What was company net income

Assignment Help Accounting Basics
Reference no: EM131912595

Question - The following summary balance sheet account categories of Company increased during 2013 by the amount shown:

Assets $178,000

Capital Stock $120,000

Liabilities $54,000

APIC $12,000

The only change to retained earnings during 2013 was for $26,000 of dividends. What was Company's net income for 2013?

Reference no: EM131912595

Questions Cloud

What is the income from discontinued operations : Ignoring taxes, what is the income (loss) from discontinued operations and what is the gain (loss) from discontinued operations
The standard deviation of the return on portfolio : A portfolio is composed of two stocks, A and B. Stock A has a standard deviation of return of 35%, The standard deviation of the return on this portfolio is ___
What amount should be reported as current liabilities : Using the following information what amount should be reported as current liabilities and what is the working capital
Explain why the team number field is in the player table : Explain why the Team Number field is in the PLAYER table. Describe the procedure for finding the name of the city in which player number 3002 is based.
What was company net income : The only change to retained earnings during 2013 was for $26,000 of dividends. What was Company's net income for 2013
Conducting an initial analysis of credit information : Her primary responsibility is reviewing loan applications for completeness and conducting an initial analysis of the credit information.
What amount should company report as cash paid : If Company uses the DIRECT METHOD, what amount should Company report as cash paid to suppliers in its 2014 statement of cash flows
Before the addition of any potassium hydroxide : Determine the pH during the titration of 14.7 mL of 0.218 M nitric acid by 0.138 M potassium hydroxide at the following points:
Determine the ph during the titration : Determine the pH during the titration of 29.3 mL of 0.278 M hydroiodic acid by 0.274 M sodium hydroxide at the following points:

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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