Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on january 1, james incorporated had a retained ea

On January 1, James Incorporated had a retained earnings balance of $148,000. During the year,...

60.1K

Verified Solution

Question

Accounting

image

On January 1, James Incorporated had a retained earnings balance of $148,000. During the year, James reported net income of $206,000 and paid cash dividends of $65,000. Calculate the retained earnings balance at its December 31 year-end. Multiple Choice $148,000. O O $289,000. $206,000. O O $75,000. O $354,000

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

theme park owner wants to know if the children’s rides are favoring 10 year old girls...

Basic Math
Q

If the water concentration inside a cell is higher than the water concentration outside the...

Biology
Q

How do symbiotic bacteria play a role in keeping us healthy Select 3 correct answer...

Biology
Q

Find dy/dx and dy/dx2, and find the slope and concavity (if possible) at the given...

Basic Math
Q

4 A college president wants to find out which courses students consider to be of...

Statistics
Q

Ivory Company acquired a 25% interest...

Accounting
Q

On March 1, LGE asks to extend its...

Accounting
Q

Zerbe Consulting Inc.s gross salaries for the biweekly period ended August 24 were $15,000. Deductions...

Accounting
Q

Matthew Lake and John Russell, attorneys-at-law, are partners with the firm of Lake Russell \&...

Accounting
Q

From the following data, calculate the retained earnings balance as of December 31, 2016: Total...

Accounting
Q

A. 42.47% B. 38.36% A. 42.47% B. 38.36% A. 42.47% B. 38.36% Performing a vertical...

Accounting
Q

Budgeted Income Statement and Supporting Budgets The budget director of Birding Homes & Feeders Inc.,...

Accounting