Answer:
Amount of retained earnings at the end of Year 1 was $8,550
Step-by-step explanation:
In Year 1
net income= $21,100
dividends = $12,550
In Year 2
Net income = $35,100
Paid dividends = $5,550
At the end of Year 1, the company had total assets of $161,000
At the end of Year 2, the company had total assets of $ $251,000
Retained Earning at the end of Year 1 = Opening balance + Net Income - Dividend paid
Retained Earning at the end of Year 1 = 0 + 21,100 - 12,550 = 8550
Using Communative Property, We can switch the equation around to make it look the same.
Step-by-step explanation:
Answer:
Step-by-step explanation:
Multiply the numerator by the reciprocal of the denominator.
4/5(
−2/9)
