MC Qu. 148 The accountant for Huckleberry... The accountant for Huckleberry Company is preparing the...
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Accounting
MC Qu. 148 The accountant for Huckleberry...
The accountant for Huckleberry Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available:
| Retained earnings balance at the beginning of the year | $ | 163,000 |
| Cash dividends declared for the year | 50,800 | |
| Net income for the year | 98,000 | |
What is the ending balance for retained earnings?
Multiple Choice
$261,000.
$14,200.
$210,200.
$282,000.
$112,200.
MC Qu. 139 A company reported that its...
A company reported that its bonds with a par value of $50,000 and a carrying value of $63,500 are retired for $67,800 cash, resulting in a loss of $4,300. The amount to be reported under cash flows from financing activities is:
Multiple Choice
$(67,800).
$(13,500).
$(63,500).
$13,500.
$(4,300).
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