What were miller retained earnings

Assignment Help Accounting Basics
Reference no: EM13128702

On January 1, 2011 Miller Corporation had retained earnings of $18,000. During 2010, Miller reported net income of $25,000, declared and paid dividends of $20,000, and issued stock for $10,000. What were Miller's retained earnings on December 31, 2011?

Reference no: EM13128702

Questions Cloud

What is the definition of unrealized intercompany profit : What is the definition of unrealized intercompany profit.
Compute the value of the test statistic t of samples : Average time it takes males to complete a baccalaureate degree in the California public university system. Using the summary data below from the two samples, compute the value of the test statistic t*.
Examine the steps involved in the preparation of an advance : Examine the steps involved in the preparation of an advance plan for the distribution of cash in a partnership liquidation to determine which step is the most difficult to execute correctly. Discuss possible ways to address the difficulties you id..
Measuring concentration of acetic acid : Measuring concentration of acetic acid and other organic acids in an aqueous solution, What analytical method would be employed to measure and determine the concentration of each acid in solution. Would this be a GC/MS analysis
What were miller retained earnings : On January 1, 2011 Miller Corporation had retained earnings of $18,000. During 2010, Miller reported net income of $25,000, declared and paid dividends of $20,000, and issued stock for $10,000. What were Miller's retained earnings on December 31, ..
Describe minimize fraudulent activities in organizations : In your opinion, as a body of rules and regulations, Describe whether or not the rules and regulations are sufficient to minimize fraudulent activities in organizations.
Calculate the dollar amount of each type of service : Rapid Auto has over 200 auto-maintenance service outlets nationwide. It provides primarily two lines of service: oil changes and brake repair.
Discuss how the differences in the two approaches ifrs-gaap : Explain whether you prefer the IFRS or GAAP approach taxes and state why. Discuss how the differences in the two approaches (IFRS and GAAP) might be resolved in the convergence process.
Proportion of unemployed college student of margin of error : What size sample would be required to estimate the proportion of unemployed college students if we want the margin of error not to exceed 3 percent?

Reviews

Write a Review

Accounting Basics Questions & Answers

  List some accounting information system

List some Accounting Information system (AIS) and Management information system.

  Technical and accounting specific language

Prepare the report using highly technical and accounting specific language to show that you are qualified to give the presentation.

  Determine the fixed shipping costs per quarter

If present cost behavior patterns continue, determine total shipping costs for 19X7 if activity amounts to 570 orders.

  What is the current growth rate in the economy

Budgeting is an important internal activity. Preparing budgets involve forecasting sales and estimating costs. For this SLP, you will prepare a flexible budget for next year for the company of your choice. The budget needs to be realistic and base..

  What is the bonds yield to maturity

You just purchased a bond that matures in 4 years. The bond has a face value of $1,000 and has an 9% annual coupon. The bond has a current yield of 7.63%. What is the bond's yield to maturity? Round your answer to two decimal places.

  At what amount would the bonds be issued

The Ness Company sells $5,000,000 of five-year, 10% bonds on January 1, 2011. The bonds have an effective yield of 9%.

  Explain a profit-sharing plan for employees

Giving each salesperson the compensation option of choosing either a low salary and a high- percentage sales commission or a high salary and a low-percentage sales commission.

  Prepare journal entries to record the sale, cash collections

Prepare journal entries to record the sale, cash collections, and recognition of gross profit (if appropriate) in 2010, 2011, and 2012.

  Amount of current assets

Assume total liabilities are $40,000, total stockholders' equity $75,000, and all assets, other than current assets, total $50,000. What would be the amount of current assets?

  Bond market price of callaghan motors

Callaghan Motors' bonds have 10 years remaining to maturity. Interest is paid annually; they have a $1,000 par value; the coupon interest rate is 8 percent

  Planning functions of controllership

Why is essential that the planning functions of controllership can help an organization effectively and efficiently achieve a goal?

  Earnings per share problem

For 2010 Kuhlman Corporation reported net income of $28,000; net sales $400,000; and average share outstanding 6,000. There were no preferred stock dividends. What was the 2010 earnings per share?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd