Southlake Properties had sales of $40 million and net income of $2 million in FY2019. The firm declared and paid a dividend of $1.5 million. At the beginning of FY2019 the balance for retained earnings was $4 million. What amount should appear for retained earning in Southlake's FY2019 year end balance sheet?

Computing depreciation, net book value, and gain or loss on asset sale lynch company owns and operates a delivery van that originally cost $46,400. lynch has recorded straight-line depreciation on the van for four years, calculated assuming a $5,000 expected salvage value at the end of its estimated six-year useful life. depreciation was last recorded at the end of the fourth year, at which time lynch disposes of this van. compute the net bookvalue of the van on the disposal date.

Personal financial planning is the process of creating and achieving financial goals? true or false

Mark knopf is an auditor who has been asked to provide an audit and financial statement certification for a company that is going public on the new york stock exchange. knopf wants to know his personal liability if the company provides him with inaccurate or false information. which of the following sources of law will him answer that question? a. the city ordinances where the company headquarters is located. b. the state constitution of the state where the company is incorporated. c. code of federal regulations. d. all of the above