Answer:
$197,000
Explanation:
Given that,
Retained earnings balance at the beginning of the year = $151,000
Cash dividends declared for the year = $46,000
Net income for the year = $92,000
Ending balance for retained earnings:
= Opening balance + Profit earned during the year - Cash dividends declared for the year
= $151,000 + $92,000 - $46,000
= $197,000
What you think bout that?What youthink bout that? I bet i got my haters hella sick.
Answer:
disposable income minus consumption expenditure
Explanation:
I would say capital, since it is owned by the business and not included under premises.
Answer:
Common dividend payable A/c Dr $12,000
To Cash A/c $12,000
(Being the dividend is paid)
Explanation:
The journal entry is shown below:
Common dividend payable A/c Dr $12,000
To Cash A/c $12,000
(Being the dividend is paid)
The computation is shown below:
= Number of common shares × cash dividend per share
= 12,000 common shares × $1 per share
= $12,000
Since the common dividend payable is a liability account so we debited it and since the payment is made which reduces the cash balance so we credited it
