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tino4ka555 [31]
3 years ago
15

Capstone Corp. reported $150,000 of comprehensive income for 2014. It also reported the following:

Business
1 answer:
babunello [35]3 years ago
8 0

Answer:

Option (D) is correct.

Explanation:

Given that,

Beginning retained earnings = $300,000

Income tax expense  = $60,000

Ending retained earnings = $320,000

Cash dividends declared = $80,000

Net income:

= Increase in Retained Earnings + Dividend Declared

= (Ending Retained Earnings - Beginning Retained Earnings) + Dividend Declared

= ($320,000 - $300,000) + $80,000

= $20,000 + $80,000

= $100,000

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3 years ago
Panther Co. had a quality-assurance warranty liability of $359,000 at the beginning of 2018 and $308,000 at the end of 2018. War
evablogger [386]

Answer:

d.$1,371,000

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6 0
3 years ago
BatCo makes metal baseball bats. Each bat requires 1 kg of aluminum at $18 per kg and 0.25 direct labor hours at $20 per hour. O
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Answer:

Cost variance= 7 unfavorable

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If your business operates in more than one state or in a large area, it's a good idea to register the trademark with what organi
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