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earnstyle [38]
3 years ago
13

During 2017, its first year of operations, Jane's Bakery had revenues of $130,000 and expenses of $66,000. Retained earnings at

the beginning of 2017 were $0 and during 2017, the business paid cash dividends of $36,000 . What is the balance in Retained Earnings at December 31, 2017? $0 $36,000 $28,000 $64,000
Business
1 answer:
Phantasy [73]3 years ago
5 0

Answer:

$28,000

Explanation:

Ending retained earnings = beginning retained earning + current earnings - dividends paid out.

for Jane's Bakery,

Beginning retained earning 0,

Dividends : $36,000

earnings = revenues - expenses

earnings = $130,000 - $ 66,000

=64,000

ending retained earnings = 0+$64,000- $36,000

=$28,000

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William is interested in exercising more, but does not feel he has the time. Write a short response explaining how he can find t
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3 years ago
Economists use the distinction between private and public goods to determine __________
Butoxors [25]

Economists use the distinction between private and public goods to determine what projects and activities should be undertaken by the government.

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8 0
2 years ago
Rice Corp. noticed that a check written by the company for utility expense in the amount of $1,000 was incorrectly recorded by t
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2 years ago
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AlladinOne [14]

Answer:

Under NASAA's Statement of Policy on Dishonest or Unethical Business Practices of Broker/Dealers and Agents, which of the following is NOT considered when determining excessive trading in a client's account:

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