If beginning retained earnings was 70000 ending retained

Assignment Help Accounting Basics
Reference no: EM13597487

If beginning retained earnings was $70,000, ending retained earnings was $48,000, and cash dividends in the amount of $21,000 were declared and paid, the amount of net income or net loss was?

Reference no: EM13597487

Questions Cloud

Easy decorating uses a job order costing system to collect : easy decorating uses a job order costing system to collect the costs of its interior decorating business. each clients
Yellow companys ax division has capacity of 200000 units : yellow companys ax division has capacity of 200000 units. normal selling price is 22.00 per unit. at current operating
Simpson auto body repair purchased 20000 of machinery the : simpson auto body repair purchased 20000 of machinery. the company paid 8000 in cash at the time of the purchase and
Identify and explain the deficiencies in the statement : you recently joined the internal auditing department of marcus clothing corporation. as one of your first assignments
If beginning retained earnings was 70000 ending retained : if beginning retained earnings was 70000 ending retained earnings was 48000 and cash dividends in the amount of 21000
On july 1 of the current year the assets and liabilities of : on july 1 of the current year the assets and liabilities of wong industries are as follows cash 15000 accounts
Discuss several weaknesses in internal control over : discuss several weaknesses in internal control over information and data flows and the procedures for processing
Near the end of 2012 fairview construction company asks for : preston concrete is a major supplier of concrete to residential and commercial builders in the pacific northwest. the
How has public criticism of the public accounting : 1. while congress believed that sarbanes-oxley would improve corporate corruption and prevent future corporate scandals

Reviews

Write a Review

Accounting Basics Questions & Answers

  Amount of depreciation expense on consolidated income

On their separate 2009 income statements, Payton and Starker reported depreciation expense of $84,000 and $60,000, respectively. The amount of depreciation expense on the consolidated income statement for 2009 would have been :

  Shannon inc has been manufacturing its own shades for its

shannon inc. has been manufacturing its own shades for its table lamps. the company is currently operating at 100 of

  Activity cost pools to allocate overhead costs

If Granberry Enterprises uses the three activity cost pools to allocate overhead costs, what are the activity-cost driver rates for supervision of direct labor, machine maintenance, and facility rent, respectively?

  Amount of depreciation needs to be recaptured

The factory building was transferred to his son, John, as an inheritance at the time of wade's death and John sells it immediately after inheriting it at a gain of $30,000 based on the original cost. What amount of depreciation needs to be recaptu..

  Many companies now manufacture products that are untouched

1. proprty taxes on na manufacturing plant are an element of aproduct cost period cost1. yes no2. yes yes3. no yes4. no

  Calculate the number of units circle must sell to break even

Circle Corporation makes a product that sells for $400 per unit. The variable costs to make this product are $220 per unit. Fixed costs total $750,000 for the year. Circle currently sells 5,000 units each year.

  What is faith adjusted basis for her one-tenth undivided

Faith inherited an undivided interest in a parcel of land from her father on February 15, 2005. Her father had purchased the land on August 25, 1965, and his basis for the land was $325,000.

  Transaction analysis-various accounts

Prepare an answer sheet with the following column headings. For each of the following transactions or adjustments, indicate the effect of the transaction or adjustment on assets, liabilities, and net income by entering for each account affected th..

  The treasury stock purchased in the above question was

the treasury stock purchased in the above question was resold by chen inc. for 15000. what effect does this transaction

  Prepare truck divisions variable overhead variances

Prepare Truck Divisions variable overhead variances for October

  How is interest income and interest expense reflected

describe the Statement of Cash Flows for a public college. Should the direct method be used? OR can the indirect method be used? What are the reconciliation starting and ending points? Is the cash flow statement similar to any that are produced fo..

  Despite its many drawbacks with the code some folks think

despite its many drawbacks with the code some folks think that it does raise and support collection of large sums of

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