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
Evgesh-ka [11]
3 years ago
6

Willow Wanderer Cameras Inc. reported the following results for the year ending October 31, 20Y9: Retained earnings, November 1,

20Y8 $2,269,000 Net income 680,700 Cash dividends declared 50,000 Stock dividends declared 127,000
Prepare a retained earnings statement for the fiscal year ended October 31, 20Y9.
Business
1 answer:
ANTONII [103]3 years ago
3 0

Answer:

The statement would be:

Date: October 31, 2019

Net Income                $680,700

Cash dividends           $50,000

Stock dividends         $127,000

Retained earnings     $503,700

The retained earnings are equal to the sum of declared dividends substracted  from the net income.

You might be interested in
Many not-for-profit organizations attempt to classify fund-raising expenses as a program services expenses by making the activit
Elena L [17]

Answer:

B. Purpose, audience, and content.

Explanation:Non profit Organisations are Organisations establishing to render services to different classes of persons at either subsidised rates or free these classes of people in a society.

Non profit Organisations are either funded by Government or other donor Organisations within or outside a country. The expenses incurred during the programs of Non profit Organisations to be classified as Program expenses it must have A PURPOSE, AUDIENCE AND CONTENT, this factors make it valid as a program expense.

8 0
3 years ago
The data dictionary serves as _________.a. an important data management tool by assigning attributes to the data. b. creating an
Troyanec [42]

Answer: Creating an inventory of the data elements contained in the database.

Explanation:

The data dictionary of an organization is a central data storage location. The data dictionary helps to give an organization the information on data they have and how their data is interrelated.

5 0
3 years ago
Accumulated Depreciation Group of answer choices is the same as Depreciation Expense is used to show the amount of cost expirati
Snezhnost [94]

Answer:

Is contra asset account

Explanation:

8 0
4 years ago
What was the weighted average interest rate Colgate faced on its short-term borrowings in 2013? Enter with 1 decimal place and w
Slav-nsk [51]

Answer:

The weighted average interest rate that Colgate faced on its short-term borrowings in 2013 was:

2.2%.

Explanation:

Colgate Palmolive reported on page 62 of its 10-K annual report for the fiscal year ended December 31, 2013, that "the weighted-average interest rate on short-term borrowings of $13 in 2013 and $54 in 2012 included in Notes and loans payable in the Consolidated Balance Sheets as of December 31, 2013 and 2012 was 2.2% and 1.0% respectively."

The weighted average interest rate is a product of the different interest rates on its short-term borrowings with their proportional weights.  The weights help in determining the average interest rate given their proportional sizes to the total interest expense.

9 0
4 years ago
Combination balance sheet example​
lora16 [44]

Answer:

Explanation:

Double Entry

8 0
3 years ago
Other questions:
  • Firm M's earnings and stock price tend to move up and down with other firms in the S&P 500, while Firm W's earnings and stoc
    9·1 answer
  • Puckett products is planning for $5 million in capital expenditures next year. puckett’s target capital structure consists of 60
    12·1 answer
  • Bethesda Biosys issues an IPO on a best-efforts basis. The company's investment bank requires a spread of 18 percent of the sell
    6·1 answer
  • Capital Radio PLC, the United Kingdom's biggest commercial radio firm announced in 2002 that it would cooperate with Walt Disney
    15·1 answer
  • How do you think Alden, from Situation 2, found out about Revinate? Given all the online companies that might help your business
    11·1 answer
  • Greese Company purchased office supplies costing $4,000 and debited Supplies for the full amount. At the end of the accounting p
    15·1 answer
  • Post Delivery Service acquired at book value 80 percent of the voting shares of Script Real Estate Company. On that date, the fa
    11·1 answer
  • The graph below shows the value of a $100 deposited into three different accounts over a period of 20 years. Which of the lines
    5·2 answers
  • The following information is available for the Gabriel Products Company for the month of July: Static Budget Actual Units 5,000
    14·1 answer
  • Unit test Review
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!