What is ABC profit - loss for the year

Assignment Help Accounting Basics
Reference no: EM133095154

Question - At the start of the year, ABC Company had total assets of $21,891 and total liabilities of $5,357. Total revenues and total expenses for the year is $9,351 and $18854 respectively. During the year, the company did not issue any common stock, but it did declare and pay dividends of $3,333. What is ABC profit / loss for the year?

Reference no: EM133095154

Questions Cloud

How much was the gain or loss recognized : The entity recognized interest expense of $12,000 in the 2021 income statement. How much was the gain or loss recognized in the income statement
What type of model are computer simulations : What type of model are computer simulations and what is the primary use for these types of models?
Provide research that supports the idea : There is no minimum required slide count, the content on the slides is more important than the number of slides. Include notes on each slide with a dialogue of
Maintains medical laboratory equipment performance : You are currently recruiting for a lab manager at a clinical testing facility; the lab collects patients' blood samples and detects health conditions such as an
What is ABC profit - loss for the year : During the year, the company did not issue any common stock, but it did declare and pay dividends of $3,333. What is ABC profit / loss for the year
Explain the examples of orientation : What examples of orientation have you had as a new hire that have been particularly effective or ineffective? Explain.
Analyzing a complex ethical dilemma : Describe what ethical principles and processes you would incorporate into analyzing a complex ethical dilemma.
Interview applicants for a union job with company : State all information and documents you would want to have to conduct the interviews.
Human resource recruitment and selection : Select one of the jobs that members of the group have completed for individual assignment #2. (Human resource recruitment and selection)

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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