Please fill in the missing amount and explain the formula you used. The more detailed explanation of the process is appreciated.1) Revenue for 2008 $8,000Dividends Declared $1,000Expenses for 2008 $3,000January 1 RE Balance $5,000December 31 RE Balance ?2) Revenues for 2008 $3,000Dividends declared in 2008 $2,000Expenses for 2008 $1,000January 1 retained earnings balance ?December 31 RE balance $6,0003) Revenues for 2008 $5,000Dividends declared in 2008 ?Expenses for 2008 $4,000January 1 RE balance $8,000December 31 RE balance $3,0004) Revenues for 2008 $6,000Dividends declared for 2008 $0Expenses for 2008 ?January 1 RE balance $12,000December 31 RE balance $8,0005) Revenues for 2008 ?Dividends declared in 2008 $3,000Expenses for 2008 $6,000January 1 RE balance $8,000December 31 RE balance $9,000

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For the items listed below, indicate how each should be reported in the financial statements. Use the following letter code for your selections: a. Continuing operations b. Discontinued operations c. Prior period adjustment 1. The percentage of estimated bad debts was increased from 1% to 2%, thus increasing bad debt expense. 2. Obsolete inventory was written off. 3. Investments were sold for less than cost. 4. It was discovered that dividend revenue was inadvertently omitted from last year’s income statement. 5. The company sold one of its warehouses at a loss. 6. Litigation with the federal government related to income taxes of three years ago was settled. The company is continually involved in various adjustments with the federal government related to its taxes. 7. A component of the business was disposed of at a loss. 8. The company neglected to record depreciation expense on some assets in the previous year. 9. All production in the United States was…

Hello, how do I solve this problem? I attached the bottom part of the question and what it's asking for since it wouldn't fit in the screenshot. Assuming that total assets were $3,112,000 at the beginning of the current fiscal year, determine the following. When required, round to one decimal place. a.  Ratio of fixed assets to long-term liabilities   b.  Ratio of liabilities to stockholders' equity   c.  Asset turnover   d.  Return on total assets % e.  Return on stockholders’ equity % f.  Return on common stockholders' equity %

Hi there, from that income statement I am stuck on the following calculations:   your help would be greatly appreciated thank you                                                                                                 2019                  2020 Asset Turnover: Sales revenue \ total assets (current assets + fixed assets)     Non-current asset turnover: Sales \ non-current assets (FA)    440\405=1.09 330\361=0.91 Current ratio: Current assets\ current liabilities     Quick ratio: (current asset- inventories) \ current liabilities     Inventory days: Average inventory\cost of sales x 365     Receivable days: Average receivables\credit sales x 365         Payable days: Average payables\credit purchases x 365     Interest cover: Operating profit\interest payable

Please help me.  Thankyou.

Use attachment to answer the following  Assume all assets are operating assets; all current liabilities are operating liabilities. Return on net operating assets for 2006 is:  a) 11.30% b) 11.03% c) 9.93% d) 11.19

Hello Tutor, Can I have assistance with creating the attached commomn statement using income and Balance sheet statements along with the interpreation.  I would really appreciate it. using the column of difference on Balance sheet and some transactions on income to determine added or subtracted and transfer to appropriate activity (operating, investing, and financing) with numbers (NO  ü). Please insert more column as you need              Items 2020 2019 Difference Added Subtracted Operating Investing Financing…

if your supervisor tells you to change the aging category of a large account from over 120 days to current status and prepare a new invoice to the customer with the revised date that agrees with this new category this will change the required allowance from for uncollectible accounts from $180, 000 to $135,000. How do you think this misstatement of funds will impact your income statement and your balance sheet?