Blossom Company started the year with $44400 in its Common Stock account and a balance in Retained Earnings of $32600. During the year, the company earned net income of $35500 and declared and paid $14800 of dividends. In addition, the company sold additional common stock amounting to $20700. As a result, the amount of its retained earnings at the end of the year would be .

$53,300

Explanation:

Given that,

Common Stock account = $44,400

Beginning retained earnings = $32,600

Net income = $35,500

Dividend declared and paid = $14,800

Retained earnings at the end of the year:

= Beginning retained earnings + Net income - Dividend declared and paid

= $32,600 + $35,500 - $14,800

= $53,300

Therefore, the retained earnings at the end of the year is $53,300.

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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answer; buying the bill at a discount from the face value to be received at maturity;