What is the balance of "Retained Earnings" as of 31/12/2018 if you know that retained earnings balance as of 31/12/2017 was $300,000, cash dividends for the year 2016 was $50,000, net income for the year of * ?2017 was $50,000 )2 نقطة( 300,000 O اکید. هيك جوابه؟ ؟ 250,000 50,000 350,000

What is the balance of "Retained Earnings" as of 31/12/2018 if you know that retained earnings balance as of 31/12/2017 was $300,000, cash dividends for the year 2016 was $50,000, net income for the year of * ?2017 was $50,000 )2 نقطة( 300,000 O اکید. هيك جوابه؟ ؟ 250,000 50,000 350,000

Name: 0ZV9 @p V:.)* 100 Jo li.DoneEditforms.office.com aWhat is the balance
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Description: 0ZV9 @p V:.)* 100 Jo li.DoneEditforms.office.com aWhat is the balance of "RetainedEarnings" as of 31/12/2018 if youknow that retained earnings balanceas of 31/12/2017 was $300,000, cashdividends for the year 2016 was$50,000, net income for the year

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter2: Basic Accounting Systems: Cash Basis

Section: Chapter Questions

Problem 2.6P: Financial statements Alpine Realty. Inc., organized July 1. 20Y8, is operated by Angela Griffin. How...

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2. The following data refers to the 2022 year-end account balances for Mastermind. However, the Retained Earnings balance is as of 12/31/2021. The accounts are listed in alphabetical order. $ Accounts Payable 25,000 Accounts Receivable 8,500 Accumulated Depreciation 175,000 Cash 141,613 Common Stock 100,000 Fixed Assets (gross) 410,000 Inventory 135,000 Long Term Debt 111,000 Retained Earnings (2021) 51,992 Salary Payable 11,000 A. Prepare a classified Balance Sheet for Mastermind. B. Calculate Mastermind’s Net Working Capital.
2. The following data refers to the 2022 year-end account balances for Mastermind. However, the Retained Earnings balance is as of 12/31/2021. The accounts are listed in alphabetical order. $ Accounts Payable 25,000 Accounts Receivable 8,500 Accumulated Depreciation 175,000 Cash 141,613 Common Stock 100,000 Fixed Assets (gross) 410,000 Inventory 135,000 Long Term Debt 111,000 Retained Earnings (2021) 51,992 Salary Payable 11,000 A. Prepare a classified Balance Sheet for Mastermind on Sheet 2 of your spreadsheet. Rename Sheet 2 “Balance Sheet”. Include working Excel formulas for all calculations. B. Calculate Mastermind’s Net Working Capital beneath the balance sheet.
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Choose the correct letter of answer: Company F Statement of Financial Positions at December 31, 2020 shows the following: Cash P4,000.00, Marketable Securities P8,000.00, Accounts Receivable P100,000.00, Inventories P120,000.00, Prepaid Expenses P1,000.00, Notes Payable (short term) P5,000.00, Accounts Payable P150,000.00, Accrued Expenses P20,000.00, Income taxes payable P1,000.00, and long-term liabilities P340,000.00. Determine the following: current ratio and quick ratio. a. 1.32 and 0.64b. 1.52 and 0.82c. 1.82 and 0.86d. 1.98 and 1.54e. 2.2 and 2.1
xtract of Balance sheet items as at 31 December 2020 OR Land 35000 Account receivables 3500 Capital 11500 Closing Stock 15000 Loan 3000 Bank overdraft 3200 Cash 2500 Mortagage loan 7500 Machinery 1650 Trade payables 5700 Accumulated Depreciation 1000 Short term Investments 2200 Trade marks 6000 Drawings 1000 Retained Earnings 7150 Prepaid Expenses 2300 Calculate Owners Equity Select one: a. None Of These b. 8900 OMR c. 58250 OMR d. 17650 OMR
Paulson Company had the following on the dates indicated:12/31/18 12/31/17Total assetsTotal liabilities$ 530,00036,000$ 350,00023,000Paulson had no stock transactions in 2018, so the change in stockholders’ equity for 2018 wasdue to net income and dividends. If dividends were $75,000, how much was Paulson’s netincome for 2018? Use the accounting equation and the statement of retained earnings.a. $92,000b. $242,000c. $167,000d. $317,000
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