Business, 07.06.2020 01:01 marialegarda4211

Wildhorse Corporation has retained earnings of $677,000 at January 1, 2020. Net income during 2020 was $1,510,000, and cash dividends declared and paid during 2020 totaled $82,000. In addition, an error was discovered: land costing $87,000 (net of tax) was charged to maintenance and repairs expense in 2019. Determine the ending retained earnings balance for the year ended December 31, 2020.

Answers: 2

Show answers

Other questions on the subject: Business

Business, 21.06.2019 21:40, khynia11

Torino company has 1,300 shares of $50 par value, 6.0% cumulative and nonparticipating preferred stock and 13,000 shares of $10 par value common stock outstanding. the company paid total cash dividends of $3,500 in its first year of operation. the cash dividend that must be paid to preferred stockholders in the second year before any dividend is paid to common stockholders is:

Answers: 2

continue

Business, 22.06.2019 11:40, avagracegirlp17zx2

On january 1, 2017, sophie's sunlounge owned 4 tanning beds valued at $20,000. during 2017, sophie's bought 3 new beds at a total cost of $14 comma 000, and at the end of the year the market value of all of sophie's beds was $24 comma 000. what was sophie's net investment

Answers: 3

continue

Business, 22.06.2019 13:50, 2023apd

Diamond motor car company produces some of the most luxurious and expensive cars in the world. typically, only a single dealership is authorized to sell its cars in certain major cities. in less populous areas, diamond authorizes a single dealer for an entire state or region. the manufacturer of diamond automobiles is using a(n) distribution strategy for its product.

Answers: 2

continue

Business, 22.06.2019 18:10, salvadorperez26

Find the zeros of the polynomial 5 x square + 12 x + 7 by factorization method and verify the relation between zeros and coefficient of the polynomials

Answers: 1

continue

You know the right answer?

Wildhorse Corporation has retained earnings of $677,000 at January 1, 2020. Net income during 2020 w...