained earnings = Beginning Retained earnings  - Net Loss - Dividend paid

Q: Henry Company had sales revenue of USD1,200,000, gross profit of USD749,000, operating expenses of…

A: Income tax expense refers to the expense amount which company records in the accounting period for…

Q: Portman Corporation has retained earnings of $675,000 at January 1, 2017. Net income during 2017 was…

A: Retained earnings: Retained earnings are that portion of profits which are earned by a company but…

Q: Towson Company’s Assets and Liabilities on January 1, 2016 were $85,600 and $62,400 respectively.…

A: Retained earnings are that part of profit which is reinvested in the business. It is the amount left…

Q: On December 31, 2016, Cantor Company reported Total Assets of $20,000 and Total equity of $15,000.…

A:

Q: The owners' equity at the beginning of 2018 was how much?

A: The accounting equation describes the basic principle of accounting as follows: Assets = Liabilities…

Q: Last year, McGinley Company had total equity of $600,000, a return on assets of 10%, and a return on…

A: Return on equity=Net IncomeShareholder's equity0.15=NI6,00,000Net Income=$90,000

Q: what was the firm's 2018 operating cash flow, or OCF?

A: Operating Cash Flow: It is the amount of cash flow a firm generates from its normal business…

Q: The 2016 financial statements of a company reveal average shareholders’ equity attributable to…

A: Return on Net operating asset is calculated to know about how efficiently company is using their…

Q: Asure corp earned $339,000 during the year ended June 30, 2017. After paying out $225,794 in…

A: Ending retained earnings formula: =Beginning level of retained earnings + Net income of the year -…

Q: During the year 2015, Sadaf Oman Company earned revenues of RO 42,000, had expenses of RO 25,000…

A: Formula: Net Income = Total revenues - Total expenses

Q: Starr Co. had sales revenue of $540,000 in 2017. Other items recorded during the year were: Cost…

A: Single-step income statement lists all the expenses in one column. It does not bifurcate expenses in…

Q: During 2014, Nonut Bakery paid out RM33,525 of common dividends. It ended the year with RM197,500 of…

A: Retained earnings and net income are related but distinct. There may be times when your business has…

Q: At September 1, 2017, Five-O Inc. reported retained earnings of $136,000. During the month, Five-O…

A: The retaining earnings is a credit balance account which shows the profits earned over operational…

Q: Below are the restated amounts of net income and retained earnings for Volunteers Inc. and Raiders…

A: Retained earnings is the amount left after deducting dividend paid from the net income.

Q: Carla Vista Construction Company earned $409,000 during the year ended June 30, 2017.After paying…

A: Closing balance of Retained Earnings = Opening balance of retained earnings + Net Income - Dividends

Q: Strong construction company earned $439,000 during the year ended June 30, 2017. After paying out…

A: Retained earnings are the amount which was retained by the company after all of its expenses…

Q: During 2018 Bajery paid out $33,525 of common dividends. In ended the year with $187,500 of retained…

A: The formula is -  Retained earnings(2018) = Retained earnings(2017) + Net Income(2018) -…