Bartlett Industries began operations on January 2, 2015, with an investment of $50,000 by each of its two stockholders. Net income for its first year of business was $240,000 . Bartlett Industries paid a total of $100,000 in dividends to its stockholders during the year. Read the information about Bartlett Industries. What is the company's retained earnings balance at December 31, 2015?
a. $140,000
b. $190,000
c. $240,000
d. $340,000
a
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Which of the following would not be shown on the statement of retained earnings?
a. declaration of a cash dividend b. declaration of a stock dividend c. an appropriation for plant expansion d. the purchase of treasury stock
The Fifth Amendment's protection against self-incrimination applies to all records including all those that the government requires to be kept
a. True b. False Indicate whether the statement is true or false
A) long-term securities issued by government agencies or corporations B) par value or the amount returned to the investor at maturity C) bonds that can be converted into stock D) annualized return on a bond if held to maturity
41) bonds 42) yield to maturity 43) face value 44) convertible What will be an ideal response?
Pretty Paintings Gallery takes inventory semiannually. Beginning inventory for the year was $755,000 . Inventory at the end of the first six months was $780,000 . Ending inventory for the year was $695,000 . Compute the average inventory for Pretty Paintings Gallery