Question
1) At January 1, 2022, Bramble Corp. reported Retained Earnings of $343000. During 2022, Bramble had a net loss of $73500 and paid dividends to
1) At January 1, 2022, Bramble Corp. reported Retained Earnings of $343000. During 2022, Bramble had a net loss of $73500 and paid dividends to the stockholders of $49000. At December 31, 2022, the balance in Retained Earnings is
$294000 credit.
$220500 credit.
$269500 debit.
$343000 debit.
2)
The following information is available for Skysong, Inc. for the year 2022:
(in million) | |
Cash receipts from operating activities | $640 |
Cash payments from operating activities | $200 |
Net cash used by investing | $170 |
Net cash provided by financing | $620 |
Net increase in cash and equivalents | ? |
Cash and equivalents at start of year | $450 |
Cash and equivalents at year-end | ? |
What is the cash and equivalents amount at year-end?
$440
$2080
$1340
$900
3) Concord Corporation began the year with retained earnings of $316000. During the year, the company issued $411000 of common stock, recorded expenses of $1275000, and paid dividends of $79200. If Concord's ending retained earnings was $336000, what was the companys revenue for the year?
$1374200
$1295000
$1706000
$1785200
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