Shown below in t-account format are the changes affecting the retained earnings of forge corporation during 2018. at january 1, 2018, the corporation had outstanding 104 million common shares, $1 par per share. retained earnings ($ in millions) 99 beginning balance retirement of 4 million common shares for $28 million 2 83 net income for the year declaration and payment of a $0.31 per share cash dividend 31 declaration and distribution of a 5% stock dividend 26 123 ending balance required: 1. from the information provided by the account changes you should be able to recreate the transactions that affected forge’s retained earnings during 2018. prepare the journal entries that forge must have recorded during the year for these transactions. 2. prepare a statement of retained earnings for forge for the year ended 2018.
Answers: 2
Business, 22.06.2019 06:00
Cash flow is often a problem for small businesses. how can an entrepreneur increase cash flow? a) locate lower-priced suppliers. b) forego sending in estimated tax payments to the irs c) shorten the terms on a bank loan to pay it off more quickly d) sell more low-margin items.
Answers: 1
Business, 22.06.2019 08:10
What are the period and vertical shift of the cosecant function below? period: ; vertical shift: 1 unit up period: ; vertical shift: 2 units up period: ; vertical shift: 1 unit up period: ; vertical shift: 2 units up?
Answers: 3
Business, 22.06.2019 15:50
Singer and mcmann are partners in a business. singer’s original capital was $40,000 and mcmann’s was $60,000. they agree to salaries of $12,000 and $18,000 for singer and mcmann respectively and 10% interest on original capital. if they agree to share remaining profits and losses on a 3: 2 ratio, what will mcmann’s share of the income be if the income for the year was $15,000?
Answers: 1
Business, 22.06.2019 19:50
Which of the following would create the most money? the initial deposit is $6,500 and the required reserve ratio is 20 percent. the initial deposit is $3,000 and the required reserve ratio is 10 percent. the initial deposit is $7,500 and the required reserve ratio is 25 percent. the initial deposit is $4,500 and the required reserve ratio is 15 percent.
Answers: 1
Shown below in t-account format are the changes affecting the retained earnings of forge corporation...
Physics, 04.05.2021 22:10
Mathematics, 04.05.2021 22:10
Mathematics, 04.05.2021 22:10
Mathematics, 04.05.2021 22:10
English, 04.05.2021 22:10
Spanish, 04.05.2021 22:10