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3 years ago

Dove Corporation, a calendar year C corporation, had the following information for 2016:

Business

1 answer:

poizon [28]3 years ago

8 0

Answer:

$1,032,260

Explanation:

To calculate Dove's unappropriated retained earnings balance (UREB) as of December 31, 2016, the following simple formula is employed:

UREB = Unappropriated retained earnings as of 01 January 2016 + Net income per books (after-tax) - Cash dividend distributions

UREB = $796,010 + $386,250 - $150,000 = $1,032,260

Therefore, Dove's unappropriated retained earnings balance (UREB) as of December 31, 2016 is equal to $1,032,260.

Note:

This will appear in Schedule M–2 of Form 1120 as follows:

Unappropriated retained earnings as of 01 January 2016 $796,010

Net income per books (after-tax) <u>$386,250</u>

Sub-Total $1,182,260

Less: Cash dividend distributions <u>$150,000</u>

Unappropriated retained earnings as of 31 December 2016 <u>$1,032,260</u>

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The word "business organization" refers to the organizational structure of businesses and how such structure aids in achieving their objectives. Businesses are often built to concentrate on either making a profit or helping society. A company is considered a for-profit entity when it prioritizes making money. An organization is referred to as a nonprofit (or not-for-profit) organization and is not often called a business when it aims to further the social good through the arts, education, health care, or some other sector.

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2 years ago

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Oksanka [162]

Answer:

$450 unfavorable

Explanation:

We have given

Actual price per unit of direct material AP = $5.00

And standard unit price of direct material SP = $5.10

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4 years ago

ohaa [14]

Answer:

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Explanation:

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4 years ago

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aleksley [76]

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kaheart [24]

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