Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please fill in the following requirements. 1 of 9 (1 complete) HW Score: 0%, 0 of 9 pts Score: 0 of 1 pt X S13-14

please fill in the following requirements.
image text in transcribed
image text in transcribed
1 of 9 (1 complete) HW Score: 0%, 0 of 9 pts Score: 0 of 1 pt X S13-14 (similar to) Question Help Spohr, Inc. had beginning retained earnings of $105,000 on January 1, 2018. During the year, Spahr declared and paid $95.000 of cash dividends and earned 560,000 of net income Prepare a statement of retained earnings for Spah, Inc. for the year ending December 31, 2018 Enter any increases in retained earnings prior to the subtotal and any decreases to retained earnings below the subtotal Spahr, Inc. Statement of Retained Earnings Year Ended December 31, 2018 Retained Earnings, January 1, 2018 Net income for the year $ 105,000 Dividends declared Inc Retained Earnings, December 31, 2018 Choose from any list or enter any number in the input fields and then click Check Answer. 2 of 9 (1 complete) HW Score: 0%, 0 of 9 pts S13-17 (similar to) Question Help GAZ Corporation had net income for 2018 of $36,500. GAZ had 1,800 shares of common stock outstanding at the beginning of the year and 24.200 shares of common stock outstanding as of December 31, 2018. During the year, GAZ declared and paid preferred dividends of $20.250. Therefore, GAZ's earnings per share for 2018 is $1.25. Assume the market price of GAZ's common stock is $7.00 per share. Compute GAZ's pricelearnings ratio, Select the formula, then enter the amounts to calculate the company's pricelearnings ratio as of December 31, 2018. (Abbreviations used: Ave. - average, OS outstanding, SE = stockholders' equity, shrs = shares. Round the ratio to two decimal places.) = Price learnings ratio Choose from any list or enter any number in the input fields and then click Check Answer All parts showing Clear All

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Evaluating The Effectiveness On Internal Audit Departments

Authors: W. Steve Albrecht, Keith R. Howe, Dennis R. Schueler, Kevin D. Stocks

1st Edition

089413177X, 978-0894131776

More Books

Students also viewed these Accounting questions