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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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