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ale4655 [162]
4 years ago
8

The ending Retained Earnings balance of Lambert Inc. increased by $1.8 million from the beginning of the year. The company's net

income earned during the year is $5.4 million. What is the amount of dividends Lambert Inc. declared and paid?
Business
1 answer:
Roman55 [17]4 years ago
3 0

Answer:

$4.4 million

Explanation:

The ending retained earnings of Lambert incorporation increases by $1.8 million

The net income earned during the year is $5.4 million

Therefore the amount of dividend declared and paid by Lambert incorporation can be calculated as follows

= $5.4 million - $1.8 million

= $4.4 million

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Assuming Raleigh BBQ has $48,000 in current assets and $39,000 in current liabilities. This refers to as working capital management.

<h3>What is Working Capital Management?</h3>

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3 years ago
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3 0
3 years ago
Daniela is a 25% partner in the JRD Partnership. On January 1, JRD makes a proportionate, liquidating distribution of $16,000 ca
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Answer:<u><em> The amount and character of Daniela's gain or loss from the distribution will be $0.</em></u>

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Given : Daniela is a 25% partner in the JRD Partnership, liquidating distribution of $16,000 cash, inventory with a $16,000 fair value (inside basis $8,000), and accounts receivable with a fair value of $8,000.

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4 0
3 years ago
You are cautiously bullish on the common stock of the Wildwood Corporation over the next several months. The current price of th
lys-0071 [83]

Answer:

650

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