Answer:
$10,000
Explanation:
As provided no equity is issued, therefore,
Common stock + Net income = Stockholder's equity
We know common stock = $70,000
Further there might be some dividend paid, which shall be deducted from net income to compute total value of Stockholder's equity.
Therefore,
$70,000 + $18,000 - Dividend = $78,000
$88,000 - $78,000 = Dividend = $10,000
Therefore, dividends paid during the month = $10,000
 
        
             
        
        
        
Answer: d. Net income is part of the computation for ending retained earnings.
Explanation:
In the statement of owner's equity, Retained earnings are calculated and it is done with the Net Income. This is why when the net income is calculated from the Income Statement it is transfered to the SOE and used to calculate Retained Earnings. 
Retained Earnings are calculated by the formula,
Ending Retained = Opening Retained Earnings + Net Income (losses) - Dividends
Net income is added to (or subtracted from if it is a Net loss) the Opening Retained earnings balance. Net dividends are also subtracted. 
 
        
             
        
        
        
The truth about open-end mutual funds is that they <span>are bought or sold at their net asset value.
</span><span>Open-end mutual fund is a type of fund which shares are bought and sold on demand at their net asset value, or NAV, which is based on the value of the fund's underlying securities and is generally calculated at the close of every trading day.</span>
        
             
        
        
        
Answer:
reconciliate balance $ 22,388,675
Explanation:
bank statement:                18,835
deposits in transit           100,740
                                  22,376,200
outstanding check
   10189                            (56,710)
   10192                            (15,365)
   10193                           (22,650)
   10194                            (12,375)
 Adjusted balance:  22,388,675
checkbook balance: 22,385,105
       interest earned           4,020
       ATM card fees              (450)
   Adjusted balance:  22,388,675
Notes: For each statement we adjust for the unknown information.
The bank is unaware of the outstanding check and the deposit in transit.  So we adjust for these concepts.
The company has no knowledge of the ffes and interest earned until receiving the bank statement so we must adjust for that amount.