User Account

All Pages

What was the balance of retained earnings

Assignment Help Accounting Basics
Reference no: EM132140660

Question - Kripke Company reported net income for fiscal 2016 of $7,215 million, retained earnings at the start of the year of $71,993 million and dividends of $7,448 million, and other transactions with shareholders that increased retained earnings during the year by $14 million.

If there were no additional transactions during the year that affected retained earnings, what was the balance of retained earnings at the end of the year?

$ 47,729 million

$ 38,748 million

$ 71,774 million

$ 124,926 million

There is not enough information to calculate the amount.

Reference no: EM132140660

Questions Cloud

What cash proceeds did lucky treasures receive : The discount rate of interest for such bonds on April 1, 2013, is 10%. What cash proceeds did Lucky Treasures receive from the issuance of the bonds
What entry will they report to record the supplies : Patty's Party Planners has the calendar year as its fiscal year and makes adjusting entries on a yearly basis. What entry will they report to record supplies
How busy are the customer service champions : Consider a base case where a customer arrives every 40 seconds and the Customer Service Champion can handle 120 customers per hour.
How much tax revenue is collected : Suppose the government imposes a tax of $6 per unit on this market. How much tax revenue is collected?
What was the balance of retained earnings : If there were no additional transactions during the year that affected retained earnings, what was the balance of retained earnings at the end of the year
What is the money multiplier : Suppose the Federal Reserve sets the reserve requirement at 15 percent, banks hold no excess reserves, and no additional currency is held.
Relationship between organizational culture and performance : What does the research evidence say about the three theories concerning the relationship between organizational culture and, performance.
Marx approach to capitalist globalization : What are the differences between the classic Marx approach to capitalist globalization and the "world systems theory"?
Explain the fact of how it occurs : Define the international Fisher Effect and explain the fact of how it occurs. Is there any deviation from it?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Compute cost of goods sold

Calculate average-cost per unit. Larkspur Company is a multi product firm. Presented below is information concerning one of its products

  Determine the estimated inventory loss due to the fire

The April 30, 2016 inventory value was $800,000. Using the Gross Profit Method determine the estimated inventory loss due to the fire

  What amount should be accrued for the loss contingency

What amount should be accrued for the loss contingency, The company has insurance coverage in the amount of $1,000,000 with a deductible of $250,000

  Sabranes-oxley regulations have given the securites and

sabranes-oxley regulations have given the securites and exchange commission new powers. list these guidelines and

  During 2015 stout inc had the following activities related

During 2015, Stout Inc. had the following activities related to its financial operations: The amount of net cash used in financing activities to appear in Stout's statement of cash flows for 2015 should be.

  Prepare the journal entry to record depletion for the ?rst

Prepare the journal entry to record depletion for the ?rst year, Show how this mine is reported on the balance sheet at the end of the ?rst year

  Newco inc had current earnings and profits of 50000 when it

newco inc. had current earnings and profits of 50000 when it made a nonliquidating distribution to an individual

  Prepare the customer profitability graph and profile

Prepare the customer profitability graph. Prepare the customer profitability profile. Comment on the result.

  What term will you obtain from the equation

You work for a manufacturing firm and you are considering the purchase of a new CNC Milling machine. This will replace your current manual milling machine.

  What was lance murdock rate of return

What was Lance Murdock's rate of return, that is, the value of i? Enter a negative percentage for a loss

  List factors that have a strong influence on project success

List factors that have a strong influence on project success.

  Compute the best combined forecast

An experienced marketing specialist has an error variance of 4.5 while a computer model has an error variance of 5.6. The expert predicts 210 as the sales.

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