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
natali 33 [55]
3 years ago
13

On January 1, Payson Inc. had a retained earnings balance of $20,000. During the year, Payson reported net income of $30,000 and

paid cash dividends of $17,000. Calculate the retained earnings balance at its December 31 year-end.
Business
1 answer:
amm18123 years ago
8 0

Answer:

=$33,000

Explanation:

Retained earnings will be the total income minus the dividend paid. For Payson inc. The retained earning as at 31st Dec 2104 will be

net income - divided paid out

=$30,000-$17,000

=$13,000

Total retained earnings as of 31st Dec will be

$13,000 + $20,000

=$33,000

You might be interested in
Performance, polygraph, or drug test are?
Mumz [18]

The correct answer is choice C.

Performance, polygraph and drug tests are sometimes required by employers in various fields in order to screen applicants.

6 0
3 years ago
What does gaslighting mean?
LenKa [72]
It’s basically manipulate
4 0
3 years ago
Read 2 more answers
E6-20 (Algo) Inferring Bad Debt Expense and Determining the Impact of Uncollectible Accounts on Income (Including Tax Effects) a
SVETLANKA909090 [29]
Theres is to much writing sorry hope this helps
8 0
3 years ago
a fish is 4 feet below sea level and a Fisherman is standing on a dock that is 5 feet above sea level. How far apart are the fis
mestny [16]
The answer is 1 level apart because 4-5=1 and 5 is 1 more up than 4
8 0
3 years ago
Proceeds from the sale of bonds represent a.the amount of the debit to Cash in the journal entry recording the sale. b.the face
insens350 [35]

Answer:

d.All of these choices are correct.

Explanation:

a) when we sale the bonds cash will be debited for the journal entry.

b) the value will be the face value times quoted value

face value of $1,000,000 quoted at 98

example $1,000,000 x 98/100 = $980,000

c) we compare the face value against the proceeds to determinate the gain or loss

4 0
4 years ago
Other questions:
  • A consultant was telling newly-hired salespeople about techniques they can use to increase sales. at one point he was talking ab
    14·1 answer
  • One way to demostarte assertiveness while interacting with a customer is to
    15·1 answer
  • At the local ballpark, the team charges $5 for each ticket and expects to make $1,400 in concessions. the team must pay its play
    13·1 answer
  • American​ Exploration, Inc., a natural gas​ producer, is trying to decide whether to revise its target capital structure. Curren
    11·1 answer
  • Which one of the following is a source of cash? Select one: A. Decrease in inventory B. Increase in fixed assets C. Decrease in
    5·1 answer
  • Which step in the product development process involves announcing a new
    11·1 answer
  • In the current year, Marnie rented her vacation home for 75 days, used it for personal reasons for 22 days, and left it vacant f
    11·1 answer
  • _____ is the method of determining what a business will get in exchange for its products.
    15·2 answers
  • A risk of marketing myopia is that sellers pay more attention to:.
    12·1 answer
  • What is the promissory note???​
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!