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Vesnalui [34]
3 years ago
14

The balance sheet items of Kiner company as of December 31, current year, follow in random order

Business
1 answer:
liberstina [14]3 years ago
6 0
Retained Earnings = $86,000

Accounting Equation…Assets= Liabilities + Owners Equity

Assets (Cash, acct rec, equipment, building, land) = $421,000

Liabilities (Notes payable, accounts payable)= $260,000

Equity (capital stock) = $75,000

Liabilities + Equity= $335,000

Retained Earnings flows into equity

$421,000-$335,000= $86,000

$335,000+86,000= $421,000

So the equation balances.
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Which accountants-only tool enables you to categorize a couple of transactions or a large batch of transactions in only a few cl
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Answer: Reclassify Transactions

Explanation:

The accountants-only tool that enables one to be able to categorize a couple of transactions or a large batch of transactions in only a few clicks is referred to as the reclassify transactions.

In order to reclassify transactions, one has to find the transactions that the accountant wants to reclassify first, after which the transactions would then be reclassified and then moved.

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3 years ago
An advantage to dedicated fulfillment is ___________________________.
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3 years ago
A widely used activity base for developing factory overhead rates in highly automated settings is a.direct labor dollars b.direc
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Answer:

c. machine hours

Explanation:

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7 0
4 years ago
Question 1 ronald reagan gave a speech in 1984 declaring "my dream is to see the day when nuclear weapons will be banished from
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3 years ago
Goehring, Inc. owns 70 percent of Harry, Inc. The consolidated income statement for a year reports $40,000 Noncontrolling Intere
Svetllana [295]

Answer:

Therefore would be Decrease in the financing section of the amount of $30,000.

Explanation:

Based on the information given if Goehring Inc owns 70% of Harry, Inc in which the consolidated income statement for a year reported the amount of $40,000 as Noncontrolling Interest in Harry, Inc. Income which means that if Harry paid dividends in the amount of $100,000 for the year the effects of these transactions that occured in the consolidated statement of cash flows for the year will be Decrease in the financing section of the amount of $30,000 calculated as :

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