Determine the company ending retained earnings

Assignment Help Accounting Basics
Reference no: EM133147463

Question - Using the following information of JSM Corp:

Net Income = $95,000,000

Beginning retained earnings = $240,000,000

Dividends paid = $20,000,000

Dividends declared = $30,000,000

Required - Determine the company ending retained earnings?

a) $315,000,000

b) $305,000,000

c) $115,000,000

d) No answer text provided.

Reference no: EM133147463

Questions Cloud

Need discussion posts from accounting perspective : Different Discussion Forum posts each consisting of 600 words from accounting perspective each on a different subject. The post should include 3 headings such
Determine the chemical economic order quantity : Question - The National Company uses 150,000 gallons of hydrochloric acid per month. Determine the chemical economic order quantity
What is the annual carrying cost per unit : The following data refer to various annual costs relating to the inventory of a single-product company: What is the annual carrying cost per unit
How much will national co need to borrow : National Co. needs to borrow P300,000 for the next 6 months. How much will National Co. need to borrow
Determine the company ending retained earnings : Using the following information of JSM Corp: Net Income = $95,000,000. Determine the company ending retained earnings
What is total of the credit balances in hong trial balance : Hong has extracted the following list of balances from her general ledger at 31 December 2021: What is total of the credit balances in Hong trial balance
Determine the adjusted accounts payable as of december : Remaining workdays in 2020 were December 29, 30, 31, on which days there was no overtime. Determine the Adjusted accounts payable as of December
What is international market research : Researchers were interested in researching factors deemed to be of interest for extending human lifespan. one of those factors was hypothesized to be the intake
Provide the balance sheet disclosure for the mortgage note : Provide the balance sheet disclosure for the mortgage note payable at December 31, 2022, being specific about the classifications

Reviews

Write a Review

Accounting Basics Questions & Answers

  Determine the amount allocated to each product

Determine the amount allocated to each product if the constant gross profit margin percentage method is used

  What should the futures price for a five-month contract be

A stock index currently stands at 338. The risk-free interest rate is 7.4% per annum. What should the futures price for a five-month contract be

  What are the ramifications to accountants

Sarbanes oxley act is a fedral act, which was introduced to protect the interest of shareholders, employees and public from account ting error.

  What is the net cash flows from operating activities

Lense Laboratories' net income was $260,000. What is the net cash flows from operating activities for Lense Laboratories

  Identify safeguards that lizards corporation can develop

Identify safeguards that Lizards Corporation can develop to provide physical security for its (a) computer equipment, (b) files, and (c) EDP facilities

  What is the most appropriate translation method

An example using a specific company that conducts business both in the U.S. and at least one other country would be most appropriate in answering this question and most appreciated.

  Fayes adjusted basis for the stock

Fifteen months later, he sells it to Faye for its fair market value of 39,000. Determine Iva's recognized loss, Joshua's recognized gain or loss, and Faye's adjusted basis for the stock.

  What are the total prevention costs

Problem: Three Dog Bite Company. Warranty claims $ 170,000 Product liability lawsuits 200,000 Rework costs 600,000 Quality training 505,000.

  On august 10 jameson corporation reacquired 8000 shares of

on august 10 jameson corporation reacquired 8000 shares of its 100 par value common stock at 134. the stock was

  Current federal income tax liability

What amount should Munoz report as its current federal income tax liability on its December 31, 2011 balance sheet?

  Differences between tax and accounting income

Woody Corp. had taxable income of $8,000 in the current year. The amount of MACRS depreciation was $3,000 while the amount of depreciation reported in the income statement was $1,000. Assuming no other differences between tax and accounting income..

  Last month kallina company had a 9202 profit on sales of

last month kallina company had a 9202 profit on sales of 285000. fixed costs are 113348 a month. what sales revenue is

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