Answer:
$17,300
Explanation:
The retained earnings represents the amount paid to the shareholders out of the net income. The net income/loss balance over the period of existence of the company gives the retained earnings balance.
As such, a net income increases the retained earnings, a net loss reduces it. Dividend declared and paid decreases the retained earnings account balance.
For retained earnings,
Opening balance + Net income - Dividend declared = Closing balance
$23,100 + $18,400 - Dividend declared = $24,200
Dividend declared = $23,100 + $18,400 - $24,200
= $17,300
Answer:
<u>Spotlighter Inc.</u>
<u>Classified Balance Sheet as at January 31</u>
ASSETS
Equipment $2,600
Supplies ($1,100 + $1,500) $2,600
Cash ($5,540 + $6,230 - $1,000 - $1,100) $9,670
TOTAL ASSETS $14,870
EQUITY AND LIABILITIES
LIABILITIES
Accounts Payable $1,500
Bank note $5,540
Note Payable $1,600
TOTAL LIABILITIES $8,640
EQUITY
Common Stock $6,230
TOTAL EQUITY $6,230
TOTAL EQUITY AND LIABILITIES $14,870
Explanation:
A Balance Sheet shows the Assets, Liabilities and Equity existing at the Reporting Date.
The balance sheet above was prepared through the following steps
Step 1 : Identify the Accounts Affected by the transactions
Step 2: Classify the Accounts Affected in into Assets, Liabilities and Equity
Step 3: Record in the classified balance sheet
Answer:
if I had invested in Auto Zone in January, 1998, when the market quote was 30.25, 100 shares would have cost me <u>$3,025.</u> If there was a commission fee back then of $75, the total cost of this investment would have been <u>$3,100</u>
Explanation:
In January , 1998. the quote per share was $30.25
The cost for 100 shares will be
=$30.25 x 100
=$3,025
Total cost including commision
=$3,025 + 75
=$3,100
If the seller or buyer agrees to a dual agency before it occurs, by indicating the same on the agency disclosure form, it is referred to as a dual agency.
Extended Informed Consent to Dual Authority is provided that the New York agent or seller obtains informed consent to dual authority from both the Buyer and the Seller before the dual authority itself occurs. occurs. In other words, the broker or seller can obtain double agency consent before the double agency actually occurs.
Legally, a dual agency is a real estate agent acting on behalf of both the seller and the buyer in a transaction, or an agent working for the same agent. A broker cannot act as a dual agent in California unless the buyer and seller acknowledge and agree to be dual agents.
Learn more about dual agency at
brainly.com/question/13354217
#SPJ4