Reference no: EM131219203
As of December 31, 2014, Post Company had total cash of $153,000, notes payable of $85,300, and common stock of $52,100. During 2015, Post earned $33,000 of cash revenue, paid $18,500 for cash expenses, and paid a $2,700 cash dividend to the stockholders.
Required
a. Determine the amount of retained earnings as of December 31, 2014.
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Inventory-cost-flows accounting method
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Inventory-cost-flows accounting method
: Rocking Chair Manufacturing, Inc. has the following dollar amounts associated with manufacturing the Rocking Chairs it’s intended on selling. The first 5 Rocking Chairs in inventory have a total cost of $100 each. The next 10 has a total cost of $95 ..
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: As of December 31, 2014, Post Company had total cash of $153,000, notes payable of $85,300, and common stock of $52,100. During 2015, Post earned $33,000 of cash revenue, paid $18,500 for cash expenses, and paid a $2,700 cash dividend to the stockhol..
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Determine the amount of retained earnings
: As of December 31, 2014, Post Company had total cash of $153,000, notes payable of $85,300, and common stock of $52,100. During 2015, Post earned $33,000 of cash revenue, paid $18,500 for cash expenses, and paid a $2,700 cash dividend to the stockhol..
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