What is the ending balance for retained earnings

Assignment Help Accounting Basics
Reference no: EM131021842

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?

Reference no: EM131021842

Questions Cloud

How much can its short-term debt increase without pushing : The Petry Company has $2,266,000 in current assets and $929,060 in current liabilities. Its initial inventory level is $589,160, and it will raise funds as additional notes payable and use them to increase inventory. How much can its short-term debt ..
Suppose a proposed public policy could result : Suppose a proposed public policy could result in three possible outcomes: (1) present value of net benefits of $5,000,000 (2) present value of net benefits of $1,000,000 or (3) present value of net benefits of -$12,000,000 (loss). Suppose society is ..
Which of the following is included in the cash flows : Which of the following is included in the cash flows from financing activities section of the statement of cash flows?
Create a pie chart for your business income and spending : Create a label called "Income" and add your monthly business income in the next cell: $42000.
What is the ending balance for retained earnings : 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:
Calculate the required rate of return on ordinary shares : Calculate the required rate of return on ordinary shares of the above two banks using Capital Asset Pricing Model.
Describe the project life cycle model used in organization : Write a four-page summary of the project including all the elements listed in the instructions. At least two references must be used and one of them must be obtained from an Online Library peer review.
A comparison of the statement with the cash account : On May 31, 2014, Reber Company had a cash balance per books of $7,196.50. The bank statement from New York State Bank on that date showed a balance of $6,819.60. A comparison of the statement with the cash account revealed the following facts.
What impact did this have on teamwork : Temporary teams are an integral part of an organization's success. Describe some of the key components of temporary teams. Also, explain how temporary teams impact teamwork in the entire organization.

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