subject
Business, 30.09.2019 21:00 hasshh

Comparative statements of retained earnings for renn-dever corporation were reported in its 2018 annual report as follows. renn-dever corporation statements of retained earnings for the years ended december 31, 2018 2017 2016 balance at beginning of year $ 7,060,452 $ 5,733,552 $ 5,904,552 net income (loss) 3,488,700 2,380,900 (171,000 ) deductions: stock dividend (36,500 shares) 255,500 common shares retired (128,000 shares) 256,000 common stock cash dividends 939,950 798,000 0 balance at end of year $ 9,353,702 $ 7,060,452 $ 5,733,552 at december 31, 2015, common shares consisted of the following: common stock, 1,895,000 shares at $1 par $ 1,895,000 paid-in capital—excess of par 7,580,000 required: infer from the reports the events and transactions that affected renn-dever corporation’s retained earnings during 2016, 2017, and 2018. prepare the journal entries that reflect those events and transactions. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 07:40
Alicia has a collision deductible of $500 and a bodily injury liability coverage limit of $50,000. she hits another driver and injures them severely. the case goes to trial and there is a verdict to compensate the injured person for $40,000 how much does she pay?
Answers: 1
question
Business, 22.06.2019 08:10
Exercise 15-7 crawford corporation incurred the following transactions. 1. purchased raw materials on account $53,000. 2. raw materials of $45,200 were requisitioned to the factory. an analysis of the materials requisition slips indicated that $9,400 was classified as indirect materials. 3. factory labor costs incurred were $65,400, of which $50,200 pertained to factory wages payable and $15,200 pertained to employer payroll taxes payable. 4. time tickets indicated that $55,000 was direct labor and $10,400 was indirect labor. 5. manufacturing overhead costs incurred on account were $81,700. 6. depreciation on the company’s office building was $8,100. 7. manufacturing overhead was applied at the rate of 160% of direct labor cost. 8. goods costing $89,400 were completed and transferred to finished goods. 9. finished goods costing $76,000 to manufacture were sold on account for $105,100. journalize the transactions. (credit account titles are automatically indented when amount is entered. do not indent manually.) no. account titles and explanation debit credit (1) (2) (3) (4) (5) (6) (7) (8) (9) (to record the sale) (to record the cost of the sale) click if you would like to show work for this question: open show work
Answers: 1
question
Business, 22.06.2019 18:00
David paid $975,000 for two beachfront lots in coastal south carolina, with the intention of building residential homes on each. two years later, the south carolina legislature passed the beachfront management act, barring any further development of the coast, including david's lots. when david files a complaint to seek compensation for his property, south carolina refuses, pointing to a passage in david's own complaint that states "the beachfront management act [was] properly and validly designed to south carolina's " is south carolina required to compensate david under the takings clause?
Answers: 1
question
Business, 22.06.2019 20:50
Happy foods and general grains both produce similar puffed rice breakfast cereals. for both companies, thecost of producing a box of cereal is 45 cents, and it is not possible for either company to lower their productioncosts any further. how can one company achieve a competitive advantage over the other?
Answers: 1
You know the right answer?
Comparative statements of retained earnings for renn-dever corporation were reported in its 2018 ann...
Questions
question
Mathematics, 05.02.2021 19:40
question
Mathematics, 05.02.2021 19:40
question
Biology, 05.02.2021 19:50
question
Mathematics, 05.02.2021 19:50
question
Arts, 05.02.2021 19:50
question
Mathematics, 05.02.2021 19:50
Questions on the website: 13722360