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In 1995 what company was the first in world to post 1 billion in annual earnings?
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∙ 12y ago
sony
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∙ 12y ago
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Does retained earnings go in the trial balance?
Yes Retained Earnings is entered into the Trial Balance, but not if its the company's first month in operation. WebRep currentVote noRating noWeight
A company purchased an asset for 170000 with a salvage value of 8500 have a useful life of 4 years Find the depreciation epense for the first year using the 150 percent declining balance method?
Annual depreciation is as follows: Annual depreciation = (actual cost - salvage value ) / useful life of asset annual depreciation = 170000 - 8500 / 4 = 40375 Annual depreciation with 150 percentage decline method = 40375 * 1.5 = 60563
How are corporate profits taxed?
Earnings are taxed first as corporate profits, then as personal income after dividends are paid.
What are the proper procedures for a change to the LIFO method of inventory valuation?
Company should adjust its financial statements for each prior period presented. Thus, financial statement info about prior periods will be on the same basis as the new accounting pricipal. It adjusts the carrying amounts of assets and liabilites as of the beginning of the first year presented. It will reflect the cumulative effect on prior periods. Company should also adjust an opening balance of retained earnings or net assets as of the beginning of the first year presented.
Where do you enter Retained Earnings on a Cash Flow Statement?
Retained Earnings does not appear on a cash flow statement; however, the net profit or loss for the period (which gets closed to Retained Earnings) is usually the second item on the cash flow report. Beginning Cash Balance is the first. Then, all the cash changes on the Balance Sheet (such as reduction of debt) and the non-cash items on the Income Statment (such as depreciation) are listed to reconcile to the Ending Cash Balance.
What was the first company in the world to post 1 billion in annual earnings?
General Motors
Worlds first billion dollar corporation?
USX Corporation Celebrates Centennial; The World's First Billion Dollar Company
First Indian it company to reach 1 billion?
Cognizant
Does retained earnings go in the trial balance?
Yes Retained Earnings is entered into the Trial Balance, but not if its the company's first month in operation. WebRep currentVote noRating noWeight
What was the first billion dollar corporation in the U.S.?
Carnegie Steel Company was the first one.
Name of the first billion dollar corporation?
carnegie steel company
What was the first company to earn 1 billion dollars?
General Motors
Who had the first billion dollar company?
Andrew Carnegie with United states steel....
How successful has TJX been?
TJX had a 2002 annual growth rate of 11 percent, and by 2004 TJX's first quarter earnings had increased over 20 percent.
What were Verizon's earnings for first quarter 2001?
what were Verizon's earnings for the first Quarter 2001?
Who was the First black American to own billion dollar company?
nat king cole
What were ray harroun's race earnings for the very first Indy 500 race?
$14000 plus an undisclosed bonus from the Marmon Company
