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Retained earnings represent: O cash available for dividends. O income which has not been paid out to stockholders as dividends. cash available for expansion and
Retained earnings represent: O cash available for dividends. O income which has not been paid out to stockholders as dividends. cash available for expansion and growth. O the amount initially invested in the business by stockholders. COMPANY COMPANY A COMPANY B COMPANY C ($ in millions) Net cash provided (used) from operating activities $91,056 $2,536 $(640) Net cash provided (used) from investing $(68,676) $(7,136) $(7,876) activities Net cash provided (used) from financing activities $(11,904) $6,800 $8,552 Which company appears to be using amounts from operating activities to purchase property, plant, and equipment (PP&E), repay debt, and pay dividends? Cathy Company recorded (and paid) salaries expense of $100,000 in 2021. However, additional salaries of $15,000 had been earned by employees, but not paid or recorded at December 31, 2021. After the appropriate accounts are adjusted for the year ending December 31, 2021, the balance in the Salaries Expense and Salaries Payable accounts will be: O Salaries Expense Salaries Payable $85,000 $15,000 Salaries Expense Salaries Payable $115,000 $0 Salaries Expense Salaries Payable $100,000 $15,000 Salaries Expense Salaries Payable $115,000 $15,000 Salaries Expense Salaries Payable $100,000 $0
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