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39. The following information is available for Mobily Corporation: Retained earnings beginning balance Dividends paid during the year Cash dividends declared Revenue Expenses $105,000 $167,000
39. The following information is available for Mobily Corporation: Retained earnings beginning balance Dividends paid during the year Cash dividends declared Revenue Expenses $105,000 $167,000 $ 67,000 $100,000 $ 73,000 What is the ending retained earnings balance? a) $ 38,000. b) $ 65,000. c) $ 132,000. d) $ 145,000. 40. Profit for Sandos Inc., was $ 10,000 in 2021. Shareholders' equity was $ 100,000 at December 31 2019, $ 200,000 at December 31, 2020, and $ 300,000 at December 31, 2021. Return on equity for 2021 is: a) 5%. b) 4%. c) 3.3%. d) 10%. 41. The cash flow statement is used to: a) provide information about the investing and financing activities during a period. b) prove that revenues exceed expenses if there is a profit. c) provide information about the cash receipts and cash payments during a period. d) facilitate banking relationships. 42. On the cash flow statement, cash inflows from the sale of bonds is reported as a(n): a) operating activity. b) financing activity. c) investing activity. d) significant noncash investing activity
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