1) Financing activities for corporations include borrowing money and selling sha

Question

1) Financing activities for corporations include borrowing money and selling shares of their own stock. True or False 2) At December 31, 2014 Lowery Company had retained earnings of $2,384,000. During 2014 they issued stock for $98,000, and paid dividends of $34,000. Net income for 2014 was $402,000. The retained earnings balance at the beginning of 2014 was a .$2,752,000 b $2,016,00 c $2,114,000 d $2,654,000 3) Current assets divided by current liabilities is known as the a working capital. b current ratio. c profit margin. d capital structure. 4) Ending retained earnings for a period is equal to beginning a Retained earnings + Net income + Dividends b Retained earnings

Explanation / Answer

1) True

2) 2384000 = 402000-34000+RE

RE = 2384000-368000

RE = 2016000

3) current ratio

4)

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