1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
Expectations of inflation are always greater than actual inflation along the long-run Phillips Curve.
lawyer [7]

Answer:

True.

Explanation:

The statement is “True” because the Philip curve is the curve that exhibits the relationship between the inflation or price level and unemployment. If inflation rises, then unemployment falls. If inflation falls, then unemployment rises. This happens because there is a negative relationship between inflation and unemployment. However in the long run the Philip curve is a verticle line parallel to the inflation axis and that shows there is no trade-off. Thus the option A is correct.

8 0
3 years ago
Riverbed Company designated Jill Holland as petty cash custodian and established a petty cash fund of $236. The fund is reimburs
11Alexandr11 [23.1K]

Answer:

The journal entry is shown below:

Explanation:

According to the scenario, the journal entries for the given data are as follows:

Petty cash A/c Dr  $236

To Cash A/c $236  

(Being establishment of the fund is recorded )

Office supplies A/c Dr  $94

Misc. Expense A/c Dr $89

Cash Over / Short Dr $22             ( $236 - $31 - $89 - $94)

To Cash A/c  $205                        ( $236 - $31)

(Being Reimbursement of the fund is recorded)

5 0
3 years ago
In the United States, all financial institutions are required to conduct business at a physical location only.
worty [1.4K]

Answer:

B-False

Explanation:

Because some companies do business online.

4 0
3 years ago
When managing your human resources, _____________ is the process of deciding who should be hired, under legal guidelines, to ser
Oksanka [162]

Answer:

Employee Selection

Explanation:

Employee Selection -

It refers to the process of selecting the best candidate for the company or organisation , is referred to as employee selection .

The first of all requirement in most of the selection process is the educational qualification , which need to be fulfilled and then proceeded to further steps .

There could be various steps involved for the selection process , like test , interview , group discussion etc.

The people excelling in all the steps are selected to work for the company .

Hence , from the given information of the question ,

The correct term is employee selection .

3 0
3 years ago
You're responsible for managing your company's social media accounts. your colleague tells you about how a lot of businesses are
Ann [662]
If the pinterest account is helpful in promoting the content of the company and it is reliable for having to give a high reputation of the company that I would put into consideration the offer of my colleague if it meant of having to promote the company's name and reputation.
4 0
3 years ago
Other questions:
  • Targaryen Corporation has a target capital structure of 65 percent common stock, 5 percent preferred stock, and 30 percent debt.
    8·1 answer
  • On November 1, 2021, Aviation Training Corp. borrows $46,000 cash from Community Savings and Loan. Aviation Training signs a thr
    6·1 answer
  • I need help on Personal Finance.
    14·1 answer
  • How would a decrease in u.s. capital investment by peruvians impact the supply of the peruvian sol and the u.s. dollar price of
    7·1 answer
  • Asking a job candidate his or her marital status is
    14·2 answers
  • Melinda signs a three year contract for employment as a legal studies lecturer. Does this type of contract fall within the scope
    15·1 answer
  • Suppose you have the following information on Sam's budget. Sam has a yearly budget of $2000 to spend on consuming concert ticke
    7·1 answer
  • A tax preparer is part of
    7·2 answers
  • Solutions to deal with social, cultural and demographic issues​
    7·1 answer
  • A company that continually adds more features to an existing product to try to appeal to more customers may end up overwhelming
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!