Answer:
Option D is correct,$1,950,000
Explanation:
In order to compute the closing balance of retained earnings, the preferred shares dividends for prior and current years as well as the common stock dividend must be deducted from net income before adding the remnant to the opening retained earnings:
Net income $870,000
Preferred dividend prior year($100*20000*8%) ($160,000)
Preferred dividend current year($100*20000*8%) ($160,000)
Common stock dividend($2*100,000) ($200,000)
net income after dividends $350,000
Closing retained earnings=$1600,000+$350,000
=$1,950,000
Answer:$500
Explanation:
Sell short means ,borrowing shares of a company that the buyer speculates will fall in value at a later date
Change in equity 100(28-23)=100×5=$500
Its actually <em><u>A) Office Managers and Human Resource workers</u></em>
Answer:
the cpi has understated the cost of living because of quality improvement bias
