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Anastaziya [24]
2 years ago
13

The accountant for TI Company is preparing the company's statement of cash flows for the fiscal year just ended. The following i

nformation is available:
Retained earnings balance at the beginning of the year $166,000
Cash dividends declared for the year 52,000
Net income for the year 99,500.

What is the ending balance for retained earnings?
Business
1 answer:
dem82 [27]2 years ago
6 0

Answer:

$213,500.

Explanation:

Retained earnings balance at the beginning of the year $ 166,000

- Cash dividends declared for the year   52,000

+ Net income for the year   99,500

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Answer:

I believe the answer is d

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If a seller notices he or she is not selling much of a particular product, he or she is most likely going to
MrRissso [65]
He is going to reduce the price of the item because it may because of the price and the demand rate that the item isnt selling.
8 0
3 years ago
Suppose Baa-rated bonds currently yield 6%, while Aa-rated bonds yield 4%. Now suppose that due to an increase in the expected i
Leviafan [203]

Answer:

Initial confidence index 66.67%

New confidence index 71.4%

Explanation:

Calculation of what would happen to the

confidence index

Using this formula

Confidence index=(Average yield for high grate bonds)/(Average yield for intermediate graded bonds)

Let plug in the formula

Initial confidence index=4%/6%

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Due to increase in the yields the New Confidence Index will be;

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=(4%+1%)/(6%+1%)

=5%/7%=0.7142857 or 0.714

0.714×100=71.4%

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6 0
3 years ago
all of the company's earnings kept rather than distributed to stockholders decreased by dividends decreased by purchases of land
andre [41]

Retained Earnings are increased by net income, decreased by dividends, sometimes called earned capital and all of company's earnings kept rather than distributed to stockholders.

Are Retained Earnings the Same as Profits?

Profits do not deduct dividend payments from a company's profit, whereas retained earnings do. This is the major distinction between retained earnings and profits. Profits may suggest a corporation has a positive net income, whereas retained earnings, depending on the number of dividends given to shareholders, may show a company has a net loss.

Why retained earnings is important?

Retained earnings can assist a business raise the value of its stock, ensuring organizational sustainability, and providing funding for crucial tasks like R&D and expansion without raising debt.

Learn more about Retained Earnings: brainly.com/question/14529006

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5 0
2 years ago
Never, Inc., earns book net income before tax of $500,000. In computing its book income, Never deducts $50,000 more in warranty
goldenfox [79]

Answer:

c.$10,500

Explanation:

The computation of the deferred income tax asset is shown below:

= Warranty expense for book purposes  × U.S tax rate

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For computing the deferred income tax asset reported, we simply multiply the warranty expense with the U.S tax rate.

Hence, we ignored the net income before tax as it is an irrelevant part which is given in the question

8 0
3 years ago
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