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

Question

1 Approved Answer

Question 6 3 pts At January 1, 2014, Alligator Industries reported retained earnings of $130,000. During 2014, Alligator had a net loss of $30,000 and

image text in transcribed
Question 6 3 pts At January 1, 2014, Alligator Industries reported retained earnings of $130,000. During 2014, Alligator had a net loss of $30,000 and paid dividends of $15,000. At December 31, 2014, the amount of retained earnings is O $115,000. O $145,000. $85,000 $100,000

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

Management And Cost Accounting Tools And Concepts In A Central European Context

Management And Cost Accounting Tools And Concepts In A Central European Context

Authors: Andreas Taschner, Michel Charifzadeh

1st Edition

3527508228, 978-3527508228

More Books

Students also viewed these Accounting questions

Question

★★★★★
The file S02_07.xlsx includes data on 204 employees at the (fictional) company Beta Technologies. Use StatTools to find the mean, median, and standard deviation of Annual Salary, broken down by each...

Answered: 1 week ago

Question

★★★★★
A $1000 face value strip bond has 22 years remaining until maturity. What is its price if the market rate of return on such bonds is 6.5% compounded semiannually?

Answered: 1 week ago

Question

★★★★★
For the Body Fat data set with Overweight as the response variable and Age, Height, Neck, Chest, Hip, Ankle, and Biceps as the explanatory variables, Table 10.23 contains the best models according to...

Answered: 1 week ago

Question

★★★★★
How do the weighted average and first-in, first-out methods of process costing differ in their treatment of beginning Work in Process Inventory units?

Answered: 1 week ago

Question

★★★★★
Match the number with the letter... 1. interest a. First cash flow occurs 1 period after agreement begings 2. monetary interest b. the rate at which money will actually grow during a yr 3. compound...

Answered: 1 week ago

Question

★★★★★
In general, searches and seizures of computers have ________ legal requirements as any other type of seizures

Answered: 1 week ago

Question

★★★★★
ZARA, a Spanish fashion giant, has redefined fast fashion. Founded in 1 9 7 5 by Amancio Ortega, ZARA boasts over 2 , 0 0 0 stores in 9 6 countries, a testament to its rapid global expansion. Their...

Answered: 1 week ago

Question

★★★★★
JOHOR BARU: Fresh graduates face new challenges and stiff competition looking for jobs in the coming years due to the economic downturn caused by the Covid-19 pandemic. Universiti Teknologi Malaysia...

Answered: 1 week ago

Question

★★★★★
A 6000-lb weight is being pushed up an inclined surface. The weight is to accelerate from a zero velocity to a velocity of 5 ft/s in 0.5 s. The coefficient of friction between the weight and inclined...

Answered: 1 week ago

Question

★★★★★
Data given: Country A: n:1000 , X mean: 19.900, S2:5000, S:70.71 Country B: n:1500 , X mean: 20.200, S2:6400, S:80 (a) Consider whether the hypothesis that the average family income of country A is...

Answered: 1 week ago

Question

★★★★★
Enter the following trial balance into the chart of accounts: Account DR CR Cash 25,000 Vehicle net 74,000 Equipment net 7,500 Loan 50,000 Enter the following journal entries: sales of services for...

Answered: 1 week ago

Question

★★★★★
1 Should HR managers adopt an approach to ethics in which there are absolute rights and wrongs, or is it ethically acceptable to take a contingent perspective that could, for example, justify low...

Answered: 1 week ago

Question

★★★★★
1 Do you believe that companies should use an ethical investment policy in investing their pension funds, or is financial performance alone the most important issue? The London Pensions Fund...

Answered: 1 week ago

Question

★★★★★
1 Given the necessity of worldwide economic reform due to the recession, what are the advantages and disadvantages of unionised activity for employees and employers? In the US, labour unions are...

Answered: 1 week ago

Previous Question Next Question