Relationships among the financial statements

Assignment Help Accounting Basics

Reference no: EM131812149

Relationships Among the Financial Statements

The following information for Kellman Inc. is available at the end of 2013.

Total assets on 12/31/2012		$72,300
Total assets on 12/31/2013		78,400
Total liabilities on 12/31/2012		12,100
Total liabilities on 12/31/2013		9,800
Common stock on 12/31/2012		50,000
Common stock on 12/31/2013		50,000
Net income for 2013		14,700

Required:

Calculate the amount of dividends reported on the retained earnings statement for 2013.

Reference no: EM131812149

Questions Cloud

Refinancing of short-term debt : On December 31, 2017, Hattie McDaniel Company had $1, 200,000 of short-term debt in the form of notes payable due February 2, 2018.

Find expected length of time until system has j customers : Consider an M/M/1 queuing system in which customers arrive according to a Poisson process with rate ?, and service times are exponential with mean 1/?.

Perpetual inventory system : Reid Supply uses a perpetual inventory system. Their beginning inventory included 15 backpacks at a cost of $20 each. During September

Find birth and death rates of the birth and death process : In Springfield, Massachusetts, people drive their cars to a state inspection center for annual safety and emission certification at a Poisson rate of ?.

Relationships among the financial statements : The following information for Kellman Inc. is available at the end of 2013.

What is the relevant range : A chain of convenience stores has one manager per store who is paid a monthly salary. Relative to Store #36 located in Atlanta, Georgia, is the manager's salary

Discuss the eker quote as it pertains to your experience : How you do anything is how you do everything. - T. Harv Eker. Discuss the Eker quote as it pertains to your professional experience and the material.

Prepare a schedule indicating cash payments : Prepare a schedule indicating cash payments for operating expenses for June, July, and August

Discuss what is the current price of the bonds : the market interest on these bonds is 5.5%. What is the current price of the bonds, given that they now have 19 years to maturity

User Account

All Pages