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When electrical or magnetic interference is present
Answer:
for this problem the answer would be A. 3.08
Explanation:
Add the expenses and freight (3,500+1,750)
Subtract that from 43,500 (43,500-5250 which equals 38,250). Divide 38,250 by 12,400.
38,250÷12,400=3.08
Answer:
To determine the closing balance of retained earnings
Explanation:
First and foremost, retained earnings are an important part of the shareholders' equity. In a bid to ascertain the correct position of total shareholders' equity at year-end, it is important that a statement of retained earnings reconciling the opening retained with net income and dividends declared during the year is prepared.
The balance at the end of the year is the total accumulated earnings which have not been distributed to shareholders as dividends or which may be used to finance projects that increase shareholders' wealth
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