subject
Business, 06.07.2021 23:20 rosieposie27

Wendell Company provided the following pertaining to its recent year of operation: • Common stock with a $10,000 par value was sold for $46,000 cash. • Cash dividends totaling $21,400 were declared, of which $16,400 were paid. • Net income was $66,000. • A 5% stock dividend resulted in a distribution of common stock with a par value of $5,000 and a market value of $24,400 • Treasury stock costing $10,400 was sold for $8,400. How much did Wendell's retained earnings increase during the recent year of operation?

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 06:40
Depreciation on the company's equipment for 2017 is computed to be $18,000.the prepaid insurance account had a $6,000 debit balance at december 31, 2017, before adjusting for the costs of any expired coverage. an analysis of the company's insurance policies showed that $1,100 of unexpired insurance coverage remains.the office supplies account had a $700 debit balance on december 31, 2016; and $3,480 of office supplies were purchased during the year. the december 31, 2017, physical count showed $300 of supplies available.two-thirds of the work related to $15,000 of cash received in advance was performed this period.the prepaid insurance account had a $6,800 debit balance at december 31, 2017, before adjusting for the costs of any expired coverage. an analysis of insurance policies showed that $5,800 of coverage had expired.wage expenses of $3,200 have been incurred but are not paid as of december 31, 2017.
Answers: 3
question
Business, 22.06.2019 07:00
Imagine you own an established startup with growing profits. you are looking for funding to greatly expand company operations. what method of financing would be best for you?
Answers: 2
question
Business, 22.06.2019 11:30
11.     before adding cream to a simmering soup, you need to a. simmer the cream. b. chill the cream. c. strain the cream through cheesecloth. d. allow the cream reach room temperature. student d   incorrect which answer is right?
Answers: 2
question
Business, 22.06.2019 13:20
Suppose your rich uncle gave you $50,000, which you plan to use for graduate school. you will make the investment now, you expect to earn an annual return of 6%, and you will make 4 equal annual withdrawals, beginning 1 year from today. under these conditions, how large would each withdrawal be so there would be no funds remaining in the account after the 4th withdraw?
Answers: 3
You know the right answer?
Wendell Company provided the following pertaining to its recent year of operation: • Common stock wi...
Questions
question
Mathematics, 15.10.2019 08:10
question
English, 15.10.2019 08:10
Questions on the website: 13722367