FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QUESTION 2 PT AAA posted a net profit of Rp 150,000. The company distributed dividends of Rp 96,000. At the end of 2020, PT AAA's

QUESTION 2 PT AAA posted a net profit of Rp 150,000. The company distributed dividends of Rp 96,000. At the end of 2020, PT AAA's retained earnings amounted to Rp. 300,000. REQUESTED: a. What is the change in retained earnings during 2021? b. Prepare a retained earnings statement for 2021.

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

Hospitality Industry Managerial Accounting

Hospitality Industry Managerial Accounting

Authors: Raymond S. Schmidgall

8th Edition

0866124977, 9780866124973

More Books

Students also viewed these Accounting questions

Question

★★★★★
Quantum, Inc. has warrants outstanding that allow the holder to purchase 1.5 shares of stock per warrant at $30 per share (exercise price). Thus, each individual share can be purchased at $30 with...

Answered: 1 week ago

Question

★★★★★
Echlin Inc. is an after-market supplier of automotive spare parts. 0 A part is usually made specifically for a particular model of a car. In order to forecast the demand for a part, Echlin tries to...

Answered: 1 week ago

Question

★★★★★
1. Ask a member of the family to share a skill or hobby.

Answered: 1 week ago

Question

★★★★★
Chris Ruth, president of Fairazon Industries Inc., believes that reporting operating cash flow per share on the income statement would be a useful addition to the companys just completed financial...

Answered: 1 week ago

Question

★★★★★
You purchased 100 shares of XYZ stock for $68. The stock splits 3:2. One year later, you received a special dividend (pre-split) of $6.00 per share and sold the shares for $62.50. What was your...

Answered: 1 week ago

Question

★★★★★
Adam has always been good with computers. When he was in 9 th grade, there were rumors that he hacked the school's computer system to change his and some of his friends' grades. Around the same time,...

Answered: 1 week ago

Question

★★★★★
A surface mount PCB placement/soldering line is to be installed for $2,300,000. It will have a salvage value of $100,000 after 5 years. Determine the depreciation deduction and the resulting...

Answered: 1 week ago

Question

★★★★★
How can stakeholders track how the planning team has addressed key issues during the development of the master plan study? Group of answer choices Preparation of meeting minutes Develop and follow a...

Answered: 1 week ago

Question

★★★★★
You are interested in the effects of time spent viewing television and Body Mass Index on cardiovascular fitness (CVF) in children. You have a sample of 60 middle school students. Each student...

Answered: 1 week ago

Question

★★★★★
The following financial statements and additional information are reported. IKIBAN INCORPORATED Comparative Balance Sheets Assets At June 30 Cash Accounts receivable, net Prepaid expenses 2021 2020 $...

Answered: 1 week ago

Question

★★★★★
At an air show, a jet is approaching you at a speed of 140 m/s. You hear the jet engine at 9. a frequency of 775 Hz. What was the emitted frequency of the jet engine? It was a hot day so the speed of...

Answered: 1 week ago

Question

★★★★★
How real is fake news? This activity provides an opportunity to consider which information and evidence is trustworthy. What criteria should be applied to judge the truth or the reliability of...

Answered: 1 week ago

Question

★★★★★
understand differences and connections between a text, a document, and a work.

Answered: 1 week ago

Question

★★★★★
What is fake news? This activity provides an opportunity to consider which information and evidence is trustworthy. What criteria should be applied to judge the truth or the reliability of...

Answered: 1 week ago

Previous Question Next Question