Answer:
kendall company retained earning = $20100.
Retained earning (end) = $600.
Explanation:
Kendall company
Retained earning after post closing= retained earning before closing + Net income - Less dividend.
- Net income= Revenues - operating expense=22700-15100= $ 7600.
-Retained earning after post closing = 17100+7600-4600= $20100.
Packard company
year 1
1. Dr Cash 1450
Cr common stock 1450
2.Dr Cash 920
Loan payable 920.
3. Dr Unearned revenue 1100
Cr Revenue earned 1100.
4. Dr Expense 350
Cr Cash 350
5. Dr Dividend payable 150
Cr Cash 150.
As we know that:
Retained earning(end) = retained earning (open)+net income - dividend
= 0+ [1100-350]-150
= 750-150
= $600.
Answer: High transaction costs and low liquidity.
Explanation: Without the aid centralized market as opposed to the public market, transaction cost will be high 'cause of the middle men and the ease with which assets or security to be bought will be low.
Systems analyst .................
Answer:
C. Recording Income.
Explanation:
The first step to prepare a cash flow statement is to show the Net Income of that company. It is an operating cash flow activities, one of three activities of cash flow statement.
Answer Choice A can not be the answer as the company cannot record any goals in cash flow because cash flow is a statement of cash inflow and outflow.
Answer choice B cannot be the answer as expenses are not shown in the cash flow statement either (If indirect method). However, after adjusting prepaid and advance or paid to suppliers are shown below the noncash account.
Answer choice D is not an option as tax information can be shown only if they are accrued or prepaid.
Therefore, C is the correct answer.
Because shares of stock can be bought in tiny increments, even novice investors can take part in corporate fund-raising efforts.
<h3>What do you mean by corporations?</h3>
A corporation is a business entity whose shareholders elect a board of directors to run its affairs. The corporation, not the shareholders, is in charge of the company's activities and financial situation. a large company run by a collection of companies as a single unit: a multinational corporation. UK Broadcasting Corporation
<h3>What is the importance of corporations?</h3>
In order to create value over the long term, a corporation must conduct legal, moral, profitable, and sustainable business practises. This necessitates taking into account the stakeholders who are essential to its success (shareholders, employees, customers, suppliers, creditors, and communities), as determined. A corporation protects its owners' personal assets from liability more than any other type of entity. For instance, even if a company's assets are insufficient to cover its debts, its investors will not be held personally liable in the event of a lawsuit.
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