Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the third company: preparing the list of retained

The third company: Preparing the list of retained earnings for the company from the data...

90.2K

Verified Solution

Question

Accounting

The third company: Preparing the list of retained earnings for the company from the data provided below?

If you know that the balance of the retained earnings for the first period for Al-Rafidain General Trading Company on January 1, 2018 was (100,000 one hundred thousand dinars), the net profit during the year 2018 was 60,000 dinars, and the profits distributed during the year 2018 were 30,000 dinars, at a ratio of 1: 2 between the distributions of preference shares Ordinary shares.

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

For each problem, find the valuesc that satisfy Rolle's Theorem 5. y=x^2+4x+5 [-3,-1] 6. y=x^3-2x^2-x-1 [-1,2] 7. -x^3+2x^2+x-6 [-1,2] 8....

Basic Math
Q

Random sample of size n=19 is taken from a Normal population, sample mean is 11.5895, standard...

Basic Math
Q

An application of Kirchhoff s Rules to the circuit shown results in the following system...

Physics
Q

Plot the points in the grid below x axis for the First Quiz y axis...

Statistics
Q

Evaluate the integral 59 sec 460 de

Calculus
Q

After completing a return using a tax software program, you review the return and...

Accounting
Q

On the Statement of Cash Flow, which set of circumstances below is considered a source...

Accounting
Q

Smith-Kline Company maintains inventory records at selling prices as well as at cost. For 2021,...

Accounting
Q

Jeanie Wong, a biochemistry professor, organized Biogentech company early this year. The firm will manufacture...

Accounting
Q

Fixed Overhead Variances Petra Company uses standard costs for cost control and internal reporting. Fixed...

Accounting
Q

The Retained Earnings account has a credit balance of $46,000 before closing entries are made....

Accounting
Q

1. Which part of the accounting equation receives a credit when earning fees for services?...

Finance