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natita [175]
3 years ago
7

The following information has been taken from the ledger accounts of Bridgeport Corporation.

Business
1 answer:
stealth61 [152]3 years ago
5 0

Answer:current balance of retained earnings=$206,000

Explanation:

Net Retained Earnings =  Total Income since Incorporation−

Total Cash Dividend Paid−  Value of Stock Dividend distributed

Where

cash dividends distributed among the stakeholders= $55,000

 value of stock dividends distributed  = $31,000

Total Dividend Distributed = $86,000

Net Retained Earnings = $292,000 -($86,000)=$206,000

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Dvinal [7]

Answer: 1 year and 6 months

Explanation:

The cash flows are as follows,

Year 0 = ($2,500)

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The sum of the cashflows of year1 and year2 is equal to $3,000

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3 years ago
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3 years ago
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Answer:

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Read more on business plans here:brainly.com/question/25311149

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