Purchase Solution

Solve for missing pieces: Retained earnings and Equity

Not what you're looking for?

Ask Custom Question

Understanding financial relationships

Total Assets 420,000 540,000 325,000
Total Liabilities 215,000 145,000 _____
Paid in capital 75,000 _____ 40,000
Retained earnings _____ 310,000 ______
Net Income _____ 83,000 113,000
Dividends declared and paid in 2010 50,000 19,000 65,000
Retained earnings 75,000 ______ 42,000

Please verify the correct way to figure:
Retained earnings, paid in capital, net income in the table above.

Attachments
Purchase this Solution
Solution Summary

Shows you how to solve for the missing pieces.

Solution provided by:
Carol Sargent, PhD
Education
  • BSc, University of Virginia
  • MSc, University of Virginia
  • PhD, Georgia State University
Recent Feedback
  • "hey just wanted to know if you used 0% for the risk free rate and if you didn't if you could adjust it please and thank you "
  • "Thank, this is more clear to me now."
  • "Awesome job! "
  • "ty"
  • "Great Analysis, thank you so much"
Purchase this Solution
Free BrainMass Quizzes
Motivation

This tests some key elements of major motivation theories.

Lean your Process

This quiz will help you understand the basic concepts of Lean.

Employee Orientation

Test your knowledge of employee orientation with this fun and informative quiz. This quiz is meant for beginner and advanced students as well as professionals already working in the HR field.

Paradigms and Frameworks of Management Research

This quiz evaluates your understanding of the paradigm-based and epistimological frameworks of research. It is intended for advanced students.

Accounting: Statement of Cash flows

This quiz tests your knowledge of the components of the statements of cash flows and the methods used to determine cash flows.

View More Free Quizzes
Related BrainMass Solutions

  • Beth Nail: missing numbers in the illustrated balance sheet

    Click in cells to see how to solve for missing pieces. Your tutorial is in Excel attached. Click in cells to see how to solve for missing pieces.

  • Total Owners' Equity as of December 31, 2012?

    First, you create a mini-balance sheet and solve for the missing piece. Then you create a statement of changes in Retained Earnings. Finally, you create a mini-income statement. Then you have what you need to address the requirements.

  • Accounting Equation

    (b) Prepare the retained earnings statement for Karma Company. Assume that the beginning balance of retained earnings was zero. Please find my response attached in the excel attachment. Please look at the numbers in red.

  • Missing Amounts

    retained earnings $10,000 Net income (e) Dividends 5,000 Ending retained earnings $29,000 Calculate the missing amounts.

  • Missing Amounts

    ) Write a memorandum explaining the sequence for preparing financial statements and the interrelationship of the retained earnings statement to the income statement and the balance sheet.

  • Accounting problems

    Assets = Liabilities + Equity + Retained Earnings 350,000 = 80,000 + 210,000 + Retained Earnings Retained Earnings for Dec. 31, 2008 = 60,000 Net Income for 2009 = Revenues - Expenses = 230,000 - 190,000 = 40,000 Retained Earnings for

  • Accounting Equation

    Excel file contains calculation of missing amounts in table, the amount of retained earnings at end of the period and the amount of revenues for the period.

  • Equity Accounts for Clark Manufacturing

    251642 Equity Accounts for Clark Manufacturing Following are the equity accounts for Clark Manufacturing. Common Stock, $3 Par $ 550,500 Capital Surplus $ 640,000 Retained Earnings $ 3,450,000 Total $ 4,640,500 a.

  • Compute total assets, total liabilities, total equity

    Compute total owners' equity Capital Stock: $1,500 Retained earnings: $3,400 Total Owner's equity: $4900 2-4 The Accounting Equation For the following cases, use the accounting equation to compute the missing quantity.

View More Related Solutions