Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 13, 2024

RALPH INC. had retained earnings at the beginning of the year of $290000. During the year Laurier Inc. earned net income of $50000 and declared

RALPH INC. had retained earnings at the beginning of the year of $290000. During the year Laurier Inc. earned net income of $50000 and declared and paid dividends of $46000. What was Laurier Inc.'s retained earnings at the end of the year?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 3

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

Financial Accounting The Basics

Authors: Ilias Basioudis

1st Edition

1138605514, 9781138605510

More Books

Students also viewed these Accounting questions

Question

★★★★★

On January 1, 2018, Winn Heat Transfer leased office space under a three-year operating lease agreement. The arrangement specified three annual rent payments of $80,000 each, beginning December 31,...

Answered: 1 week ago

Question

★★★★★

On March 31, Osborne Consulting pays $150 on account for previously purchased supplies. Journalize this transaction and show the relationship between the general journal, t-accounts and the general...

Answered: 1 week ago

Question

★★★★★

Did I allow myself adequate time to generate options?

Answered: 1 week ago

Question

★★★★★

Dont tell me weve lost another bid! exclaimed Janice Hudson, president of Prime Products Inc. Im afraid so, replied Doug Martin, the operations vice-president. One of our competitors underbid us by...

Answered: 1 week ago

Question

★★★★★

EXTRA CREDIT: Compare static budgets to flexible budgets. What are similarities and what are differences. Give at least 2 advantages of flexible budgeting

Answered: 1 week ago

Question

★★★★★

. A monopoly has long run total cost given by: I C "Q+ 0.6"Q", where Q represents the units of output. . The market demand is given by: P(Q) = 185 - 2.3Q. The monopolist's marginal revenue and...

Answered: 1 week ago

Question

★★★★★

Which crystal system(s) listed below has (have) the following interaxial angle relationship? Triclinic Cubic Rhombohedral Hexagonal Monoclinic Tetragonal Orthorhombic a == y = 90

Answered: 1 week ago

Question

★★★★★

A very specific aspect of IT Governance is Data Governance. 1. What's the term "Data Governance" and explain it. 2. Explain what a data governance committee does within a health care organization. 3....

Answered: 1 week ago

Question

★★★★★

The purpose of this assignment is to record the work you have done finding a topic, building research questions, and doing a rhetorical analysis for your paper. Place your three (3) research...

Answered: 1 week ago

Question

★★★★★

13. [Anti-gradients] Find the general anti-gradient, f, i.e. f was the original function, and you are given the gradient of the function. (a) Vf(x, y) = (6x+4y, 2+12xy) -2e-2, -6z + 1y) (b) Vf(x,y) =...

Answered: 1 week ago

Question

★★★★★

A load downward load P 250 N is applied at B. It is supported by two truss members with member BA at an angle of 8 = 50 from horizontal and member BC at an angle of 02 35 from vertical. Calculate the...

Answered: 1 week ago

Question

★★★★★

LO5 Describe the guidelines for effectively communicating performance feedback to employees.

Answered: 1 week ago

Question

★★★★★

LO7 Explain how talent management uses information about employee performance and potential to guide employee decisions.

Answered: 1 week ago

Question

★★★★★

LO4 Discuss the advantages and disadvantages of the various raters of performance appraisal information.

Answered: 1 week ago

Previous Question Next Question