Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. no. 245 i can't understand why the answer is b, no

no. 245 I can't understand why the answer is b, not d USB Analytie,...

60.1K

Verified Solution

Question

Accounting

image

no. 245 I can't understand why the answer is b, not d

USB Analytie, AICPA BB: Industry Sec. AIPA MIPA PO S 244. Van Luther Com total ordinary equity of 8,650,000 at January 1, 2017 and Our w at December 31, 2017. The Company had net income for 2017 of 1.400,000 and paid total dividends of 360,000, including the annual preference dividend of 290,000. Van Luther's return on ordinary shareholders equity for 2017 is a. 10.6% b. 12.0%. C. 11.3%. d. 15.2% S L O: 7, Bloom: AP. Difficulty: Hard, Min: 3, AACSB: Analytie, AICPA BB: Industry/Sector, AICPA FN: Measurement, AICPA PC: Problem Solving IMA: FSA Ans: 250 El Greco Corporation's January 1, 2017 retained earnings balance was 1,950,000. El Greco earned net income for the year 510,000 and paid total dividends of 210,000. The company discovered in early 2017 that depreciation expense had been understated by 50,000 in 2016 financial statements. The December 31, 2017 retained earnings balance 1950 coot 5100- zeca a. 1.740,000. b. 2,200,000. C. 2,250,000 d. 2,300,000 Ans: b, LO: 7, Bloom: AP. Difficulty: Hard, Min: 3. AACSB: Analytic, AICPA BB: Industry/Sector, AICPA FN: Measurement, AICPA PC: Problem Solving IMA: FSA tro, eo

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

In this problem, assume that the distribution of differences is approximately normal. Note: For degrees of...

Statistics
Q

Write the VHDL PROCESS statements for a D flip-flop with synchronous active-LOW clear, synchronous active-LOW preset,...

Electrical Engineering
Q

The internet has lowered the entry barriers for smaller firms that wish to diversify into international markets...

General Management
Q

Beech Corporation is a merchandising company that is preparing a master budget for the third quarter...

Accounting
Q

Which kind of genetic element has repeated DNA with units composed of 2 to 6...

Biology
Q

3. Measures of liquidity, Solvency and Profitability The comparative financial statements of Marshall Inc....

Accounting
Q

Sales mix Jim jones, telies heavly on radio and billboard advertivine but next years aidverteing...

Accounting
Q

Problem 5-1 Presented below is a list of accounts in alphabetical order Accounts Receivable Accumulated...

Accounting
Q

Cost Accounting = How can managers make higher-quality decisions? Give an example of decision...

Accounting
Q

please follow the format. On 1 December 2013, John and Patty Driver formed a corporation...

Accounting
Q

If a portfolio had a return of 17%, the risk-free asset return was 6%, and...

Accounting
Q

ap and tac inturred $206,000 in joint cosrs. ing the weighted averige method, diocate tie...

Accounting