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Sliva [168]
3 years ago
9

The trial balance of Barger Company at the end of the accounting period, immediately prior to recording closing entries, showed

the following: Debit credit Cash 16,000 Land 30,000 Notes payable 19,400 Common stock 9,000 Retained earnings 14,000 Service revenue 43,000 Expenses 38,400 Dividends 1,000 Total $ 85,400 $ 85,400 What will the balance of the retained earnings account be after the closing entries are recorded
Business
1 answer:
sesenic [268]3 years ago
8 0

Answer:

The balance of the retained earnings account after the closing entries are recorded will be $17,600

Explanation:

Net income of Barger Company = Service revenue - Expenses = $43,000 - $38,400 = $4,600

The balance of the retained earnings account after the closing entries are recorded = The balance of the retained earnings account before the closing entries are recorded + Net income - Dividends  = $14,000 + $4,600 - $1,000 = $17,600

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Gunnar, the Director of Operations at Fantastic Foods, has worked with other managers over the years to set up groups and teams
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If Gunnar, the Director of Operations at Fantastic Foods.  One of the recent groups, which is also a team, is the dean search committee.

<h3>What is team?</h3>

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6 0
2 years ago
Pension plan assets were $1,200 million at the beginning of the year and $1,252 million at the end of the year. At the end of th
FromTheMoon [43]

Answer: 4%

Explanation:

From the question, we are informed that Pension plan assets were $1,200 million at the beginning of the year and $1,252 million at the end of the year and that at the end of the year, retiree benefits paid by the trustee were $28 million and cash invested in the pension fund was $32 million.

Based on the above scenario, the percentage rate of return on plan assets goes thus:

Opening balance of plan assets 1200

Add:- Actual return = 48

Add:- contributions = 32

Less :- retiree benefits = -28

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It should be noted that the actual return is the balancing figure which is calculated as:

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The percentage rate of return on plan assets will now be:

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4 0
3 years ago
According to PCN analysis, which process region includes process steps in which one participant is acting on another participant
mamaluj [8]

Options:

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Business Classifieds Section which has advertisements and announcements about local businesses.

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