User Account

All Pages

What is amount of retained earnings

Assignment Help Financial Accounting
Reference no: EM133239537

Question

Berg Industries began 2021 with retained earnings balance of $736,000. During 2021, the firm earned $282,000 after taxes. From this amount, preferred stock holders were paid $41,000 in dividends and common stock dividends were $178,000. What is the amount of retained earnings at December 31, 2021?

Reference no: EM133239537

Questions Cloud

Principles of value-based leadership : PART I: Identify the 3 Leadership Principles discussed by Harry Kraemer early in his presentation. Once you have identified them, please discuss each one in ter
After-tax cash flow from sale of the equipment : What is the after-tax cash flow from the sale of the equipment?
Determine aram taxable income : Determine Aram's taxable income and how much of the income will be taxed at ordinary rates in each of the following alternative scenarios
Discuss what areas of your social media activity reflect : Discuss what areas of your social media activity reflect Christian values as they relate to respecting human value and dignity for all individuals
What is amount of retained earnings : Berg Industries began 2021 with retained earnings balance of $736,000. During 2021, the firm earned $282,000 after taxes
Which risk area does fraudulent accounting best fit and why : If Enron's risk manager organized its ERM program into hazard, operational, financial, and strategic risks, which risk area does fraudulent accounting best fit
Average cash conversion cycle : What is the average cash conversion cycle for the En-Gene Company?
Calculate company accounts payable turnover : Calculate the company's accounts payable turnover and days payable outstanding (DPO) for 2016 and 2017.
Discuss the six models of managing change : Discuss the six models of managing change and which you think would work best in the KSA business environment and why

Reviews

Write a Review

Financial Accounting Questions & Answers

  Compute the amount of property taxes required to be levied

Compute the amount of property taxes required to be levied. A company determines that it needs to raise $3,500,000 in property taxes to balance

  Explain how the payments would be treated for tax purpose

Calculate the tax (benefit) to Mark (Elizabeth) if the payments qualify as part of the alimony payments. Assume that Mark has a marginal tax rate of 20 percent

  Discuss the coronavirus impact on the two accounting

List Eight accounting considerations that are impacted by the Coronavirus 2019 disease. discuss the coronavirus impact on these two accounting

  What the net sales of Shauna company

Shauna calculated the net sales for her company using the following figures: Gross sales = $72,900. What the net sales of Shauna company

  Journal entry reflects the adjusting entry

Which journal entry reflects the adjusting entry needed on December 31? In November, BOC received a $5,000 cash deposit from a customer for custom-build goods that will be delivered in January (BOC recorded an entry for this $5,000 in November). Now,..

  Compute the expected valuation of the company

Compute the expected valuation of the company, if: The dividend is expected to grow at a rate of 4% p.a. into the foreseeable future

  Identify one expense of a mutual fund

Identify one expense of a mutual fund and briefly explain why management charges this fee. Why might investors be concerned with this fee?

  What is a reasonable valuation to place on Franklin Co stock

While the Treasury rate is 6.25% and the risk premium on the market is 5.5%. What is a reasonable valuation to place on Franklin Co.'s stock

  How much of your total repayment is for interest

You have borrowed $100,000 to provide working capital to start your new community health center. How much of your total repayment is for interest

  Which would not be a taxable benefit

Which would not be a taxable benefit? A meal allowance is paid to an employee who infrequently and occasionally works overtime, less than three times week

  Lastly the allowance for doubtful accounts looks pretty low

lastly the allowance for doubtful accounts looks pretty low. ar goes up but allowance goes down? i need a divide

  Discuss what is the importance of good ethics

What is the importance of good ethics. Why should we be concerned about our actions

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd