Your company just bought a new distillation unit for $175,000 to be used for research and development. such equipment has a 3-year macrs classification. the macrs percentages are 33.33 percent, 44.44 percent, 14.82 percent, and 7.41 percent, respectively. what is the book value of the distillation unit at the end of year 2? a) $12,968.00b) $38,902.50c) $49,833.50d) $77,770.00e) $116,673.50

After all revenue and expense accounts have been closed at the end of the fiscal year, income summary has a debit of $2,450,000 and a credit of $3,000,000. at the same date, retained earnings has a credit balance of $8,222,600, and dividends has a balance of $125,000. required: a. journalize the entries required to complete the closing of the accounts on december 31. refer to the chart of accounts for exact wording of account titles. b. determine the amount of retained earnings at the end of the period.

Randall's, inc. has 20,000 shares of stock outstanding with a par value of $1.00 per share. the market value is $12 per share. the balance sheet shows $42,000 in the capital in excess of par account, $20,000 in the common stock account, and $50,500 in the retained earnings account. the firm just announced a 5 percent (small) stock dividend. what will the balance in the retained earnings account be after the dividend?

Serious question, which is preferred in a business? pp or poopoo?