The smaller the company, the greater the need to retain ____________________ to help the company grow.
Fill in the blank(s) with the appropriate word(s).
earnings
You might also like to view...
New customers will be hard to find, once a market reaches ________
A) the rapid growth stage B) the early growth stage C) its lowest market potential D) its tipping point E) saturation
The aggregate of all the elements, sharing some common set of characteristics, that comprises the universe for the purpose of the marketing problem is the ________
A) population B) sampling frame C) element D) census
How will the declaration and distribution of a 10 percent stock dividend affect the issuing corporation's balance of retained earnings and total stockholders' equity, respectively?
a. Decrease and no effect b. No effect and no effect c. Decrease and decrease d. No effect and decrease
On January 1, 2017, Cale Corp. paid $1,020,000 to acquire Kaltop Co. Kaltop maintained separate incorporation. Cale used the equity method to account for the investment. The following information is available for Kaltop's assets, liabilities, and stockholders' equity accounts on January 1, 2017: BookValuesFairValuesCurrent assets$120,000 $120,000 Land 72,000 192,000 Building (twenty year life) 240,000 268,000 Equipment (ten year life) 540,000 516,000 Current liabilities 24,000 24,000 Long-term liabilities 120,000 210,000 Common stock 228,000 Additional paid-in capital 384,000 Retained earnings 216,000 ??Kaltop earned net income for 2017 of $126,000 and paid dividends of $48,000 during the year. ?At the end of 2017, the
consolidation entry to eliminate Cale's accrual of Kaltop's earnings would include a credit to Investment in Kaltop Co. for: A. $127,000. B. $0. C. $76,400. D. $124,400. E. $126,000.