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PLEASE ANSWER PART B and Check my work on PART A. Thank you Do not forget to label your numbers especially when doing an income
PLEASE ANSWER PART B and Check my work on PART A. Thank you
Do not forget to label your numbers especially when doing an income statement.
- A firm has net income of $95,000. Dividends are $35,000.
- How much does the firm put in retained earnings?
Calculation Workspace | |
Net income | $ 95,000.00 |
Dividends | ($ 35,000.00) |
To retained earnings | $ 60,000.00 |
- Give me three different scenarios in the above problem (A) (with funds going into retained earnings) that will make the balance sheet stay balanced. Please give dollar amounts.
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