The following account balances were taken from the adjusted trial balance of Kendall Company: Revenues$23,900?Operating Expenses 15,500?Dividends 5000?Retained Earnings 17,500?What is the Retained Earnings account balance that will be included on the post-closing trial balance
A. $20,900.
B. $3400.
C. $8400.
D. $25,900.
Answer: A
You might also like to view...
Which of the following are NOT ways risk management can be used to increase the value of a firm?
A. Risk management can help a firm maintain its optimal capital budget. B. Risk management can reduce the expected costs of financial distress. C. Risk management can help firms minimize taxes. D. Risk management can allow managers to defer receipt of their bonuses and thus postpone tax payments. E. Risk management can increase debt capacity.
Johnson & Johnson gave employees sweat suits for attending stress workshops. This is an example of a
A. social reinforcement B. economic reinforcement C. constant reinforcement D. random reinforcement E. negative reinforcement
Goodwill equals the excess paid for a business over the book value of the net assets purchased
Indicate whether the statement is true or false
Carolyn is trying to identify the work performed and the working conditions of a research analyst at Acme Global. Since so much of the work is done inside the analyst’s head, she cannot observe it. She would like to get an account of what the analyst does hour by hour. In this case, the ________ job analysis method would be most appropriate.
A. questionnaire B. interview C. diary D. subject matter expert panel E. departmentalization