The following data are taken from the ledger of EVA Co. Retained Earnings Date Particulars Debit Credit 01/01/2017 06/30/2017 Dividends paid 12/31/2017 Net income for 2017 02/07/2018 Premium on share capital 04/30/2018 Loss on sale of land 09/30/2018 Dividends paid 12/31/2018 Net income for 2018 12/31/2018 Revaluation surplus 07/01/2019 Gain on sale of treasury stock 12/31/2019 Net income 2019 Balance P80,600 P25,000 42,500 10,000 5,000 20,000 5,800 40,000 1,600 33,700 Unrealized loss on FV OCI securities 3,400 What is the correct balance of Retained earnings on December 31, 2019?

The following data are taken from the ledger of EVA Co. Retained Earnings Date Particulars Debit Credit 01/01/2017 06/30/2017 Dividends paid 12/31/2017 Net income for 2017 02/07/2018 Premium on share capital 04/30/2018 Loss on sale of land 09/30/2018 Dividends paid 12/31/2018 Net income for 2018 12/31/2018 Revaluation surplus 07/01/2019 Gain on sale of treasury stock 12/31/2019 Net income 2019 Balance P80,600 P25,000 42,500 10,000 5,000 20,000 5,800 40,000 1,600 33,700 Unrealized loss on FV OCI securities 3,400 What is the correct balance of Retained earnings on December 31, 2019?

Name: What is the total balance of Retained Earnings on December 31, 2019? T
Uploaded: 2024-03-04T10:43:15.000Z
Channel: Bartleby
Description: What is the total balance of Retained Earnings on December 31, 2019? The following data are taken from the ledger of EVA Co.Retained EarningsDateParticularsDebitCredit01/01/2017 Balance06/30/2017 Dividends paid12/31/2017 Net income for 201702/07/2018

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

79. b)Assume Novak Corporation restricted retained earnings in the amount of $ on December 31, 2020. After this action, what would Novak report as total retained earnings in its December 31, 2020, balance sheet? Total retained earnings $
Total capital as of December 31, 2019
Which of the following alternatives represent the amount of non current liabilities in the statement of financial position of Shukela CC for the year ended 28 February20.19?
The financial year stating up to...........
Review the Republic Financial Holdings Limited 2022 annual report. What recommendations can be made for the preparation of the financial statements ?
Annie Rasmussen, capital, as of December 31, 2019, assuming that assets increased by $103,030 and liabilities decreased by $39,030 during 2019.
Is earnings per share for january 2021 better or worse than last years average?
compute the amount of stock issuance for December 2019 assets 85000. liabilities 24000. net income 14000. cash dividends 0. December 2018 assets 60,000. liabilities 40,000
The accrual of liability in relation to a cash dividend is at the date of distribution declaration record fiscal yearend
Net Sales COGS Depreciation EBIT Interest Taxable Income Taxes Net Income 2019 Income Statement Dividends Additions to Retained Earnings 147 647.74 3,456 1,895 235 1,326 320 1,006 211.26 794.74
Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round answers to 1 decimal place, e.g. 48.5 %.) SHERIDAN CORPORATION Condensed Income Statements For the Years Ended December 31
What is the adjusting journal entry on December 31, 2019? Debit Unrealized Holding Gain/Loss (P&L), P200,000; Credit Retained Earnings, P200,000 Debit Financial Asset FVPL, P500,000; Credit Retained Earnings, P500,000 Debit Retained Earnings, P100,000; Credit Financial Asset FVPL, P100,000 Debit Retained Earnings, P300,000; Credit Unrealized Gain (P&L), P300,000 Debit Retained Earnings, P200,000; Credit Unrealized Holding Gain/Loss (P&L), P200,000 None of the choices