Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. for the year ending december 31, 2020, vaughn inc.

For the year ending December 31, 2020, Vaughn Inc. reports net income $139,000 and cash...

50.1K

Verified Solution

Question

Accounting

For the year ending December 31, 2020, Vaughn Inc. reports net income $139,000 and cash dividends $84,500. Determine the balance in retained earnings at December 31, assuming the balance in retained earnings on January 1, 2020, was $219,500.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

Determine the value at the end of five years of a $6,000 investment (today) in a...

Physics
1.2K views

This is a long question that needs to be fully done on paper, scanned and uploaded....

Electrical Engineering
1.2K views

What are some landmark fires that could have been different is detection/suppression systems were installed or...

Biology
1.2K views

Who campaigned for the Presidency in 1920 on a platform to return America to a...

Physics
1.2K views

A charge Q is uniformly distributed over a large plastic plate The electric field at...

Basic Math
1.2K views

Phyllis went to the mall and saw a massage chair that she would have to...

Basic Math
1.2K views

You are building a new desk for your room and decide to make it triangular...

Calculus
1.2K views

29 40 Determine the infinite limit 29 lim I 31 lim x 33 lim In...

Accounting
1.2K views

1. Precious Stores has the following information available for 2017 when Precious sold 65 units...

Accounting
1.2K views

Elliolt Company produces large quantities of a standardized product. The following information is available for...

Accounting
1.2K views

Select the best description for this journal entry. Customer paid on account within the discount...

Accounting
1.2K views

Please more than 250 words 1-How is a predetermined factory overhead rate calculated? 2-Name...