questions:

Financing activities for corporations include borrowing money and selling shares of their own stock. True or False At December 31, 2014 Lowery Company had retained earnings of $2, 384,000. During 2014 they issued stock for $98,000, and paid dividends of $34, 000. Net income for 2014 was $402, 000. The retained earnings balance at the beginning of 2014 was $2, 752, 000 $2, 016, 00 $2,114,000 $2, 654, 000 Current assets divided by current liabilities is known as the working capital. current ratio. profit margin. capital structure. Ending retained earnings for a period is equal to beginning Retained earnings + Net income + Dividends Retained earnings - Net income - Dividends Retained earnings + Net income - Dividends Retained earnings - Net income + Dividends The financial statement that summarizes the changes in the retained earnings for a specific period of the time is the balance sheet. income statement. statement of cash flows. retained earnings statement