131. The following information is available for Mobily Corporation. $ 105,000 $ 167,000 $ 67,000 $ 100,000 $ 73,000 Retained earnings beginning balance Dividends paid during the year Cash dividends declared Revenue Expenses What is the ending retained earnings balance? a) S 38,000 b) $ 65,000 C)$ 132.000 d) S 145,000

Origami Inc. reported the following items on its financial statements for the year ended December 31, 2020: Sales                                                  $780,000 Selling and general expenses            20,000 Dividends                                                5,000 Cost of sales                                       700,000 Other expenses                                   15,000 Income tax expense                           12,500 What amount will be reported as retained earnings on the December 31, 2020 balance sheet, assuming this is the first year of operations? Select one: a. Cannot be determined from the information provided b. $22,500 c. $42,500 d. $27,500

For the year ending December 31, 2022, Sheridan Inc. reports net income $147,000 and cash dividends $88,500. Determine the balance in retained earnings at December 31, assuming the balance in retained earnings on January 1, 2022, was $223,500. Balance in retained earnings %24

Quality Instruments had retained earnings of $320,000 at December 31, 2020. Net income for 2021 totaled $215,000, and dividends declared for 2021 were $95,000. How much retained earnings should Quality report at December 31, 2021? OA. $415,000 OB. $440,000 OC. $320,000 OD. $535,000

Please help solving Example P20-7 from Chapter 20 in the Financial Reporting and Analysis 8th Edition Presented next are the balance sheet accounts of Bergen Corporation as of December 31, 20X1 and 20X0.   20X1   20X0   Increase (Decrease) Assets                       Current assets:                       Cash $ 541,000     $ 308,000     $ 233,000   Accounts receivable, net   585,000       495,000       90,000   Inventories   895,000       780,000       115,000   Total current assets   2,021,000       1,583,000       438,000   Land   350,000       250,000       100,000   Plant and equipment   1,060,000       720,000       340,000   Accumulated depreciation   (295,000 )     (170,000 )     (125,000 ) Leased equipment under capital lease   158,000       -0-       158,000   Marketable investment securities, at cost   -0-       75,000       (75,000 ) Investment in Mason, Inc., at cost   180,000       180,000       -0-   Total assets $ 3,474,000     $ 2,638,000…

Accounts Payable$ 46,000 Accounts Receivable23, 800Cash (balance on January 1, 2021)90, 400Cash ( balance on December 31, 2021)78,000Common Stock152, 500 Dividends0Equipment137, 700Income Tax Expense10, 200Interest Expense 29, 600Inventory 17, 300Notes Payable25,000Office Expense 14, 400Prepaid Rent7, 100 Retained Earnings (beginning)6, 800Salaries and Wages Expense35, 800Service Revenue139,800 Utilities Expense25, 200Salaries and Wages Payable9, 000 Other cash flow information: Cash from issuing common stock$ 22,000Cash paid to reacquire common stock24, 500Cash paid for income taxes11, 100Cash paid to purchase long-term assets53, 400Cash paid to suppliers and employees84, 400Cash received from customers139,000 Prepare a statement of retained earnings for 2021.

Cotton Company has the following balance sheets and retained earnings statements:       2022 2021       Cash     $10,000 $15,000       Receivables     15,000 10,000       Inventories (FIFO)   18,000 23,000       Other Assets   40,000 15,000             $83,000 $63,000       Capital Stock   $40,000 $30,000       Retained Earnings   43,000 33,000             $83,000 $63,000                                       Retained Earnings Jan 1   $33,000 $35,000       Income     15,000 12,000       Dividends     -5,000 -14,000       Retained Earnin Dec 31   $43,000 $33,000                       The above incomes and Retained Earnings balances are based on FIFO Cost of Goods Sold.   Cotton changed from FIFO to LIFO on January 1, 2022. December 31, 2022 inventory at LIFO is $17,000 while December 31, 2021 inventory at LIFO is $21,000. Inventory at January 1, 2021 was zero.                           a. Prepare statements in the format above assuming 2022 will…

10 - T&T Company's selected financial statements items are given as following. Total net sales equals to 100.000 TL, COGS equals to 50.000 TL, operating expenses equals to 20.000 TL, interest expenses equals to 10.000 TL, tax expenses 5.000 TL, total depreciation & amortization expenses equals to 15.000 TL. Calculate the EBITDA/Interest Expense ratio of the company for the year 2020. a) 2,50 b) O 01374 3,00 c) O 4,50 d) 5,00

Balance sheet and income statement data indicate the following: Company A Company B $1,200,000 495,000 75,000 50,000 21,000 Bonds payable, 8%, 24-year bonds Income before income tax for year Income tax for year Interest payable Interest receivable 28,000 a. For each company, what is the times interest earned ratio? (Round to one decimal place.) $900,000 130,000 12,000 Company A Company B b. Which company gives potential creditors more protection?

A company has the following data for a year: Revenue                                250 MM Deprecation                          20 MM Other Operating Costs                       240 MM Financing Costs                     0 Profits Tax                            25% Dividends Distributed             25MM   Q Before-Tax Profits/Loss,    Tax,   Change in Book Value equals, Net Change in Cash (on Balance Sheet),