40,000 + 50,000 + 175,000 - 25,000 = 240,000
Income Summary
celling tax
yes
Dividends. Income Summary. Retained Earnings. Service Revenue.
Yes, since this account (Retained Earnings) is a credit account and an uppropriate retained earnings account is simply a non-restricted account which is Retained Earnings !!! Even the restricted/ appropriate retained earnings are credited.
Retained earnings, at a high level, represent a component of equity. Some companies keep separate retained earnings balances (e.g., by year), so the beginning balance in any given fiscal year is $0. Many companies; however, use a single balance for retained earnings and add (subtract) recent year earnings (losses) to prior year earnings (losses) to create the next year's beginning balance.
Stock dividends
Income Summary
celling tax
Earnings before interest and depreciation after taxes # I don't believe this person's answer is correct - after a long search I found the following meaning "Earnings Before Interest, Depreciation, Amortisation >And< Tax" #
Land purchase
Earnings per share on common stock are always lower.
The balances in all temporary accounts are transferred to the capital or the retained earnings account, leaving the temporary accounts with zero balances. This procedure is necessary to determine a periodic net income (or loss) and prepare books for the next period.
The top 25 in earnings are given PGA memberships for the following season. Additionally, any player who wins three Nationwide tournaments in one season is promoted to the PGA tour for the remainder of the season. However, if that player is not in the top 25 in earnings at the end of the season they must go to qualifying school to earn a spot on the PGA Tour for the following season.
Net Worth $500 MillionAnnual Earnings According To Forbes Magazine2010 Earnings: $58 million2009 Earnings : $110 million2008 Earnings : $40 million2007 Earnings: $72 million2005 Earnings: $50 million
A. Single and Total weekly earnings $347 and number of allowances 2. b. Single $445 total weekly earnings. A number of allowances is one.c. Marital status is married $482 weekly earnings with three allowances.. d. Single marital status $488 weekly earnings zero number of allowances.e. Marital status is married and $693 total weekly earnings the number of allowances five
which of the following describes the similarity between the retained earning, and common stock account?