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Marina86 [1]
2 years ago
11

The Retained Earnings balance was $24,100 on January 1. Net income for the year was $19,900. If Retained Earnings had a credit b

alance of $26,200 after closing entries were made for the year, and if additional stock of $6,400 was issued during the year, what was the amount of dividends declared during the year?
Please see attachment as well there is a problem that I need help as well....Thank You!
Business
1 answer:
padilas [110]2 years ago
4 0

Answer: $17800

Explanation:

The opening balance of Retained earnings = $24,100

Net Income for the year = $19,900

Closing balance of Retained earnings = $ 26,200

The, the amount of dividends declared during the year = (opening balance) +(Net Income) -( Closing balance)

= $ (24100+19900-26200)

= $17800

Hence, the amount of dividends declared during the year  is $17800.

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Which costs are correlated with the firm’s sales and include the costs of labor, raw materials, and sales commissions?
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The correct answer is letter "B": direct.

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A leftward shift in the supply curve for a good may be caused by any of the following except A. consumer expectation of an incre
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Which statement best explains the decrease in manufacturing jobs over the next few years?
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<h3>Manufacturing trend in developed countries </h3>
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7 0
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