The unappropriated retained earnings at year-end are
Dreyfuss Corporation reports the following items:
Unappropriated retained earnings, beginning of year: $800,000
Net income: 700,000
Federal income tax refund for last year taken directly to retained earnings: 50,000
Cash dividends paid this year: 500,000
B) $1,050,000.
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Annie Company purchased a computer for $5,000. During 2018 and 2019, the company recorded total depreciation of $4,000 on the computer. On January 1, 2020, the company exchanges the computer for a new one, paying $4,000 cash. The market value of the new computer is $6,000. Prepare the journal entry to record this transaction. Assume the exchange has commercial substance. Omit explanation.
What will be an ideal response?
What is not a key factor when assessing a potential industry?
a. Industry growth b. Government regulations c. Competitors’ activities d. Exit valuation
A limited partnership is made up of which of the following?
a. general partners and limited partners b. general partners and shareholders c. general partners only d. limited partners only
Individual activities and their durations are developed during the ________ phase of the project life cycle
A) planning B) conceptualization C) execution D) termination