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lord [1]
3 years ago
13

The accountant for Crusoe Company is preparing the company's statement of cash flows for the fiscal year just ended. The followi

ng information is available: Retained earnings balance at the beginning of the year $ 132,000 Cash dividends declared for the year 52,000 Proceeds from the sale of equipment 87,000 Gain on the sale of equipment 8,200 Cash dividends payable at the beginning of the year 24,000 Cash dividends payable at the end of the year 27,200 Net income for the year 98,000 What is the ending balance for retained earnings
Business
1 answer:
Scorpion4ik [409]3 years ago
7 0

Answer:

the Ending retained earnings balance is $178,000

Explanation:

The computation of the ending retained earnings balance is shown below:

Ending retained earnings balance is

= Opening retained earning balance + net income for the year + cash dividend declared for the year

= $132,000 + $98,000 - $52,000

= $178,000

hence, the Ending retained earnings balance is $178,000

The same is relevant

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Maggie purchased a life insurance policy. She was concerned that if she became disabled, she would no longer be able to pay the
ehidna [41]

Answer:

The correct answer is letter "B": rider.

Explanation:

While talking about insurance, riders are provisions added to the regular coverage for life, home, or auto policies. The insured can request adding the rider under a determined fee which is usually low because there is little underwriting involved. Riders are customizable amendments that fulfill very specific needs of the policyholders.

<em>In Maggie's case, a rider was added to protect her in the case she becomes disabled because she is concerned that event can happen.</em>

3 0
3 years ago
Isaac holds one ton of perishable fruit in storage for Juice Smoothies Corporation. Juice Smoothies does not pay for the storage
FrozenT [24]

Answer:

The correct answer is option b.

Explanation:

Here, when the Juice smoothies does not pay Issac, the selling of fruits is an example of mitigation of damages.

Mitigation of damages can be referred as a contract law under which a victim of breach of law can take actions in order to minimize damages. It means to take any reasonable opportunity possible under the given circumstances to minimize or reduce damages. Though taking extreme actions is not required.

7 0
3 years ago
After initial investigation into this topic, you suspect that several problems you identified in your scope statement might not
mr Goodwill [35]

Answer:ok so...

Explanation:

8 0
4 years ago
Which one of the following is a primary market transaction? Group of answer choices Sale of currently outstanding stock by a dea
trapecia [35]

Answer:

sale of a new share of stock to an individual investor

Explanation:

Securities are created in the primary market. With an IPO which stands for initial public offering, new stocks are sold to the public by companies on a first time basis.

The sale of a new share of stock in the question is an example of a primary market transaction.

6 0
4 years ago
Read 2 more answers
Check all answers that apply. Based on the model output, we can say that both the size of the move (CuFt) and number of large fu
RideAnS [48]

Answer:

P-value for slope coefficient of the size of the mode CuFt is0.00

Explanation:

The slope coefficient is change in probability when all other independent variables are held constant. The output is 93.3 which is due to the variation in labor hours. These variations are due to large number of furniture moved in cubic feet.

7 0
3 years ago
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