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mixas84 [53]
2 years ago
15

the ending balance of the retained earnings account appears in group of answer choices only the statement of stockholders’ equit

y both the statement of stockholders’ equity and the income statement both the statement of stockholders’ equity and the statement of cash flows both the statement of stockholders’ equity and the balance sheet
Business
1 answer:
evablogger [386]2 years ago
5 0

The ending balance of the retained earnings account appears both in the statement of stockholders’ equity and the balance sheet.

<h3>Where does retained earnings appear?</h3>

Retained earnings is the profit left after dividends have been paid. It is the profit that is not paid out to shareholders as dividends.

A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a point in time. The retained earnings appears in the equity section of the balance sheet.

The statement of stockholders’ equity records the owners equity and changes to the owners equity during a financial year.

The income statement records a company's income and expenses in a financial year. It is used for determining if a firm is operating at a profit or a loss.

To learn more about income statement, please check: brainly.com/question/9060570

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As a private limited firm dealing with garment manufacturing, you have little cash in hand but considerable business potential.
Alborosie

Answer:

A private limited firm refers to a corporation. A corporation’s internal sources of financing are mostly limited to its retained profits, and money realized from the sale of its assets. In case of the given example, because the company does not have enough cash on hand, it will have to rely on several external sources of financing. The most important source of procuring financing for the company is a bank loan. Thus, the company can raise money from institutions such as banks or other creditors in the form of loans. The company will need to repay loans in the future, and therefore the company will record this as a liability in its accounts. However, these ways of procuring money would help the company arrange $15,000 in order to purchase the fabric and other accessories.

The sources of financing will remain the same even in the case of a sole proprietorship; that is, retained earnings or loans from external sources such as banks. However, in the case of a public limited company, the answer would change. In the case of a public limited business, it has another option of raising financing through the issue of common or equity shares.

4 0
3 years ago
Georg, a german citizen, just purchased 10 shares of stock in microsoft, a u.s. company. this purchase is an example of
emmasim [6.3K]

Foreign portfolio investment, which is simple people in one country investing in the assets of another country.

5 0
3 years ago
Which of the following scenarios demonstrates the leverage effect on net operating income due to the existence of fixed costs?
morpeh [17]

Answer:

C) A 25% increase in sales resulting in a 30% increase in net operating income.

7 0
3 years ago
Consumption of Fixed Capital$25Government Purchases315US imports260Personal Taxes45Transfer Payments247US Exports249Personal Con
morpeh [17]

Answer:

$1,079 billion

Explanation:

Calculation to determine what Gross domestic product is

Using this formula

Gross domestic product = Personal Consumption Expenditures + Gross Private Domestic Investment + Government Purchases + Net exports

Let plug in the formula

Gross domestic product = $475 + $300 + $315 + ($249 - $260)

Gross domestic product =$475 + $300 + $315 + +$11

Gross domestic product = $1,079 billion

Therefore Gross domestic product is $1,079 billion

8 0
3 years ago
You are evaluating the balance sheet for PattyCake’s Corporation. From the balance sheet you find the following balances:
goldenfox [79]

Answer:

Explanation:

Current Assets are those asset which will be liquidated within next one year.

cash and marketable securities        $360,000

accounts receivable                           $1,280,000

inventory                                             <u>$2,180,000</u>

Total Current Assets                          <u>$3,820,000</u>

Current Liabilities are those which is payable within next one year.

accrued wages and taxes                   $540,000

accounts payable                                $840,000

notes payable                                      <u>$680,000</u>

Total Current Liabilities                       <u>$2,060,000</u>

Current ratio measures the capability of a business to pay the current liabilities if it becomes due.

Current Ratio = Current Assets / Current Liabilities = $3,820,000 / $2,060,000 = 1.85 times

5 0
3 years ago
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