Rick's Internet Corporation's balance in Retained Earnings is $30,000. The board of directors directs that $15,000 be appropriated for future business expansion. This will cause total retained earnings to
A. increase by $15,000.
B. increase or decrease $5,000, as determined by the board.
C. decrease by $15,000.
D. remain at $30,000.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Rick's Internet Corporation's balance in Retained Earnings is $30,000. The board of directors directs that $15,000 be appropriated for ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Refer to the following distribution: Cost of Textbooks Frequency $25 up to 35 2 35 up to 45 5 45 up to 55 7 55 up to 65 20 65 up to 75 16 What is the relative class frequency for the $25 up to $35 class?
Answers (1)
On Jan. 2, Callie Taylor invests $40,000 into the business in exchange for common stock. She journalize the transaction as follows but something is wrong with the journal entry.
Answers (1)
To settle the dispute, you need to ensure that both owners understand the primary differences between consumer transactions and business transactions.
Answers (1)
Evaluate its ability to finance expansion from internally generated cash. Thus far, Amazon has avoided purchasing large warehouses. Instead, it has used those of others.
Answers (1)
What are you required to do when you want to use a discount membership to save money?
Answers (1)
New Questions in Business
The following December 31, 2016 fiscal year end account balance information is available for the Stonebridge Corporation: Cash and cash equivalents $5,000 Accounts receivable (net) 20,000 Inventories 60,000 Property, plant and equipment (net)
Answers (1)
Han Corp's sales last year were $440,000, and its year-end receivables were $52,500. The firm sells on terms that call for customers to pay 30 days after the purchase, but some delay payment beyond Day 30.
Answers (1)
During May 2020, a company spend $14,000 on ordinary maintenance of its delivery trucks. These maintenance costs should have been recorded as debits to 'Maintenance Expense' but the company mistakenly capitalized these costs instead.
Answers (1)
Greyon spinning Mills Inc. owns 600 spinning machines out of these, only 500 are used in a given year. Given this information, the utilization of spinning machines at Greyon Spinning Mills Inc. is ___. A. 1 B. 0.83 C. 1.2 D. 0.75
Answers (1)
The firm that allows customers to select from a variety of standard options to create the service or product of their choice is practicing Group of answer choices none of the above. postponement. channel assembly. mass customization.
Answers (1)