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
Mrrafil [7]
3 years ago
5

Illustrate your understanding of how to use the adjusted trial balance to prepare a statement of retained earnings by completing

the following sentence. In order to prepare the statement of retained earnings, the balance of the (Retained earnings / Cash) account balance as well as any debit balance in the (Dividends / Supplies) account is transferred from the adjusted trial balance and is used along with the reported net income (loss) from the Income statement.
Business
1 answer:
Licemer1 [7]3 years ago
7 0

Answer:

Answer explained below

Explanation:

In order to prepare the statement of retained earnings, the balance of the RETAINED EARNINGS account balance as well as any debit balance in the DIVIDENDS account is transferred from the adjusted trial balance and is used along with the reported net income (loss) from the Income Statement.

NOTE:

Retained earnings refer to the net income accrued to a business after debiting its dividends to shareholders.

You might be interested in
A manager who encourages subordinates to take time off from work to recuperate from stressful projects might be utilizing leader
sertanlavr [38]
The answer is Relationship.
6 0
3 years ago
Which of the following statements best explains why the red bar goes up when the blue goes up?
vesna_86 [32]

<u>Answer: </u>Higher spending than taxing results in a deficit, which contributes to more debt.

<u>Explanation:</u>

Here the red bar is referred to the debt and the blue bar is referred to the spending. When the government spending is more it decreases the government revenue and creates a deficit in the funds. When there is deficit it means the government borrows funds for spending which increases the debts.

Government spending to improve the status of the economy in the country. It Invests is various activities for growth and development purpose. Only on collecting high taxes the revenue of the government will increase. When taxes collected are low the government revenue is also low.

8 0
3 years ago
The following data are available for Cole Company. Increase in accounts payable $120,000 Increase in bonds payable 300,000 Sale
antoniya [11.8K]

Answer:

Net Cash=$390,000

Explanation:

Net Cash provided by financing activities = Increase in bond payable + Issuance of common stock - Payment of cash dividends

Net Cash= $300,000+$180,000-$90,000

Net Cash=$390,000

Net cash also refers to the amount of cash remaining after a transaction has been completed and all associated charges and deductions have been subtracted

6 0
3 years ago
Rita Rodriquez obtained a 24 month
tatiyna

Answer:

True

Explanation:

snce rita times 4 to the power of rodriquez is 24 then this is proven to be true

3 0
2 years ago
In order to implement contractionary policy, the government and central bank must _____ goverment spending _______ taxes, and __
Vedmedyk [2.9K]

Answer:

increase, decrease, decrease

Explanation:

3 0
3 years ago
Other questions:
  • A work center uses kanban containers that hold 200 parts. To produce enough parts to fill a container, 60 minutes of setup plus
    13·1 answer
  • Which of the following typically have the highest auto insurance premiums? A.Young, inexperienced drivers B.Older, experienced d
    7·2 answers
  • Which of the following is not one of the four components of the business process
    15·1 answer
  • The company has a target capital structure of 40% debt and 60% equity. Bonds pay 10% coupon (semi-annual payout), mature in 20 y
    11·1 answer
  • Mittelstaedt Inc., buys 60 percent of the outstanding stock of Sherry, Inc. Sherry owns a piece of land that cost $223,000 but h
    9·1 answer
  • Which gland empties directly into the mouth?
    11·1 answer
  • The Jay Group hires better employees than its competition by conducting effective searches and multi-tiered interviews. The comp
    14·1 answer
  • When it comes to obtaining information about employees, a key concept is
    5·1 answer
  • Productivity is difficult to measure because precise units of measure are available, quality is consistent, and exogenous variab
    14·1 answer
  • Martinez, Inc. manufactures a set of high-end computer storage systems for use by offices around the city. At the start of 2021,
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!