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Wewaii [24]
3 years ago
10

Grason Corporation is preparing a budgeted balance sheet for 2015. The retained earnings balance at December 31, 2014 was $533,5

00. The 2015 budgeted income statement shows expected net income of $112,000. The company expects to declare dividends during 2015 amounting to $40,000. The expected balance in retained earnings on the 2015 budgeted balance sheet is________________.
A. $533,500.
B. $685,500.
C. $493,500.
D. $605,500.
E. $645,500.
Business
1 answer:
OlgaM077 [116]3 years ago
7 0

Answer:

D. $605,500

Explanation:

At the end of 2014, the Retained Earning balance was $533,000. This serves as our beginning balance for the year 2015.

Furthermore, Dividends are expected to be paid out, i.e. a deduction on the balance sheet.

Retained Earnings on the 2015 budgeted balance sheet = Beginning Balance + Expected Net Income - Expected Dividend

=533,500+112,000-40,000

=$605,500

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Diversionary incentive is usually implemented by certain countries for their own selfish gains,they want their own Citizens to focus their minds and interests in crisis outside their own Country,hence lossing focus of the problems bedeviling their own country.

5 0
2 years ago
A building acquired at the beginning of the year at a cost of $123,800 has an estimated residual value of $4,800 and an estimate
grigory [225]

Answer:

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Explanation:

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I hope my answer helps you

6 0
3 years ago
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ivanzaharov [21]

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6 0
2 years ago
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Eddi Din [679]

Answer:

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Explanation:

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7 0
2 years ago
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ZanzabumX [31]

Answer:

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Explanation:

"according to the accrual-basis method of accounting, revenues are recognized when they are earned"

good luck

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