TOTAL RETAINED EARNINGS
Q: What do the Retained earnings represent?
A: Financial Statement: They are annual reports of an organization summarizing the financial…
Q: The first item appearing on the statement of retained earnings is net income the ending balance of…
A: Retained Earnings is the collection of all those earnings which get from the running operations of…
Q: How does retained earnings increase? What are the two ways that retained earnings decreases?
A: Retained earnings is a reserve kept aside from the surplus income earned to use it for re investment…
Q: Accounts payable Income tax payable Other liabilities Total liabilities Common stock Retained…
A: >Financial Statements are prepared at the end of accounting period, and these include: #1:…
Q: Define retained earnings.
A: Definition: Balance sheet: This financial statement reports a company’s resources (assets) and…
Q: What is retained earning
A: The retained earnings which is also known as ploughed back profit is expalined…
Q: Net income appears on which financial statement(s)?a. Balance sheetb. Income statementc. Statement…
A: Financial Statement: A financial statement is the complete record of financial transactions that…
Q: List down the amounts of Beginning Retained Earning, Net Profits, Dividends paid and Ending Retained…
A: The Beginning Retained Earning, Net Profits, Dividends paid and Ending Retained Earning for both…
Q: How much is the consolidated retained earnings?
A:
Q: Why do changes in retained earnings occur?
A: Introduction: Retained earnings are nothing but the accumulated profits that the corporation keeps…
Q: on which date is retained earnings decreased and liabilities increased?
A: Dividend will have a declaration date, record date and payment date. On declaration date dividend is…
Q: What major items are included in the Retained Earnings Statement?
A: Retained earnings statement is financial statements that states firm income after every payment.…
Q: Are retained earnings apart of the companys net assets
A: Net assets of the company= Total Assets of the company minus its liabilities. Retained earnings is…
Q: How does retained earnings increase? What are the two ways that retained earnings decrease?
A: Retained earnings get increased if company generates net income.Retained earnings get decrease if…
Q: Define each of the following terms:b. Common stockholders’ equity, or net worth; retained earnings
A: Common stockholders' equity or net worth: Common stockholders' equity or net worth is the capital…
Q: Prepare a retained earnings statement.
A:
Q: balance in the Retained earnings
A: Retained earning is the sum of holding in a company that have left after paying all direct and…
Q: In a Statement of Retained Earnings, which statement is correct?
A: Retained earnings represent the earnings of the company accumulated over a period of time. The…
Q: Briefly explain the following: Balance Sheet Income Statement Statement of Changes in Financial…
A: Balance sheet: Balance sheet is a main part of financial statement. It shows as on date financial…
Q: how are paid in capital an retained earnings similar
A: Capital: Capital is the portion of investment done by the owners of the company as Paid-in capital.…
Q: how do i calculate retained earnings
A: Retained earnings: Retained earnings are that portion of profits which are earned by a company but…
Q: TRUE OR FALSE? Dividends declared is an addition to retained earnings beginning to compute for the…
A: Retained earnings ending balance is computed using , Retained earnings beginning balance Net Income…
Q: diluted earnings per share?
A: Diluted Earning Per Share (Diluted EPS) is a financial ratio to check the quality of the Earnings…
Q: On which financial statement would the Dividends account appear
A: The Dividend account is appear on the statement of retained earnings.
Q: Define Statement of retained earnings
A: The statement of retained earnings is a statement that depicts the amount of profit retained by the…
Q: Stockholders' equity can be described as debtor claim on total assets. creditorship claim on total…
A: Hi student Since there are multiple questions, we will answer only first question.
Q: how do i find change in retained earnings
A: 1. Retained Earnings - Retained Earnings is the retained accumulated profit of the company over the…
Q: How to journalize retained earnings and dividends?
A: The transactions which the company involved into are to be entered in the primary book called…
Q: Define the following. a. Retained earnings? b. Goodwill? c. Investing activities?
A: a. Retained earnings: The amount of earnings undistributed as dividends to the stockholders is…
Q: How can the retained earnings indicate the number of assets that the company has financed?
A: Retained Earnings: It is the amount which is earned by the company as a profit from business…
Q: Prepare the statement of retained earnings with the information attached.
A: Net Income= Income statement Cr balance - Income statement Dr balance =4,089,385 - 3,839,997…
Q: of Retained Earnings,
A: Retained earnings represent the earnings of the company accumulated over a period of time. The…
Q: retained earnings is accurately described by all except which of the following statements?
A: The dividends which are declared are deducted from the earnings which are retained. When the…
Q: Determine the earnings per share
A: Earning per share is the earning of equity shareholders. It is available after paying all interest…
Q: How do you calculate net income if retained earning and dividend is given?
A: Net Income = Ending retained earnings - Beginning retained earnings + Dividend
Q: retained earnings statement
A: Retained Earnings is a part of shareholders' equity to be reported under the Liabilities and…
Q: Retained earnings
A: Retained earnings are the profit accumulated over a period of time. The closing retained earnings…
Q: Define earnings per share (EPS). For which income statement items must EPS be disclosed?
A: Earnings: The term earnings refer to the amount of money the company had earned during a particular…
Q: Identify the different types of dividends. How much is debited to Retained Earnings upon declaration…
A: Types of dividend:- (1)Stock dividend:-stock dividend is issued by the company its common stock…
Q: What is the value to be filled in Retained earnings. Prepare income statement , Balance sheet.
A: Formula: Net income = Total Revenues - Total expenses
Q: What is Ending retained earnings?
A: Retained earnings: Retained earnings are the portion of earnings kept by the business for the…
Q: calculate retained earnings end of current period shareholders equity
A: In order to calculate retained earning at the end of current period we need to calculate net income…
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- ABC Company provided the following information on December 31, 2020Share capital 5,000,000Subscribed share capital 3,000,000Subscription receivable 2,000,000Share premium 1,500,000Treasury Shares, at cost 700,000Retained Earnings 1,000,000Cumulative unrealized gain on Financial Asset at FVOCI 600,000What is the contributed capital on December 31, 2020?The following information is taken from Tanaka Bhd for the year ended 31 December2020.Preference dividend declared and fully paid in 2020: RM100,000Ordinary dividend declared and fully paid in 2020: RM3,960,000Preference share marketable price per unit at 31 December 2020: RM4.60Ordinary share marketable price per unit at 31 December 2020: RM9.00 Industry average ratioi. Current ratio 2.3 : 1ii. Quick ratio 1.1 : 1iii. Asset turnover 2.0iv. Profit margin 4.0%v. Earnings per share RM0.46vi. Rate of return on total assets 11.0% From the industry average, identify and comment on Tanaka Bhd’s profitability and shortterm liquidity.The following information is taken from Tanaka Bhd for the year ended 31 December2020.Preference dividend declared and fully paid in 2020: RM100,000Ordinary dividend declared and fully paid in 2020: RM3,960,000Preference share marketable price per unit at 31 December 2020: RM4.60Ordinary share marketable price per unit at 31 December 2020: RM9.00 Industry average ratioi. Current ratio 2.3 : 1ii. Quick ratio 1.1 : 1iii. Asset turnover 2.0iv. Profit margin 4.0%v. Earnings per share RM0.46vi. Rate of return on total assets 11.0%Assumption: all sales in credit; finance expense means interest; ordinary share outstandingthroughout both years = 10,000,000 shares. From the industry average, identify and comment on Tanaka Bhd’s profitability and shortterm liquidity.
- Sandhill Co. reported the following information for 2020: Sales revenue $2520000 Cost of goods sold 1748000 Operating expenses 282000 Unrealized holding gain on available-for-sale securities 85700 Cash dividends received on the securities 9200 For 2020, Sandhill would report comprehensive income of A.$85700. B.$499200. C.$575700. D.$584900.HHH Company provided for the following shareholders’ equity on December 31, 2020: Share capital, P100 5,000,000 Share premium 1,000,000 Retained earnings unappropriated 1,500,000 Retained earnings appropriated for contingencies 500,000 Revaluation surplus 800,000 8,800,000 Compute for the book value per share on December 31, 2020Paul Company presented the following information pertaining to its investments in equity securities. FVPL FVOCICost P1,000,000 P1,000,000Market value December 31, 2020 1,050,000 980,000 December 31, 2019 950,000 920,000 2.What amount should Paul report as unrealized gains/losses in the shareholders' equity of its December 31, 2020 statement of financial position?
- - What is the unrealized gain (loss) reported in profit or loss for the year 2021?A. P31,000B. (P31,000)C. P43,000D. (P43,000) - How much was the gain or loss on the sale of CD shares? A. P1,100 gain B. P2,000 gain C. P15,000 loss D. P15,900 lossPresented below is financial information of the Mayer Corporation for 2020. Gain on the sale of investments Net sales Cost of goods sold Loss on disposal of wholesale division Interest revenue Loss on operations of wholesale division Selling and administrative expenses Dividends declared on common stock Write off of goodwill Dividends declared on preferred stock Effective tax rate on all items is 30% $170,000 $54,000,000 $38,000,000 $690,000 $115,000 $610,000 $9,700,000 $430,000 $800,000 $150,000 Mayer Corporation decided to discontinue its wholesale operations and to retain their manufacturing operations. On July 1, Mayer sold the wholesale operations. During 2020, there were 850,000 shares of common stock outstanding all year. Instructions: Compute each of the following. You must show your work. You may type your answers in the text submission box below or you can use the "Add File" button to upload a Word file or an Excel file. If this option does not work please email me to let me…The balance in the retained earnings of HAWKEYE Corporation on December 31, 2020 and 2021 respectively are P720,000 and P582,000. The net income for 2021 was P500,000. A share dividend was declared and distributed which increased ordinary share capital by P200,000 and share premium by P110,000. A cash dividend was declared and paid. What is the amount of cash dividends declared and paid? a. ₱ 638,000 b. ₱ 442,000 c. ₱ 328,000 d. ₱ 248,000
- Paul Company presented the following information pertaining to its investments in equity securities. FVPL FVOCICost P1,000,000 P1,000,000Market value December 31, 2020 1,050,000 980,000 December 31, 2019 950,000 920,0001. What amount should Paul Company report as unrealized gain on its 2020 profit or loss? a. P160,000 b. P110,000 c. P100,000 d. P 50,000 2.What amount should Paul report as unrealized gains/losses in the shareholders' equity of its December 31, 2020 statement of financial position? a. P60,000 credit b. P20,000 debit c. P80,000 debit d. P20,000 creditBulgasal Company provided the following data: 2020 2021 Share capital (P100 par value) 5,000,000 5,850,000 Share premium 1,000,000 1,600,000 Retained Earnings 3,400,000 4,500,000 During the current year, the entity declared and paid cash dividends or P1,000,000 and also declared and issued a share dividend. There were no other changes in shares issued and outstanding during the year. What is the net income for the current year? Present solutions in good accounting form. No parenthetical solutions. Thanks and God bless!Estimating Share Value Using the ROPI ModelFollowing are forecasts of Illinois Tool Works Inc. sales, net operating profit after tax (NOPAT), and net operating assets (NOA) as of December 31, 2018. Reported Horizon Period $ millions 2018 2019 2020 2021 2022 Terminal Period Sales $14,768 $15,654 $16,593 $17,589 $18,644 $19,017 NOPAT 2,711 2,880 3,053 3,236 3,430 3,499 NOA 9,462 10,028 10,630 11,268 11,944 12,183 Answer the following requirements assuming a discount rate (WACC) of 7.35%, a terminal period growth rate of 2%, common shares outstanding of 328.1 million, and net nonoperating obligations (NNO) of $6,204 million.(a) Estimate the value of a share of ITW’s common stock using the residual operating income model (ROPI) model as of December 31, 2018. Instructions: Round all answers to the nearest whole number, except for discount factors, shares outstanding (do not round), and stock price per share. Round discount factors to 5 decimal places. Round stock…