Question
Can you confirm my answers, please? 11. What did Taras Construction Company record as Total Current Assets on December 31, 2018 balance sheet? Answer: 1,676,100
Can you confirm my answers, please?
11. What did Taras Construction Company record as Total Current Assets on December 31, 2018 balance sheet?
Answer: 1,676,100
12. What did Taras Construction Company record as Total Current Liabilities on December 31, 2018 balance sheet?
Answer: 793,200
13. What did Taras Construction Company record as Total Assets on December 31, 2018 balance sheet?
Answer: 6,605,900
14. What was Total Shareholders Equity on Taras Construction Company December 31, 2018 balance sheet?
Answer: 3,223,100
15. Taras Construction Company reported net income for 2018 of $871,860 and the company paid dividends of $0.40 per share in 2018. Given this information (along with the data provided above), compute what Taras Construction Company reported as retained earnings on its December 31, 2017 balance sheet? (Assume that no additional shares of stock were issued between December 31, 2017 and December 31, 2018).
Answer: 828,256
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