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damaskus [11]
3 years ago
6

The accountant for Huckleberry Company is preparing the company's statement of cash flows for the fiscal year just ended. The fo

llowing information is available:
Retained earnings balance at the beginning of the year $151,000
Cash dividends declared for the year $46,000
Net income for the year $92,000
What is the ending balance for retained earnings?
a) $264,000.
b) $13,000.
c) $243,000.
d) $197,000.
e) $105,000.
Business
1 answer:
o-na [289]3 years ago
5 0

Answer:

The ending balance for retained earnings is $197,000

Explanation:

Calculation of available retained earnings of the company

Available retained earnings = Beginning retained earnings + Net income

= $ 151,000 + $92,000

= $ 243,000

Thus, the available retained earnings is $243,000.

Calculation of ending balance for retained earnings.

Ending balance for retained earnings = Available retained earnings balance - Dividend paid

= $ 243,000 - $46,000

= $ 197,000

Thus, the ending balance for retained earnings is $197,000.

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3 years ago
Burnett Corp. pays a constant $9.80 dividend on its stock. The company will maintain this dividend for the next 14 years and wil
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Stocks X and Y have the following data. Assuming the stock market is efficient and the stocks are in equilibrium, which of the f
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Hope it helped...Please mark brainliest. Have a nice day!

7 0
2 years ago
Jillian Diaz receives a regular salary of $1,500 a month and is entitled to overtime pay at the rate of one and one-half times t
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Answer:

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6 0
3 years ago
Many economists believe that the market for wheat in the United States is an almost perfectly competitive market. If one firm di
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3 0
3 years ago
Read 2 more answers
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