Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. whispering winds corp. started the year with $5520

Whispering Winds Corp. started the year with $55200 in its Common Stock account and a...

60.1K

Verified Solution

Question

Accounting

Whispering Winds Corp. started the year with $55200 in its Common Stock account and a credit balance in Retained Earnings of $40500. During the year, the company earned net income of $44200, and declared and paid $18400 of dividends. In addition, the company sold additional common stock amounting to $25800. The amount reported for ending retained earnings on the retained earnings statement would be O $121500. O $147300. O $92100. O $66300.
image
Whispering Winds Corp. started the year with $55200 in its Common Stock account and a credit balance in Retained Earnings of $40500. During the year, the company earned net income of $44200, and declared and paid $18400 of dividends. In addition, the company sold additional common stock amounting to $25800. The amount reported for ending retained earnings on the retained earnings statement would be $121500. $147300. $92100. $66300

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

Operations Management
1.2K views

l want essay about (The similarities and/or differences between conventional learning and online learning).

Physics
1.2K views

In detecting the direction of a sound source, what factors are most important at (a) low...

Accounting
1.2K views

Selected information from the Blake Corporation accounting records for June follows: Materials Inventory BB (6/1) 95,000 467,000 422,000 Work-In-Process Inventory Labor 400,000 EB(6/30) 600,000 Finished Goods Inventory BB...

Physics
1.2K views

20 A ray of light starting from air passes through medium A of refractive index...

Physics
1.2K views

6 If the rod PQ rotates with angular speed about its mid point M and...

Physics
1.2K views

d zero mB c zero mB 17 The work done in moving a dipole from...

Geometry
1.2K views

13 Find the area of a square with apothem a 3 2 cm and perimeter...

Calculus
1.2K views

ep 3 of 4 Graph the given function by indicating how the more basic function...

Calculus
1.2K views

Evaluate the trigonometric function COS

Accounting
1.2K views

[The following information applies to the questions displayed below.] Advanced Company reports the following information...

Accounting
1.2K views

Panda Corporation has four operating divisions. During the first quarter of 2017, the company reported...

Accounting
1.2K views

During March 2017, Toby Tool &Die Company worked on four jobs. A review of direct...