plz solve!!! Company XYZ has been around for five years.Year 1Year 2Year 3Year 4Year 5During this time, it reported the following netincome:Beginning RE• Year 1: RO (70,000)• Year 2: RO (55,000)• Year 3: RO 185,000• Year 4: RO 125,000• Year 5: RO 190,000• Company XYZ paid no dividends till year 4 but for - Cash /stockyear 5 it paid dividend @ 50 baiza each on its equityshares. The company till then had issued 4,000,000share of RO 0.50o each fully paid. You are requiredto calculate the retained earning balance for 5 years?/- NP / NLfor the yeardividendsClosing RE

Retained earnings is the part of stockholders' equity. It is a measure of amount of profit retained…

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retained earning balance for

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Real Estate

Real estate means ownership of land along with the assets and natural resources that exist on the land. These properties are in real/physical form which is tangible. Real estate simply means land or addition made to land permanently like constructing a residence or different buildings. People invest in real estate to either reside or for wealth creation. Many people investing in real estate further lend the place for occupation or businesses in return for a monthly payment.

Question

plz solve!!!

Company XYZ has been around for five years.
Year 1
Year 2
Year 3
Year 4
Year 5
During this time, it reported the following net
income:
Beginning RE
• Year 1: RO (70,000)
• Year 2: RO (55,000)
• Year 3: RO 185,000
• Year 4: RO 125,000
• Year 5: RO 190,000
• Company XYZ paid no dividends till year 4 but for - Cash /stock
year 5 it paid dividend @ 50 baiza each on its equity
shares. The company till then had issued 4,000,000
share of RO 0.50o each fully paid. You are required
to calculate the retained earning balance for 5 years?
/- NP / NL
for the year
dividends
Closing RE

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