Answer:
$13,496.93
Explanation:
At the end of 2017, plan had a balance of 220,000
Life expectancy factor at the age of 71 is <u>16.3</u> as per single life Expectancy table
So, Distribution amount = $220,000 / 16.3
= 13496.93251533742
= $13,496.93
So, the amount Mark must take as a distribution from the pension plan no later than April 1, 2018 is $13,496.93
Answer:
The answer is "The end of the Ice Age."
Explanation:
Answer:
Stock = 27.629 million
Explanation:
<u>Baldwin Corporation</u>
<u>Balance Sheets</u>
<u>Assets</u>
Cash of $8.040 million
Total Assets $163.111 million
<u>Liabilities and Owner's Equity </u>$163.111 million
Stock 27.629 million
Total Liabilities $101.255 million
Retained Earnings $34.226 million
According to Balance sheet approach total assets must equal total liabilities and Owner's Equity.
Total assets including cash are given which are equal to $163.111 million and when we subtract total liabilities and retained earning from it we get the value of stock.
Stock = Total Assets- Total Liabilities - Retained Earnings
Stock = $163.111 million - $101.255 million-$34.226 million
Stock = 27.629 million
Answer:
Huffman Corporation
Income Statement for the year end December 31, xxxx
Service revenue $13,900
Less: Expenses
Salaries expense $3,100
Advertising expense <u>$700 </u>
Total Expenses <u>($3,800)</u>
Net Income <u>$10,100</u>
Explanation:
Following account are the balance sheet accounts, so these are not used in the preparation of income statement.
Retained earnings 3,700
Cash $ 4,200
Equipment 10,700
Common stock 7,900
Accounts payable 2,250
Answer:
the amount of its stockholders' equity is $30,000
Explanation:
From The Accounting Equation, we know that :
Assets - Liability = Equity
Therefore,
Equity = $71,000 - $44,000
= $30,000