The following information pertains to Stellar Technologies at the end of 2022: Item Assets Liabilities Net Income Amount ($) $1,200,000 $500,000 $400,000 Common Stock $350,000 Stellar Technologies' Retained Earnings account had a zero balance at the beginning of 2022. What amount of dividends did the company declare in 2022?
Q: What is the amount of dierdorf co.s stockholders equity? General accounting
A: Step 1: Calculation of Total Liabilities Step 2: Calculation of Stockholders' equityStockholders'…
Q: Calculate alpine manufacturing total manufacturing overhead
A: Step 1: Definition of Manufacturing OverheadManufacturing overhead includes all indirect costs…
Q: Quick answer of this accounting questions
A: Step 1: Information givenActual budget deficit = $80 billionOutput gap = $150 billionMarginal tax…
Q: How much is the cost of goods sold for the period???
A: Step 1: Define InventoryInventory is the number of goods that will be carried forward to the next…
Q: In determining the market value of ending inventory, which of the following is NOT considered as a…
A: The correct answer is:d) Selling price without any adjustments. Explanation:In determining the…
Q: Solve this accounting issue not use ai
A: Step 1: Define Intercompany Elimination AdjustmentsIntercompany elimination adjustments are…
Q: What is the ratio
A: Explanation of Inventory Turnover Ratio: Inventory turnover ratio is a key efficiency metric that…
Q: Financial Accounting
A: For this question we must solve for the weight of each source of capital in computing for the…
Q: equity in the business must have:?? General Account.
A: To determine the change in equity, we use the accounting equation:…
Q: For 2011, Shoring Engineers reported beginning total assets of $972,000 and ending total assets of…
A: Explanation of Asset Turnover:Asset turnover is a measure of a company's efficiency in generating…
Q: Don't use ai given answer accounting questions
A: Step 1: Definition of Gross Margin as a Percentage of Net Sales RevenuesThe gross margin percentage…
Q: Applying LCM, NeCo determines that as of Dec. 31, 20x3, merchandise that originally cost $46,300 is…
A: The correct answer is:d. Make an entry to increase cost of goods sold. Explanation of the LCM Rule…
Q: Mia Steel started the year with total assets of $325,000 and total liabilities of $174,000. During…
A: Explanation of Total Assets: Total Assets represent the sum of all resources owned by a business…
Q: Don't use ai
A: Explanation of Assets:Assets are resources owned by a company that have economic value and can…
Q: Josh Industy has three activity cost pools and two products
A: Concept of Activity-Based Costing (ABC):Activity-Based Costing (ABC) is a method of allocating…
Q: What was the capital gains yield on these financial accounting question?
A: Step 1: Given Value for Calculation Initial Price per Share = i = $47Dividend per Share = d =…
Q: General Accounting Question please answer
A: Step 1: Dollar markup Dollar markup = Selling price - CostDollar markup = $30 - $20.50Dollar markup…
Q: Do fast answer of this general accounting question
A: Step 1: Define Cash Flow From CustomersCash flow from customers refers to the cash received from…
Q: Stockholder 's equity at the end of the year was??
A: Explanation of Stockholders' Equity:Stockholders' equity is the residual value of assets remaining…
Q: Financial Accounting
A: The Gordon Growth Model (Dividend Discount Model for a perpetuity), use the…
Q: Provide answer accounting question
A: Step 1: Given Value for Calculation Beta = b = 1.45Risk Free Rate = rf = 4%Market Return = rm = 11%…
Q: Not use ai solution this question answers general Accounting question
A: Step 1: Define Profit Margin (Return on Sales)Profit Margin (Return on Sales) is the percentage of…
Q: I need Solution
A: Concept of Stockholders' EquityStockholders' Equity represents the owners' residual interest in a…
Q: Quick answer of this accounting questions
A: Step 1: Definition of Total Standard Unit CostThe Total Standard Unit Cost is the sum of the…
Q: Refer to the following list of liability balances at December 31, 2017. Accounts payable Employee…
A: The question asks for the total of current liabilities as of December 31, 2017. Current liabilities…
Q: I need this question answer general Accounting
A: Step 1: Define Overapplied and Underapplied OverheadOverapplied or underapplied overhead is the…
Q: Expert of general account.
A: Cost Reconciliation ReportA Cost Reconciliation Report is used in process costing to ensure that the…
Q: Answer this financial accounting question
A: Explanation of Profit Margin:Profit margin measures the percentage of revenue that a company retains…
Q: Please find the units to below account problem
A: Compute the contribution margin per unit first.Contribution margin per unit = Selling price per unit…
Q: What is the dividend yield on these financial accounting question?
A: Step 1: Define Dividend YieldDividend yield ratio is a quantity used to measure the risk associated…
Q: Give true answer the accounting question please answer do fast
A: Step 1:First calculate the interest portion in the first installment: Interest amount = Principal…
Q: Quick answer of this accounting questions
A: Step 1: Definition of Recognized Gain or Loss and BasisRecognized gain: The portion of the gain that…
Q: General Accounting question
A: Step 1: Define Dividend YieldThe dividend yield is a financial ratio used by investors to evaluate…
Q: A company has a net income of $790,000 and 55,300 outstanding shares. What is the earnings per…
A: The question requires the determination of the EPS.Earnings per share (EPS) is a financial metric…
Q: On January 1, Lightbulbs, Inc. issued 5-year bonds with a $400,000 face value. The bonds have a…
A: Concept of Bond DiscountA bond discount occurs when bonds are issued at a price lower than their…
Q: Need help with this accounting questions
A: Step 1: Definition of Net Operating Income (NOI)Net Operating Income (NOI) is the profit remaining…
Q: What was the net income for the period for this general accounting question?
A: Step 1: Define Net IncomeNet Income is the amount of earnings left after deducting all expenses,…
Q: General Accounting Question please answer
A: Step 1: Definition of Labor Efficiency VarianceLabor Efficiency Variance measures the difference…
Q: Kindly help me with this question general Accounting
A: Step 1: Calculation of total direct wagesDirect wages of Department A = $8,000Direct wages of…
Q: Kindly help me with accounting questions
A: Step 1: Definition of Primary Residence ExclusionUnder U.S. tax law, a single taxpayer may exclude…
Q: At the beginning of the year, Crane Ltd. had total assets of $710,000 and total liabilities of…
A: To calculate the total liabilities at the end of the year, we use the accounting equation:…
Q: Compute and correct the accounting question not use ai
A: Step 1: Define Target Dollar SalesTarget dollar sales refer to the total revenue required to cover…
Q: Please help me this question general accounting
A: Step 1: Define Sales of A Target ProfitIn accounting, the cost-volume-profit analysis (CVP) studies…
Q: Get correct answer accounting questions
A: Step 1: Definition of Contribution MarginThe contribution margin per unit is the amount from each…
Q: Please give me answer general accounting question
A: Step 1: Define Break-Even Point in UnitsThe break-even point is the number of units a company must…
Q: JOHN Company
A: Step 1: Calculation of manufacturing overheadsManufacturing Overheads = Direct Labor ×…
Q: Balance sheet solve this accounting questions
A: Step 1: Definition of Loan ReceivableA loan receivable represents the amount a company expects to…
Q: provide correct answer.
A: Calculation of Completed Units:Completed Units = Work-in-process beginning + Started with current…
Q: General Account
A: Step 1: Analyze the Cost BehaviorThe given data shows the cost at different activity levels:At 1,000…
Q: General Accounting question
A: Step 1: Define Inventory Holding CostInventory holding cost refers to the total cost incurred for…
Get solve this general accounting question
Step by step
Solved in 2 steps
- Paulson Company had the following on the dates indicated:12/31/18 12/31/17Total assetsTotal liabilities$ 530,00036,000$ 350,00023,000Paulson had no stock transactions in 2018, so the change in stockholders’ equity for 2018 wasdue to net income and dividends. If dividends were $75,000, how much was Paulson’s netincome for 2018? Use the accounting equation and the statement of retained earnings.a. $92,000b. $242,000c. $167,000d. $317,000On 12/31/2020, Heaton Industries Inc. reported retained earnings of $675,000 on its balance sheet, and it reported that it had $172,500 of net income during the year. On its previous balance sheet, at 12/31/2019, the company had reported $555,000 of retained earnings. No shares were repurchased during 20205. How much in dividends did Heaton pay during 2020? Group of answer choices A. $47,381 B. $49,875 C. $52,500 D. $55,125 E. $57,881What is the net income in the current year?
- What would the net income/loss be for the year using the following information? Please explain your calculations used to get your numbers. Jan. 1, 2017 total assets $150,000 Dec.31, 2017 total assets $175,000 Jan. 1, 2017 total liabilities $35,000 Dec. 31, 2017 total liabilities $145,000 Dividends declared for year $25,000 Dividends paid out for the year $37,500 No Par Common Stock Sold during year $10,000Bodie 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? $___________ine following intormation pertains tO Alpha Computing at the ena of 2021: Assets $957,500 $452,500 $270,000 $330,000 Liabilities Net Income Common Stock Alpha Computing's Retained Earnings account had a zero balance at the beginning of 2021. What amount of dividends did the company declare 2021? Multiple Choice $96,000 $97,000 $98,000 $95.000
- Lowell reports retained earnings at the end of fiscal 2019 of $41115 and retained earnings at the end of fiscal 2018 of $35180. The company reported dividends of $5026. How much net income did the firm report in fiscal 2019? (Round your answer to zero decimal places and omit the "$" sign. Add a minus sign if needed. For example, if your answer is $1,000.2, type in "1000") 1On January 1 2020 the Happy Corporation had a credit balance in the retained earnings account of $1,000,000. During 2020 the following occurred: 1. Net income for the year was $500,000. 2. It was discovered the 2019 net income was understated by $100,000. 3. The following dividends were declared: On preferred stock... $ 120,000 On common stock: Cash dividends. 20,000(only 15,000 paid in 2021) Stock dividends.. 60,000 Instructions: On the worksheet provided, prepare a retained earnings statement in good form.On January 1, 2022, Pharoah Corporation had retained earnings of $546,000. During the year, Pharoah had the following selected transactions. 1. 2. 3. 4. Declared and paid cash dividends $126,000. Corrected overstatement of 2021 net income because of inventory error $43,000. Earned net income $348,000. Declared and paid stock dividends $63,000. Determine the retained earnings balance at the end of the year. Retained earnings $
- Please do not give image formatThe stockholders’ equity of Kowalski Company at the beginning and end of 2018totaled $122,000 and $140,000, respectively. Assets at the beginning of 2018 were $149,000. Ifthe liabilities of Kowalski Company increased by $69,000 in 2018, how much were total assetsat the end of 2018? Use the accounting equation.a. $218,000b. $62,000c. $236,000d. $220,000How much was it's net income in 2025 on this accounting question?