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Yanka [14]
4 years ago
14

. Willie Company's retained earnings increased $20,000 during 2010. What was Willie's 2010 net income or loss given that Willie

declared $25,000 of dividends during 2010?
A. Net income was $5,000
.B.Net income was $45,000.
C. Net loss was $45,000.
D. Net loss was $5,000.
Business
1 answer:
lapo4ka [179]4 years ago
4 0

Answer:

$45,000

Explanation:

Retained earnings are a part of profits that the company opts not to distribute to shareholders as dividends.  As the name suggests, retained earnings are the profits that the business keeps for itself.

Dividends are profits that a  business shares with the shareholders.

A business's total income can there be kept as retained earnings, shared as dividends, or both.

For Willie company: Net income will be consist of an increase in retained earnings, and the dividend declared.

Net income = Retained earning + Dividends

i.e., $20,000 +$25,000

=$45,000

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Logano Driving School’s 2017 balance sheet showed net fixed assets of $4.6 million, and the 2018 balance sheet showed net fixed
r-ruslan [8.4K]

Answer:

$270,000

Explanation:

Net capital spending = Increase in net fixed assets + Depreciation expenses

= [ Net fixed assets at year end - Net fixed assets at the beginning ] + Depreciation expenses

= [$5,200,000 - $4,600,000] + $330,000

= $600,000 - $330,000

= $270,000

8 0
4 years ago
All of the following are normally found in a corporation's stockholders' equity section, exceptAll of the following are normally
sukhopar [10]

Answer:

b. Unearned Rent

Explanation:

Shareholders Equity is the residual amount of Assets after deducting the Liabilities.

The Unearned Rent is a Liability and is not found in the Shareholders Equity Section.

Liabilities are Present obligations of an entity that arise as a result of past events, the settlement of which will result in out flow of economic benefits from the entity.

6 0
3 years ago
Diego deposited a certain sum of money in a bank 2 years ago. If the bank had been paying interest at the rate of 8% compounded
igomit [66]

Answer:

Diego's initial deposit is $11,111

Explanation:

Let A be the initial deposit Diego made

The amount he will get after two years with continuously compounded interest rate 8% is given by

V = A e^{rt}

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And the actual amount he receive is 13,000

So A = \frac{V}{e^{0.08\times2} } = 13,000 / 1.17 = $11,111

4 0
3 years ago
If the Hartley's gross income of $8,830 rises 3 percent per year in the future, what will their income be after five years?
Galina-37 [17]

Answer:

$10236.39

Explanation:

i did 8,830+3%, then kept adding 3% til it totaled to five total times. it wouldnt be the same as adding 15% right off the bat since they have different outcomes and acter each year the income rises  

8 0
4 years ago
Read 2 more answers
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Answer:

answer is $1

Explanation:

3 0
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