Answer:
$53,300
Explanation:
Given that,
Common Stock account = $44,400
Beginning retained earnings = $32,600
Net income = $35,500
Dividend declared and paid = $14,800
Retained earnings at the end of the year:
= Beginning retained earnings + Net income - Dividend declared and paid
= $32,600 + $35,500 - $14,800
= $53,300
Therefore, the retained earnings at the end of the year is $53,300.
Answer:
$228,000
Explanation:
Preparation of the operating activities section of the statement of cash flows for 2017 for Sosa Company
Sosa Company operating activities section of the statement of cash flows for 2017
Net income $190,000
Add:Depreciation expenses $35,000
Loss on disposal of plant assets $5,000
Increase in accounts payable $17,000
Less: Increase in accounts receivable($15,000)
Increase in prepaid expenses ($4,000)
Net cash flow of the operating activities $228,000
Therefore the operating activities section of the statement of cash flows for 2017 for Sosa Company will be $228,000
The correct answer is Riverside will pay FUTA - $420 and SUTA - $336. Harrison will pay FUTA - $420 and SUTA - $408.
When completing this question it is important to know that the FUTA tax rate for 2019 is 6% on the first $7,000 of earnings each year.
Riverside Country Club will pay FUTA at 6% of $7,000 and SUTA of 4.2% of $8,000.
FUTA = $420
SUTA = $336
Harrison Furniture Company will pay FUTA at 6% of $7,000 and SUTA of 5.1% of $8,000.
FUTA = $420
SUTA = $408
Answer:
D) is correct.
Explanation:
If you break a project up, you will be able to complete sections as well as have motivation for the next section.
:)