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Statement of Retained EarningsLandon Corporation was organized on January 2, 2010, with the investment of $100,000 by each of its two stockholders. Net income for its first year of business was $85,200. Net income increased during 2011 to $125,320 and to $145,480 during 2012. Landon paid $20,000 in dividends to each of the two stockholders in each of the three years.Prepare a statement of retained earnings for the year ended December 31, 2012.I'd like to understand how you got the answer. I've got part of it right. I know the net income for 2012 is $145,480 and I know the Dividends paid were -40,000. I need the retained earnings Jan 1st 2012 and then the Retained earnings Dec 31 2012.Retained Earnings Jan 1 2012 ?Net Income 2012 145,480Dividends paid -40,000Retained Earnings Dec 31 2012 ?
Q. Compute the present value? The offer for the manufacturing rights is for a ten-year period. Annual after-tax cash flow after Year 4 = $660000 Present value of this c
Introduction to Pension funds Pension funds are normally set up to provide pension benefits to employees who have retired. The pension funds receive contributions mainly from e
what is the profitability of
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I would like you to take the second set of data from session 8 (the one you worked with in the first participation exercise) and do the following: 1. Determine the number of gr
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During the course you will be required to develop a Course Project having to do with writing notes for a fictitious annual report.
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