What is the ending balance for retained earnings

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.

User Account

All Pages