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N76 [4]
3 years ago
9

Wildhorse Co. began the year 2022 with retained earnings of $651000. During the year, the company sold additional shares of stoc

k for $1017000, recorded revenues of $649000, expenses of $376000, and paid dividends of $141000. What was Wildhorse's retained earnings balance at the end of 2022?
Business
1 answer:
Volgvan3 years ago
7 0

Answer:

$1,800,000

Explanation:

Equity which represents the amount owed to the owners of the business includes retained earnings (which is the accumulation of the net income/loss over the years less dividends paid) and common shares.

Ending retained earnings = Beginning retained earnings + additional stock issued + net income - dividend paid

= $651000 + $1017000 + $649000 - $376000 - $141000

= $1,800,000

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Explanation:

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Which payment method typically charges the highest interest rates? EverFi?
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worty [1.4K]

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Your company decides to use internal sources for developing new product ideas. Which of the following would not be a common inte
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5 0
3 years ago
has excess cash of​ $15,000 at the end of the harvesting season. will need this cash in four months for normal operations. Requi
kolezko [41]

Answer:

1)

Some of the major reasons why Garden Haven might to choose to either  invest in debt or equity securities are as follows;

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  • They may have policies as regard to quantum of cash that can be kept .

2)

In terms of classification, Garden Haven's investment falls in short term investments.

Investments made for a period less than a year are classified as short term investments. Investments made for longer than one year are classified as long term investments. Since Garden Haven is making this investment for four months, this is be classified as short term investment.

8 0
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