1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
maw [93]
3 years ago
5

What line item flows from the statement of retained earnings to the balance​ sheet?

Business
1 answer:
-Dominant- [34]3 years ago
3 0

Answer:

Retained Earnings

Explanation:

The statement of retained earnings is prepared after preparing the income statement but before preparing the balance sheet. The reason behind this is that the statement of retained earnings is used to calculate the amount of retained earnings at the end of the period to be shown in the balance sheet.

You might be interested in
Cantrell company is required by law to collect and remit sales taxes to the state. if cantrell has $8,000 of cash sales that are
lawyer [7]

Answer:

The journal entry for the cash receipt and on that the sales tax is charged is as follows:

Explanation:

Cash A/c................................Dr  $8,640

      To Sales A/c.............................Cr $8,000

      To Sales Tax Payable A/c.....Cr  $ 640

Working Note:

Sales Tax Payable = Amount of cash sales × Rate of Sales Tax

                               = $8,000 × 8%

                               = $640

So, the total of cash received will be = Sales Amount + Amount of sales tax payable

= $8,000 + $640

= $8,640

4 0
3 years ago
Read 2 more answers
What problems might robert encounter in comparing these companies to one another on the basis of their​ ratios? ​(select all the
Misha Larkins [42]

Answer:

The likely problems to be encountered by Roberts include the following below:

b. the operating characteristics of firms across different industries vary significantly resulting in very different ratio values.

d. caution must be exercised when comparing older to newer​ firms,

e.g., utility company vs. software company?

c. the four companies are in very different industries.

Explanation:

5 0
3 years ago
how might an interactive leader like mary barra communicate a policy change that impacts all gm employees from executive-level m
CaHeK987 [17]

A dynamic leader must establish task teams at various organizational levels to communicate the advantages of a policy change, organize a series of town hall meetings to discuss the change and hear employee concerns, and hold informal meetings with senior managers, department heads, and staff members.

<h3>What is a policy?</h3>

A purposeful set of rules designed to direct behavior and produce logical results is called a policy. A policy is a declaration of intent that is carried out through a method or protocol. Typically, a governance board inside a company adopts policies. Both subjective and objective decision-making can benefit from policies. Policies used in subjective decision-making typically help senior management with choices that must be based on the relative merits of a variety of variables and, as a result, are frequently challenging to assess objectively, such as work-life balance policies. In addition, governments and other institutions have policies in the form of laws, rules, guidelines, administrative procedures, rewards, and voluntary practises. Resources are frequently distributed in accordance with policy choices. A policy is a guideline for recurring or routine organizational actions.

To learn more about policy, visit:

brainly.com/question/360779

#SPJ4

7 0
1 year ago
What economic goals does centrally planned economy address?
Talja [164]
The economic goals that central planned economies address are to supply enough food, housing, and other basic needs to anyone and everyone in the country. It also puts priorities on mobilizing for wars.
8 0
2 years ago
Using XXs for amounts, give the journal entry for each of the transactions, assuming perpetual inventory. (If no entry is requir
lawyer [7]

Answer:

Journal entries

Explanation:

1. Cash Dr XX

             To Sales revenue XX

(Being the cash sales is recorded)          

Since the cash is received so we debited the cash as it also increases the assets and the sales revenue would be credited as it an income for the company

2. Cost of goods sold XX

                To Merchandise inventory XX

(Being the cost of goods sold is recorded)

While calculating the cost of inventory we debited the cost of goods sold and credited the merchandise inventory

1. Account receivable Dr XX

             To Sales revenue XX

(Being the cash sales is recorded)          

Since the sales is made on account so we debited the account receivable  as it also increases the assets and the sales revenue would be credited as it an income for the company

2. Cost of goods sold XX

                To Merchandise inventory XX

(Being the cost of goods sold is recorded)

While calculating the cost of inventory we debited the cost of goods sold and credited the merchandise inventory

3 0
3 years ago
Other questions:
  • On July 1, 2014, Livingston Corporation, a wholesaler of manufacturing equipment, issued $46,000,000 of 20-year, 10% bonds at a
    13·1 answer
  • Patterson Lawn Co. wants to determine the cost of each lawn care maintenance job. The Company has two operating departments, one
    10·1 answer
  • What best describes the economic interaction between early colonists and native americans?
    6·1 answer
  • if you deposit a check into your account and the teller tells you it is on hold for five days, can you still spend that money to
    12·2 answers
  • Jonamser Bank has separate legal, marketing, finance, and human resources divisions. Each of these units has qualified specialis
    8·1 answer
  • Alpha company anticipated unit sales of widgets are January, 5,000; February, 4,000; and March 8,000. Alpha consistently maintai
    12·1 answer
  • Casey is opening up his own personal training facility. what is one of the advantages he has?
    9·2 answers
  • Merry Maidens Cleaning generally charges $300 for a detailed cleaning of a normal-size home. However, to generate additional bus
    14·1 answer
  • Use the information in the schedules above to draw this​ economy's production function. Label it. Draw a point to show equilibri
    6·1 answer
  • ordan Industries declared a $0.90 per share cash dividend. The company has 180,000 shares authorized, 61,000 shares issued, and
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!