At the beginning of the year, Sigma Company's balance sheet reported Total Assets of $222,000 and Total Liabilities of $17,100 and Total Paid-in capital of $68,400. During the year, the company reported total revenues of $259,000 and expenses of $200,500. Also, dividends during the year totaled $54,000. Assuming no other changes to Retained earnings, the balance in the Retained earnings account at the end of the year would be:
Answer: 141000
You might also like to view...
Professional baseball teams in the United States use only wooden bats. If aluminum bats were permitted, the likely result would be a
A. shift in the supply curve for aluminum bats. B. shift in the supply curve for wooden bats. C. change in the quantity supplied of aluminum bats. D. persistent shortage of aluminum bats.
_____ increases with the variability of outcomes and the underlying degree of randomness in the environment that can affect a business relationship
a. The problem of double marginalization b. Asset specificity c. Uncertainty d. Volumetric interdependence
A positive economic statement concerns
a. an opinion on an economic issue that should be taken b. an economic activity that has a positive effect on the economy c. a statement of fact d. a macroeconomic issue or position e. a microeconomic issue or position
When an employer pays the cost of educating a worker, it is likely that the employer
a. is demonstrating altruistic motives. b. is pursuing some objective other than profit-maximization. c. hopes to recapture his investment in the form of increased labor productivity. d. receives reimbursement from the government for the cost of the education.