Financing activities for corporations include borrowing money and selling shares

Question

Financing activities for corporations include borrowing money and selling shares of their own stock. True or False 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 $2, 752, 000 $2, 016, 00 $2,114,000 $2, 654, 000 Current assets divided by current liabilities is known as the working capital. current ratio. profit margin. capital structure. Ending retained earnings for a period is equal to beginning Retained earnings + Net income + Dividends Retained earnings - Net income - Dividends Retained earnings + Net income - Dividends Retained earnings - Net income + Dividends The financial statement that summarizes the changes in the retained earnings for a specific period of the time is the balance sheet. income statement. statement of cash flows. retained earnings statement.

Explanation / Answer

true

402000-98000-34000+2384 = 2654000

current ratio

c

d

Related Questions

Navigate

• Browse (All)
• Browse F
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.