Bodie Corporation reported the following amounts in its financial statements: Retained earnings, Jan. 1, 2023 $77,911 Retained earnings, Dec. 31, 2023 $135,328 Net income, 2023 $95,139 $ What were the dividends declared and paid in 2023?
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- Prince Corporations accounts provided the following information at December 31, 2019: What should be the current balance of retained earnings? a. 520,000 b. 580,000 c. 610,000 d. 670,000Various Dividends Carlyon Company listed the following items in its December 31, 2018, financial statements: During 2019, the following transactions occurred: Required:Bodie Corporation reported the following amounts in its financial statements: Retained earnings, Jan. 1, 2018 $79842 Retained earnings, Dec. 31, 2018 $60120 Net income, 2018 $53440 What were the dividends declared and paid in 2018? $___________
- For the year ending December 31, 2022, Sheridan Inc. reports net income S147,000 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 %24Refer to the data below. Retained earnings, December 31, 2020 $ 416,840 Net decrease in total assets during 2020 63,580 Net increase in accounts receivable in 2020 14,620 Dividends declared and paid in 2020 57,120 Proceeds from issuance of bonds during 2020 150,280 Net loss for the year ended December 31, 2020 39,100 Required:From the above data, calculate the Retained Earnings balance as of December 31, 2019:Prepare a retained earnings statement for the year ended December 31, 2021 in proper format: Ladila corporation has retained earnings of P725,825 at January 1, 2021. Net income during the year was P1,800,900, and cash dividends declared and paid during 2021 totaled P98,000.
- For the year ending December 31, 2022, Vaughn Inc. reports net income $139,000 and cash dividends $84,500. Determine the balance in retained earnings at December 31, assuming the balance in retained earnings on January 1, 2022, was $219,500. Balance in retained earnings LA $Following are selected balance sheet accounts of Del Conte Corporation at December 31, 2024 and 2023, and the increases or decreases in each account from 2023 to 2024. Also presented is selected income statement information for the year ended December 31, 2024, and additional information. Selected Balance Sheet Accounts Assets Accounts receivable Property, plant, and equipment Accumulated depreciation Liabilities and Stockholders' Equity Bonds payable Dividends payable Common stock, $1 par Additional paid-in capital Retained earnings 2024 $ 42,000 285,000 (186,000) Selected Income Statement Information for the Year Ended December 31, 2024 Sales revenue 1. Cash collections from customers (direct method). 2. Payments for purchase of property, plant, and equipment. 61,000 10,000 30,000 3. Proceeds from sale of equipment. 4. Cash dividends paid. 5. Redemption of bonds payable. 11,000 112,000 $ 163,000 41,000 15,000 36,000 Amount 2023 $ 28,000 251,000 (171,000) 54,000 6,600 23,000 4,600…Use the table for the question(s) below. Consider the following balance sheet: Luther Corporation Consolidated Balance Sheet December 31, 2019 and 2018 (in $ millions) Assets 2019 2018 Liabilities and Stockholders' Equity 2019 2018 Current Assets Current Liabilities Cash 63.6 58.5 Accounts payable 87.6 73.5 Accounts receivable 55.5 39.6 Notes payable / short−term debt 10.5 9.6 Inventories 45.9 42.9 Current maturities of long−term debt 39.9 36.9 Other current assets 6.0 3.0 Other current liabilities 6.0 12.0 Total current assets 171.0 144.0 Total current liabilities 144.0 132.0 Long−Term Assets Long−Term Liabilities Land 66.6 62.1 Long−term debt 239.7 168.9 Buildings 109.5 91.5 Capital lease obligations −−− −−−…
- Presented below are data for XYZ Corp. Assets, January 1 Liabilities, January 1 Stockholders' Equity, Jan. 1 Dividends Common Stock, Dec. 31 2023 2024 4,560 ? ? 2,736 2 2,750 570 646 608 650 Stockholders' Equity, Dec. 31 ? 2,266 Net Income 684 Net income for 2024 is O $484 loss. O $162 loss O $162 income. O $120 income. $484 income. $120 loss.Based on the given data, what is the returns for Company JFC? Company Dec. 30, 2020 Dec. 29, 2019 Dividends Returns (%) AC 395.00 301.00 5.00 JFC 88.90 55.00 2.50 O a. 66.18% Ob. 19.19% Oc. 32.89% d. 26.80%For the year ending December 31, 2020, Oriole Inc. reports net income $142,000 and cash dividends $86,000.Determine the balance in retained earnings at December 31, assuming the balance in retained earnings on January 1, 2020, was $221,000. Balance in retained earnings $