Calculate ending retained earnings
Beginning retained earnings | 43600 |
Add: Net income | 6600 |
Less: Dividend | -5775 |
Ending retained earnings | 44425 |
A company had a beginning balance in retained earnings of $43,600. It had net income of...
A company had a beginning balance in retained earnings of $430,000. It had net income of $60,000 and paid out cash dividends of $56,250 in the current period. The ending balance in retained earnings equals: $426,250. $433,750. $490,000. $546,250 $116,250
A company had a beginning balance in retained earnings of $44,300. It had net income of $7,300 and paid out cash dividends of $5,950 in the current period. The ending balance in retained earnings equals: Multiple Choice $45,650. $13,250. $42,950. $57,550. $5,950.
A company had a beginning balance in retained earnings of $400,000. It had net income of $50,000 and declared and paid cash dividends of $55,000 in the current period. The ending balance in retained earnings equals: Multiple Choice O $505,000 о $455,000. о $350,000.
HUD, Co. had a beginning retained earnings of $28,655. For the year, the company had net income of $5,490 and paid dividends of $1,980. The company also issued $3,580 in new stock during the year. What is the ending retained earnings balance?
Webster Company has a beginning balance in Retained Earnings of $17,000. They earned a net income of $3,000 during the year and paid out $6,000 in dividends. What is the ending balance in Webster Companies Retained Earnings account at the end of the year? (Answer in whole $s without the $ sign or comma, i.e. 12345.)
Petro Inc. had a beginning balance in retained earnings on January 1, 2018 of $44,300. The Company's Cash balance orn January 1, 2018 was $41,000 and had decreased to a Cash balance on Dec ember 31, 2018 of $14,500. Petro's net income for 2018 was $7.300 and the Company paid out cash dividends of $5,950 during 2018. What should be Petro Iinc's Retained Earnings ending balance on December 31, 2018? Mutiple Choice 42.950 $57,550 $13.250 C Prev 22 o 34...
The Brandon Company had an ending balance in retained earnings of $100,000. During the year it paid dividends of $25,000 and had net income of $75,000. It also had other comprehensive income (foreign currency gain) of $10,000. What was beginning retained earnings? $50,000 O $150,000 $40,000 $ 140,000
T or F: Retained Earnings – The beginning account balance is increased for Net Income and decreased for payment of dividends to arrive at the ending balance for the accounting period. (If false, identify and correct the error.)
6) Complete the following Retained Earnings Statement for the Sunset Sailboat Company. Information: Beginning Retained Earnings, $27,000; Net Income, $15,000; Common Stock Cash Dividends, $3,000; Prior Period Adjustment, the accountants missed a $2,500 expense from last year; Preferred Stock Cash Dividends, $2,000. Retained Earnings Statement Beginning Retained Earnings, January 1 Prior Period Adjustment Adjusted Retained Earnings Balance, January 1 Net Income (Loss) Less: Common Stock Cash Dividends Less: Preferred Stock Cash Dividends Ending Retained Earnings, December 31
The balance in retained earnings prior to the closing process equals: Multiple Choice the balance at the end of the previous accounting period. beginning retained earnings plus the current period's net income. beginning retained earnings plus the current period's net income minus the current period's dividends declared. the cash balance on the balance sheet.