Willie Company's retained earnings increased by $20,000 during 2016. What was Willie's 2016 net income or loss, given that Willie declared $25,000 of dividends during 2016? a. Net income was $5,000. b. Net income was $45,000. c. Net loss was $45,000. d. Net loss was $5,000.

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Determine the Retained Earnings balance on December 31, 2015 based on the following: 2014 Revenues:  $1,500,000  2016 Revenues: $1,800,000 Retained Earnings Balance (December 31, 2014): $380,000 2015 Expenses: $1,200,000 Total Liabilities: $285,000 Total Current Asset: $900,000 Dividend rate: 20% of net income. A : $620,000  B : $1,280,000  C : $500,000  D : $860,000

Stosch Company's balance sheet reported assets of $117,000, liabilities of $30,000 and common stock of $27,000 as of December 31, 2015. If Retained Earnings on the December 31, 2016 balance sheet is $78,000 and Stosch paid a $29,000 dividend during 2016, then the amount of net income for 2016 was which of the following? $47,000 $60,000 $29,000 $18,000

Blossom Construction Company earned $474,000 during the year ended June 30, 2017. After paying out $225,794 in dividends, the balance went into retained earnings. If the firm's total retained earnings were $846,060 at the end of fiscal year 2017, what were the retained earnings on its balance sheet on July 1, 2016? Balance of retained earnings, July 1, 2016   $enter balance of retained earnings on July 1, 2016

Asure corp earned $339,000 during the year ended June 30, 2017. After paying out $225,794 in dividends, the balance went into retained earnings. If the firm's total earnings were $842,250 at the end of fiscal year 2017, what were the retained earnings on its balance sheet on July 1,2016?

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Strong construction company earned $439,000 during the year ended June 30, 2017. After paying out $225,794 in dividends, the balance went into retained earnings. If the firm’s total earnings were $842,180 at the end of fiscal year 2017, what were the retained earnings on its balance sheet on July 1 ,2016?

Blossom Company has retained earnings of $ 1,540,000 at January 1, 2017. Net income during 2017 was $ 590,000 and cash dividends declared during the year totaled $ 129,000. Prepare a retained earnings statement for the year ended December 31, 2017. (List items that increase retained earnings fırst.) BLOSSOM COMPANY Retained Earnings Statement V : $ %24 %24 >

Portman Corporation has retained earnings of $675,000 at January 1, 2017. Net income during 2017 was $1,400,000, and a cash dividends declared and paid during 2017 totaled $75,000. Compute the retained earnings statement for the year ended December 30, 2017