A company has net income for the year of $20mm. It also pays $5mm in dividends and buys back $2mm of its stock. What changes on the balance sheet and by how much (how is it accounted for)?

Q: Inc., had owners' equity of $49,850. During the year, net income was $6,150 and the company paid…

A: Owners equity is the amount which belongs to the owners of the business.

Q: Answer with correct

A: Step 1: To determine the value of the company's total assets, we can use the accounting equation:…

Q: Maynard Enterprises paid $1,524 in dividends and $1,312 in interest over the past year. The common…

A: Net income, also known as net profit, is the amount of revenue that remains after deducting all…

Q: In its first three years of operations, a company has net income of $2,000; $5,000; and $8,000. It…

A: Retained Earnings balance = Beginning Retained Earnings + Net Income - Dividend Paid

Q: A company has current assets of $608,000 and current liabilities of $245,000. The board of directors…

A: Current ratio: = Current assets ÷ current liabilities   •Current assets : $608,000 •Current…

Q: A company has current assets of $587,000 and current liabilities of $228,000. The board of directors…

A: Step 1: Meaning of current ratioCurrent ratio is the ratio of current assets to current liabilities.…

Q: If a company has $17,000 in liabilities and $2,500 in equity, then what is the amount of its assets?

A: Accounting equation:Assets = Liabilities + Stockholder\'s equityHere, Liabilities = 17000Equity =…

Q: a. b. C. What is the sustainable growth rate for the company? (Do not round Intermediate…

A: The sustainable growth rate measures the greatest rate at which a business may expand its revenue,…

Q: Solve this question

A: Given, Stockholders equity = $416,000 Total liabilities = $208,000 We know that, Stockholders equity…

Q: During the year, Blue Company had revenues of $240,000, expenses of $75,000, and stock issuances of…

A: STATEMENT OF SHAREHOLDERS EQUITYStatement of Shareholders Equity is also Known as Changes in…

Q: what do these results say about the company

A: Return on Assets: This ratio shows how profitable a firm is relative to its assets. It is…

Q: Assume KSHA company's beginning Retained Earnings was $45 and its ending Retained Earnings was $86.…

A: Here in this question, we are require to calculate the revenue that needs to earn during the year.…

Q: A firm paid dividends of $70 this year. Last year, they had $800 in equity. This year, they had $600…

A: Dividend paid = $70Last year equity = $800Current year equity = $600Additions to retained earnings =…

Q: Megan Corporation's net income last year was $123,000. Changes in the company's balance sheet…

A: FREE CASH FLOW  Free cash flow means cash generated from operating activities after the payment of…

Q: A home improvement company had earnings of $7.6 billion during a year it had 1.4 billion shares of…

A: Given Earnings = $7.6 billion No. of shares outstanding = 1.40 billion

Q: A company earned $2.4 billion during 1 year, with 1.03 billion outstanding shares of stock. Find the…

A: Given Earnings =$2.4 billion Outstanding shares of stock =$1.03 billion

Q: If a company has stockholders' equity of $416,000 and total liabilities of $208,000, what is the…

A: Step 1: Step 2: Step 3: Step 4:

Q: (d) A company has current assets of $608,000 and current liabilities of $245,000. The board of…

A: The current ratio measures the organization's ability to meet the short-term liabilities due within…

Q: the firm's reported net income was $77.4 million this year, its retained earnings was $509.4…

A: STATEMENT OF SHAREHOLDERS EQUITY Statement of Shareholders Equity is also Known as Changes in…

Q: The liabilities of a company at the end of the year are $500,000 and the total stockholders' equity…

A: Ratio analysis is a method of measuring the financial position of the organization with different…

Q: If a company has opening equity of $50,000 and closing equity of $80,000, how much from did the…

A: Net income is considered an Excess of revenue over its expenditure during the course of business…

Q: If the beginning balance of retained earnings is $180,000, revenue is $85,000,expenses total…

A: Net income = Revenues - expenses.

Q: the beginning of the year was P650,000. During the year, ABC earned revenues of P4,500,000 and…

A: The Accumulated profits are also known as retained earnings of the business. The dividend is…

Q: A firm had a retained earnings balance of $3 million in the previousyear. In the current year, its…

A: Retained earnings are the accumulated earnings which are retained by the company to use for…

Q: I need help with question is solution

A: Step 1: Given that, Stockholders' equity = $416,000Total Liabilities = $208,000we have to find…

Q: Kuhlman Company uses a preferred dividend that accumulates from year to year until paid. What type…

A: Dividend is the amount of income which is distributed by the company to its shareholders in form of…

Q: amount of Dividends declared during the current period?

A:

Q: Given the information below for ATH Corp., what was the amount of Dividends declared during the…

A: Amount of Dividends declared during the current period = Beginning Retained Earnings + Net Income -…

Q: Please answer the solution

A: To determine the value of a company's total assets when given stockholders' equity and total…

Q: t. What is the cash flow to creditors for that year?

A: Cash Flow to Creditors: It is the profit paid in an accounting period to the holders of debt. It is…

Q: a company had retained earnings of $40,000 at the beginning of the year, net earnings of $50,000,…

A: The dividend is declared to the shareholders from the retained earnings of the business. The net…

Q: A company had dividends payable of $35,000 at 31 December 20X1 and dividends payable of $45,000 at…

A: In case dividend is declared, the company debits Retained Earnings and credits dividend payable…

Q: Golden Company had the following accounts and balances at the end of the year. What are total assets…

A: Total assets refers to the sum of the book values of all assets owned by an individual, company, or…

Q: The net income of​ Hendley, Inc. for the year is $35,000. The dividends declared during the year…

A: Increase (decrease) in Retained Earnings = Net income for the year - Dividends declared during the…

Q: How did you get the 7,500 when you adding the retained earnings?

A: This is the follow-up question which is asked regarding how the 7,500 has been computed which is the…

Q: Hancock Toy Co. had Net Income of $500,000 and paid cash dividends of $200,000 during this year.…

A: Ending equity is calculated using following equation Ending equity for the year = Beginning of the…

Q: If your company earned net profit of $50 million in Round 7 and paid $10 million in dividends,…

A: Increase in net profit will result in Increase in assets of company and Increase in retained…

Q: Galveston Corporation’s ending balance of Retained Earnings increased by $2 million from the…

A: Dividend per share: Dividend per share is calculated for Preferred stock as well as Common Stock.…

Q: If the beginning balance of retained earnings is $180,000, revenue is $85,000, expenses total…

A: Formula: Ending balance of retained earnings = Beginning balance of retained earnings + Net income -…

Q: What is the current ratio after the declaration but before payment? What is the current ratio after…

A: Current Ratio = Current Assets / Current Liabilities Current Assets = $616000 Current Liabilities =…

Q: How do you figure the largest amount of cash dividend a company can pay based on the balance sheet…

A: Balance sheet is the statement of the financial position prepared by the company at the end of the…