Statement of cash flows for the fiscal year

Assignment Help Financial Accounting

Reference no: EM13913747

The accountant for Huckleberry Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available:

Retained earnings balance at the beginning of the year	$151,000
Cash dividends declared for the year	$46,000
Net income for the year	$92,000

What is the ending balance for retained earnings?

a. $264,000.

b. $13,000.

c. $243,000.

d. $197,000.

e. $105,000.

Reference no: EM13913747

Questions Cloud

Should you withhold federal income taxes on the total gross : Barbri Company ordinarily pays its employees on a weekly basis. Recently, one of the employees, Bernard Nagle, was sent from the home office on a three-week rip. Nagle has now returned to the office, and you are preparing a single check covering his ..

Distributed between the firms creditors and shareholders : In general, how is the increase in the value of the firm produced by a positive net present value project distributed between the firm’s creditors and shareholders?

Direct write-off method : Prepare all the appropriate journal entries related to this situation assuming Winchester uses an allowance method.Prepare all the appropriate journal entries related to this situation assuming Winchester uses the direct write-off method.

About the constant growth valuation : Boehm Incorporated is expected to pay a $1.30 per share dividend at the end of this year (i.e., D1 = $1.30). The dividend is expected to grow at a constant rate of 4% a year. The required rate of return on the stock, rs, is 15%. What is the value per..

Statement of cash flows for the fiscal year : The accountant for Huckleberry Company is preparing the company's statement of cash flows for the fiscal year just ended.

Rena reynolds one of your firms workers : Rena Reynolds, one of your firm's workers, has just come into the payroll department and says to you: "I am thinking of amending my Form W-4 so that an additional $10 is withheld each week. That way I will get a fat refund next year."

Assume market is in equilibrium with required return equal : Nick's Enchiladas Incorporated has preferred stock outstanding that pays a dividend of $4 at the end of each year. The preferred sells for $45 a share. What is the stock's required rate of return (assume the market is in equilibrium with the required..

What is the estimated required rate of return on stock : Woidtke Manufacturing's stock currently sells for $40 a share. The stock just paid a dividend of $1.00 a share (i.e., D0 = $1.00), and the dividend is expected to grow forever at a constant rate of 5% a year. What stock price is expected 1 year from ..

Question regarding the angular accelerations : A centrifuge is used and runs at 3600 rpm. When it is shut off it comes to a stop. If it completed 30 revolutions in the time from the maximum speed to when it stopped, what was the angular accelerations assuming it was constant?

User Account

All Pages