The following information is available for the Higgins Travel Agency. After closing entries are posted, what will be the balance in the Retained earnings account? Net Income$42,500Retained earnings 130,000Dividends 12,000
A. $160,500.
B. $130,000.
C. $184,500.
D. $99,500.
E. $75,500.
Answer: A
You might also like to view...
Why is giving an employee a rating preferred to a ranking?
What will be an ideal response?
In the EOQ model, the order quantity Q arrives?
a. Every Q days b. Every Q/d days c. Every d/Q days d. Every d days
The theory that exchange rates must adjust so that there is no reason for funds to flow from one country just to take advantage of better returns in another is part of:
A) Purchasing power parity B) Purchasing power arbitrage C) Interest rate parity D) Interest rate arbitrage
Pursuing international expansion through ________ exhibits the most risk and is the most expensive due to the high level of foreign investment required.
A. exporting and importing B. wholly owned foreign subsidiaries C. licensing D. franchising E. joint ventures