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stiks02 [169]
3 years ago
15

The following information is available for Cubic Company before closing the accounts. After all closing entries are made, what w

ill be the balance in the Retained earnings account? Net income $ 101,200 Retained earnings 98,000 Dividends 35,000
Business
1 answer:
Goryan [66]3 years ago
7 0

Answer:

$164,200

Explanation:

Given that,

After all closing entries are made,

Net income = $101,200

Retained earnings = $98,000

Dividends = $35,000

Therefore,

Balance of retained earnings:

= Retained earnings + Net income - Dividends

= $98,000 + $101,200 - $35,000

= $164,200

Hence, the balance in the Retained earnings account is $164,200.

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The umayyad insisted that conquered people pay a special head tax if they did not convert to islam. this head tax was called the
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The long-run aggregate supply curve is vertical because: minimum wage sets the long-run wages. the price level is constant in th
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Answer:

The correct answer is the second option: The price level is constant in the long run.

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Answer: >?

Explanation:

8 0
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