KJ Inc. just reported a net income of 800 in its most recent year, and paid a dividend of 260. the previous years retained earnings was 1960. what is the most recent retained earnings?

Q: If total assets increased by $500,000 during a period and total liabilities increased by $420,000…

A: The higher increase in total assets against the total liabilities implies that business is…

Q: Farmington Corporation began the year with a retained earnings balance of $20,000. The company paid…

A: Ending retained earnings balance = Beginning retained earnings balance + Net income for the year -…

Q: Superior has provided the following information for its recent year of operation:   The common stock…

A: The ownership of the corporation is represented by common stock, which is a sort of investment. The…

Q: In its recent income statement, Smith Software Inc. reported $28 million of net income, and in its…

A: Net income refers to the portion of revenue left after deducting all the expenses from the revenue.…

Q: Inc., had owners' equity of $49,850. During the year, net income was $6,150 and the company paid…

A: Owners equity is the amount which belongs to the owners of the business.

Q: ABC had the following net income (loss) the first three years of operation: $7,000, ($1,600), and…

A: The dividend is a method of distributing profit among the shareholders. It can be in the form of a…

Q: A recent annual report for Wilmington, Inc. contained the following information: Retained earnings…

A: Retained earnings represent the earnings accumulated over a period of time.

Q: At the beginning of the year, the net assets of Shannon Co. were $617,900. The only transactions…

A: We know that Return on Equity = ( Net Income /Average shareholders equity) Net Assets = Total Assets…

Q: At the beginning of the current fiscal year, the balance sheet of Hughey Inc. showed stockholders'…

A: Net income: The bottom line of income statement which is the result of excess of earnings from…

Q: Makers Corp. had additions to retained earnings for the year just ended of $213,000. The firm paid…

A: Earnings per share : Earnings per share are calculated based on the companies year ending profit and…

Q: Angola Corporation reported a net income of $154,000, declared dividends on common stock of $60,000,…

A: Given the following information: Net income: $154,000 Declared dividends on common stock $60,000…

Q: In its most recent financial statements, ABC reported 28,000 of net income and 361,000 of retained…

A: Given: Net income $28,000 Ending retained earnings $361,000 Beginning retained earnings $353,000

Q: During the current year, the total assets of Mifflinburg Corporation decreased by $60,000 and…

A: Accounting equation reflects the double entry system of accounting in the books of company. It is…

Q: Company Zeta had retained earnings balance of $4 million in the previous year. In the current year,…

A: Retained earnings are the portion of income which is held by the company for the future operating…

Q: A recent annual report for Wilmington, Inc. contained the following information: Retained earnings…

A: Number of shares issued at the end of the current year = Common Stock account totaled at the end of…

Q: Fuentes Corporation reported a net income of $152,000, declared dividends on common stock of…

A: Given the following information: Net income: $152,000 Declared dividends on common stock $50,000…

Q: uperior has provided the following information for its recent year of operation: The common stock…

A: Change in retained earnings=Year end balance-Beginning balance=$91,000-$70,000=$21,000

Q: Quartz Corporation had retained earnings balances of $480,000 and $400,000 at the beginning and…

A: Dividends for the Year = Opening Balance of Retained Earnings + Net Profit - Closing Balance of…

Q: The Harbinger Corporation reported net income of $6 million and total assets of $7 million in its…

A: Earnings per share (EPS): The amount of net income available to each shareholder per common share…

Q: KJ Inc. just reported a net income of 630 in its most recent year and paid a dividend of 390. If the…

A: Ending Balance of Retained Earnings = Beginning Balance + Net Income - Dividend

Q: Catalina Corporation begins the year with a $195 balance in Retained Earnings and a $320 balance in…

A: Stockholders' equity represents the amount of funds remaining with the entity after payment of all…

Q: year, the company reported $620 in net income, and in that next year it paid out a dividend of $200.…

A: As per available information from question  Opening balance of retained earning    $1,250 + net…

Q: How much Net Income did the company earn during the year?

A: Ownership of an organization can be broken down into small parts or units also known as Shares.…

Q: Goldfinger Corporation had account balances at the end of the current year as follows: sales…

A: Goldfinger's Income Statement Particulars Amounts Sales Revenue $29,000.00 Less: Cost of goods…

Q: For the year , movers United has net income of $31,800 , net new equity of $7,500 , and an…

A: The amount of dividend paid can be calculated from the retained earnings added.

Q: During the last year, Sigma Co had Net Income of $153, paid $17 in dividends, and sold new stock for…

A: given, net income=$153 dividend=$17 sold new stock =$38 beginning equity = $630

Q: Farmington Corporation began the year with a retained earnings balance of $16,000. The company paid…

A:

Q: At the end of last year, ArtisanCo's assets totaled $877,000 and its liabilities totaled $748,500.…

A: Ending total assets = Beginning total assets + increase in total assets = $877,000 + $59,700 =…

Q: Your company declared $13,800 cash dividen dividends payable at the beginning of the year and $2,800…

A: Beginning dividends payable = $6,400 Cash dividends declared = $13,800 Ending dividends payable =…

Q: Goldfinger Corporation had account balances at the end of the currentyear as follows: sales revenue,…

A: The income statement shows the income earned during the year by the company.

Q: For the current year, Vidalia Company reported revenues of $250,000 and expenses of $225,000. At the…

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: Landisville Company started the year with $60000 in its Common Stock account and a credit balance in…

A: Formula: Ending retained Earnings = Beginning Retained Earnings + Net income - Dividends paid

Q: In its recent income statement, Smith Software Inc. reported $11 million of net income, and in its…

A: Retained earning means from the total profits and available…

Q: Errol Corporation earned net income of $200,000 this year. The company began the year with 10,000…

A: Introduction: EPS: EPS stands for Earnings per share. It tell the profit earned on each outstanding…

Q: Henderson Company had beginning-of-the-year total assets of $360,000 and total liabilities of…

A: Stockholder equity = Total assets - Total liabilitiesStockholder's equity = 360000-216000 =…

Q: Farmington Corporation began the year with a retained earnings balance of $15,000. The company paid…

A: The numerical has covered the concept of Retained Earnings. Retained Earnings is an abbreviation of…

Q: How much in dividends were paid to shareholders during the year? Assume that In its most recent…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Farmington Corporation began the year with a retained earnings balance of $20,000. The company paid…

A: Introduction: Retained Earnings: Retained Earnings are share holders funds. Part of profit is…

Q: maynard enterprise paid $1,720 in dividends and $1,655 in interest over the past year. the common…

A: Dividend per share refers to the amount of the net income which is paid to the equity shareholders.…

Q: The balance sheets of HR, Inc. reports total stockholders' equity of $550,000 and $750,000 at the…

A: Return on Equity = Net incomeTotal stockholders' equity

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) -…