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tamaranim1 [39]
4 years ago
14

Dawson Corporation has the following information available for 2014: (in millions) Issued common stock $45 Retired common stock

$65 Paid dividends $75 Net income $130 Beginning Common Stock balance $625 Beginning Retained Earnings balance $475 Based on this information, what is Dawson's Retained Earnings balance at the end of the year? a. $680 b. $530 c. $420 d. $605
Business
1 answer:
IRISSAK [1]4 years ago
3 0

Answer:

b. $530

Explanation:

As provided retained earnings opening balance = $475

Add net income for the year = $130

Balance = $605

Further dividend is paid, which reduces the balance of retained earnings = $75

Balance after paying dividends = $605 - $75 = $530

All the other information provided in question relates to common stock and has no relevance on retained earnings balance.

Therefore, balance of retained earnings at the end of period = $530

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4 0
1 year ago
Minimum-wage laws can keep wagesa.a) above equilibrium and cause a surplus of labor.b) above equilibrium and cause a shortage of
Airida [17]

Answer:

The correct answer is option a.

Explanation:

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4 0
3 years ago
PLZZZZZ HELP!! 20 POINTS!!
Sphinxa [80]

Answer:

i say B or D

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7 0
3 years ago
When a market’s annual growth rate falls below 10 percent, a star will become a dog if it still has the largest market share?
mezya [45]
That statement is false

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This means that the company still making enough cash for its employees and still enjoy a pretty high-profit margin.

</span>
3 0
3 years ago
The Closed Fund is a closed-end investment company with a portfolio currently worth $200 million. It has liabilities of $3 milli
iragen [17]

Answer:

$39.40

Explanation:

According to the situation, the solution is as follows

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= $39.40

Basically we applied the above formula in order to determine the net asset value of the fund.

8 0
3 years ago
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