If beginning retained earnings was 70000 ending retained

Assignment Help Accounting Basics
Reference no: EM13597487

If beginning retained earnings was $70,000, ending retained earnings was $48,000, and cash dividends in the amount of $21,000 were declared and paid, the amount of net income or net loss was?

Reference no: EM13597487

Questions Cloud

Easy decorating uses a job order costing system to collect : easy decorating uses a job order costing system to collect the costs of its interior decorating business. each clients
Yellow companys ax division has capacity of 200000 units : yellow companys ax division has capacity of 200000 units. normal selling price is 22.00 per unit. at current operating
Simpson auto body repair purchased 20000 of machinery the : simpson auto body repair purchased 20000 of machinery. the company paid 8000 in cash at the time of the purchase and
Identify and explain the deficiencies in the statement : you recently joined the internal auditing department of marcus clothing corporation. as one of your first assignments
If beginning retained earnings was 70000 ending retained : if beginning retained earnings was 70000 ending retained earnings was 48000 and cash dividends in the amount of 21000
On july 1 of the current year the assets and liabilities of : on july 1 of the current year the assets and liabilities of wong industries are as follows cash 15000 accounts
Discuss several weaknesses in internal control over : discuss several weaknesses in internal control over information and data flows and the procedures for processing
Near the end of 2012 fairview construction company asks for : preston concrete is a major supplier of concrete to residential and commercial builders in the pacific northwest. the
How has public criticism of the public accounting : 1. while congress believed that sarbanes-oxley would improve corporate corruption and prevent future corporate scandals

Reviews

Write a Review

Accounting Basics Questions & Answers

  What elements must be included in the internal control

what elements should be included in an internal control structure?what is business risk inherent risk audit risk and

  Rand company sells fine collectible statues and has

rand company sells fine collectible statues and has implemented activity-based costing. costs in the shipping

  Credit card fee deductible

If paid the total amount owing of $6858 to ATO via my National Australia Bank Visa Card. A Credit card fee of $45 (equivalent to 0.0065%) was charged by the ATO in relation to this payment. Is this $45 credit card fee deductible?

  An outside supplier has offered to sell 20000 units of part

royal company manufactures 20000 units of part r-3 each year for use on its production line. at this level of activity

  Drawing retirement plan

In 2009, assume that you start with a salary of $100,000, will receive a 3% raise each year, and the interest rate expected will be 6%. You plan to retire in 40 years and draw retirement pay for 20 years.

  How much was the company return on assets

Lake Coffee Company reported net income of $54,000 and net sales totals $800,000. The company's asset turnover ratio is 4.5 times. How much was the company's return on assets?

  Accounts receivable-allowance for doubtful accounts

Prepare the entry to record bad debts expense for the period. Determine the ending balances in Accounts Receivable and Allowance for Doubtful Accounts. What is the net realizable value of the receivables at the end of the period?

  Indirect method assuming net income

Compute the net cash provided by operating activities using the indirect method assuming that net income was $125,000 for the year.

  Is either action unethical

1. What effect would each of the actions that you are considering have on the store's operating income this year? In your opinion, is either action unethical?

  Which of the following is deductible as a medical expense

The cost of which of the following expenses is NOT deductible as a medical expense on Schedule A, before the 7.5% of adjusted gross income limitation?

  Discuss how this course has affected you in your

1. reflect and describe which key concepts and topics in this course have made you a stronger candidate to enter the

  Holden industries began july with a finished-goods

holden industries began july with a finished-goods inventory of 61000. the finished-goods inventory at the end of july

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