CourseLover

(12)

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About CourseLover

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Architecture and Design,Art & Design,Biology,Business & Finance,Calculus,Chemistry,Engineering,Health & Medical,HR Management,Law,Marketing,Math,Physics,Psychology,Programming,Science Hide all
Teaching Since: May 2017
Last Sign in: 283 Weeks Ago, 3 Days Ago
Questions Answered: 27237
Tutorials Posted: 27372

Education

  • MCS,MBA(IT), Pursuing PHD
    Devry University
    Sep-2004 - Aug-2010

Experience

  • Assistant Financial Analyst
    NatSteel Holdings Pte Ltd
    Aug-2007 - Jul-2017

Category > Business & Finance Posted 08 Dec 2017 My Price 10.00

Revenue Expense Dividends

  1. A firm began operations on January 1, 2021, with contributed capital of $50,000.

 

Revenue Expense Dividends

2021 $425,000 $225,600 $ 45,100

2022 $572,000 $354,100 $ 73,400

What was Retained Earnings at the end of each of the years?

2021

  1. a) $154,300
  2. b) $199,400
  3. c) $204,300
  4. d) $199,400
  5. e) $154,300

 

2022 $144,500 $144,500 $348,800 $217,900 $298,800 

 

 

I do not understand how the retained earnings calculation for 2022 is retrieved. For 2021, it is 425,000 - (225,600+45,100), but there is something I am missing for the second year and I cannot figure it out.

Answers

CourseLover
(12)
Status NEW Posted 08 Dec 2017 09:12 AM My Price 10.00

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