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Anna71 [15]
3 years ago
5

Electronics World Inc. paid out $29.7 million in total common dividends and reported $342.3 million of retained earnings at year

-end. The prior year's retained earnings were $287.5 million. What was the net income? Assume that all dividends declared were actually paid. Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest dollar, if necessary.
Business
1 answer:
timofeeve [1]3 years ago
5 0

Answer:

The net income is $845,000,000

Explanation:

In this question, we use the retained earning equation which is shown below:

The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid

$3,423,000,000 = $2,875,000,000 + net income - $297,000,000

$3,423,000,000 = $2,578,000,000 + net income

So, the net income would be

= $3,423,000,000 - $2,578,000,000

= $845,000,000

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Answer:

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1. Pre-admission-seeking Investigation Procedures:

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2. Adam's initial reaction when confronted:

Adam would be defensive and try to deny the existence of such acts, especially when he is not sure that you have got some evidence against him.

3. Adam might try to cover his track when suspicion alert has been raised to his knowledge.  He might contact the vendors and suppliers involved to ensure that they did not disclose any unfavorable information to the investigator.  He might also engage in bluffing, that is trying to prove his innocence before the investigation proper.

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In law, fraud is the deliberate misrepresentation of facts for the purpose of depriving someone of a valuable possession or enriching oneself.

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3 years ago
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I think it’s 1. retail clerk

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