10. Sunny Corp. had a net incomeduring 2018 of $200m, and afterpaying out dividends toshareholders, retained some of itsearnings during in the company.After this transaction, the balancesheet account “retained earnings" ofthe company on December 31st 2018was $840m, and the balance ofretained earnings on December 31st2017 was $700m.The dividend paidto shareholders during the year 2018*was$60m$20m$24m$26mNone of the above

Net income = $200m Opening retained earning = $700m Closing retained earning = $840m

Answered: 10. Sunny Corp. had a net income during…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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C. Reither Co. reports the following information for 2025: sales revenue $700,000 cost of goodssold $500,000, operating expenses $80,000, and an unreliazed holding loss on available-for-sale debt securities of 2025 of $60,000. It declared and paid a cash dividend of $10,000 in 2025. C. Reither Co. has Janaury 1, 2025, balances in common stock $350,000; accumulated other comprehensive income $80,000; and retained earnings $90,000. It issued no stock during 2025. Prepare a statement of stockholders' equity. (Ignore income taxes).
The balance sheet of Zinc Industries, a producer of zinc, showed retained earnings of $37,000 on its January 31, 2020 balance sheet. On its January 31, 2021 balance sheet, retained earnings was $40,000. Zinc Industries reported net income for the year ended January 31, 2021, of $25,000. How much dividend did Zinc Industries declare and pay during the year ended January 31, 2021? Select one: a. $28,000 b. $22,000 c. $25,000 d. $32,000 e. $15,000
The retained earnings of Volga plc at 1 March 2020 were £450,550. The retained earnings at 28 Febuary 2021 were £875,000. The pofit for the year is £581,450. What was the total dividend paid by Volga plc during the year?
. Moody Instruments had retained earnings of $300,000 at December 31, 2017. Netincome for 2018 totaled $200,000, and dividends declared for 2018 were $55,000. How muchretained earnings should Moody report at December 31, 2018?a. $500,000b. $445,000c. $300,000d. $355,000
Grant Inc. reported retained earnings of $287,000 on its balance sheet on 12/31/2020, and it had $66,000 of net income during the year. The year before, on 12/31/2019, the company had reported $238,000 of retained earnings. No shares were issued or repurchased during 2020. How much dividends did the firm pay in 2020?
Windsor, Inc. began the year with retained earnings of $107000. During 2022, the company issued $79500 of common stock for cash. The company recorded revenues of $760000, expenses of $627000, and paid dividends of $38000. What was Windsor's net income for the year 2022? O $133000 O $95000 O $212500 O $174500
Blossom Company has retained earnings of $ 1,540,000 at January 1, 2017. Net income during 2017 was $ 590,000 and cash dividends declared during the year totaled $ 129,000. Prepare a retained earnings statement for the year ended December 31, 2017. (List items that increase retained earnings fırst.) BLOSSOM COMPANY Retained Earnings Statement V : $ %24 %24 >
For the year ending December 31, 2022, Sheridan Inc. reports net income $147,000 and cash dividends $88,500. Determine the balance in retained earnings at December 31, assuming the balance in retained earnings on January 1, 2022, was $223,500. Balance in retained earnings %24
1. During 2021, Target Corporation had: Revenue of $623,000 Cost of Goods Sold of $250,000 Operating expenses of $68,000 Interest expense of $4,000 Depreciation Expense of $13,000 During the year Target Corporation paid: 50% of net income in dividends 21% in corporate taxes a. Prepare a multi-step income statement on Sheet 1 of your spreadsheet. Include the dividend and additions to Retained Earnings below the income statement. b. Calculate Target's Operating Cash Flow beneath the Income Statement. 2. The following data refers to the 2021 year-end account balances for Target. However, the Retained Earnings balance is as of 12/31/2020. The accounts are listed in alphabetical order. $ Accounts Payable 25,000 Accounts Receivable 16,000 Accumulated Depreciation 175,000 Cash 44,000 Common Stock 120,000 Fixed Assets (gross) 390,000…
19. Caterpillar Inc. reports net income for 2013 of $ 3,789 million, retained earnings at the end of the year of $31,854 million, and dividends distributed during the $1,493 million. Assume there is no other transactions on retained earnings. What was the company's retained earnings balance at the start of 2013? A. $29,558 million year of B. $30,361 million C. $28,065 million D. $26,572 million Your answer is
The ledger of DIVA Co. shows the follow data: Retained Earnings Date Particulars Debit Credit 01/01/2012 Balance 40,300 06/30/2012 Dividends paid 12,500 12/31/2012 Net income for 2012 21,250 02/07/2013 Premium on share capital 5,000 04/30/2013 Loss on sale of land 2,500 09/30/2013 Dividends paid 10,000 12/31/2013 Net income for 2013 2,900 12/31/2013 Revaluation surplus 20,000 07/01/2014 Gain on sale of treasury stock 800 12/31/2014 Net income 2014 16,850 Unrealized loss on FVOCI securities 1,700 Compute for the correct balance of Retained Earnings on December 31, 2014.
4. An entity provided the following information on December 31, 2015:Total reported income since incorporation 1,700,000Total cash dividends paid ( 800,000)Unrealized holding loss on trading investment ( 120,000)Total share dividends distributed ( 200,000)Prior period adjustment recorded January 1, 2015 - credit 75,000What amount should be reported as retained earnings on December 31, 2015?

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