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vaieri [72.5K]
3 years ago
10

The following information is available for the Noir Detective Agency. After closing entries are posted, what will be the balance

in the Retained earnings account Net Loss $ 27,600 Retained earnings 294,000 Dividends 36,000
Business
1 answer:
nikdorinn [45]3 years ago
7 0

Answer:

$230,400

Explanation:

The computation of the ending retained earning balance is shown below:

The ending balance of retained earning = Opening balance of retained earnings + net income - net loss - cash dividend paid

= $294000 - $27,600 - $36,000

= $230,400

We simply deduct the net income and the dividend from the beginning balance of retained earning so that the correct balance could come.

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Answer:

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Explanation:

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3 years ago
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If consumers buy less of a commodity when their incomes rise, this commodity is .
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The commodity is an inferior good. 

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5 0
3 years ago
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Tater and Pepper Corp. reported free cash flows for 2018 of $58.1 million and investment in operating capital of $41.1 million.
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Answer:

104.6 million

Explanation:

Data provided in the question:

Free cash flows for 2018 = $58.1 million

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