An accountant has extracted the following information related to the company: The accountants estimate of ending retained
Question:
An accountant has extracted the following information related to the company:
The accountant’s estimate of ending retained earnings would be:
A. €25 million
B. €95 million
C. €5 million
Transcribed Image Text:
Assets Liabilities Contributed Capital €150 million €100 million €45 million
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (3 reviews)
C is correct Assets must equal the liabil...View the full answer
Answered By
Charles mwangi
I am a postgraduate in chemistry (Industrial chemistry with management),with writing experience for more than 3 years.I have specialized in content development,questions,term papers and assignments.Majoring in chemistry,information science,management,human resource management,accounting,business law,marketing,psychology,excl expert ,education and engineering.I have tutored in other different platforms where my DNA includes three key aspects i.e,quality papers,timely and free from any academic malpractices.I frequently engage clients in each and every step to ensure quality service delivery.This is to ensure sustainability of the tutoring aspects as well as the credibility of the platform.
4.30+
2+ Reviews
10+ Question Solved
Related Book For
Accounting For Financial Instruments A Guide To Valuation And Risk Management
ISBN: 9781138237599
1st Edition
Authors: Emanuel Camilleri, Roxanne Camilleri
Question Posted:
Students also viewed these Business questions
-
An accountant has extracted the following information regarding a company of interest: The accountants forecast of total assets at year-end would be: A. 158 million B. 250 million C. 150 million...
-
The following information related to Caterpillar's inventories is taken from its 2015 annual report. Use this information in answering the questions that follow. There were no LIFO liquidations in...
-
Diamond Offshore Drilling, Inc. (DOD), is an international company that provides contract drilling services to the energy industry. In its 2015 Form 10-K, it reports the following information related...
-
i. Find a. b. ii. Use the trapezium rule with 2 intervals to estimate the value of giving your answer correct to 2 decimal places. +6 e2x + 6 e2 dx,
-
Assume that you have been asked to place a value on the ownership position in Briarwood Hospital. Its projected profit and loss statements and retention requirements are shown below (in millions):...
-
For the confidence intervals of Exercise, a histogram of the data looks like this: Check the assumptions and conditions for your inference. 5 10 8642 sauces no pequnN
-
Koala Ltd is an Australian company that receives management consulting services from Spin Incorporated. On 15 June 2023, Koala Ltd received an invoice from Spin Incorporated amounting to US\($4\)...
-
Olaf lives in the state of Minnesota. A tornado hit the area and damaged his home and automobile. Applicable information is as follows: Because of the extensive damage caused by the tornado, the...
-
All work must be shown on every facet of the solution. This includes a timeline with cashflows, timing and rates clearly laid out and formulas (in pure form, not in the calculator or excel form). A...
-
The financial accountant anticipates that the company will have assets of 25,000 at year-end and liabilities of 18,500. The accountants forecast of total owners equity should be about: A. 43,500 B....
-
Amortisation is specifically associated with: A. Debt instruments B. Equity instruments C. Discounted value of equity instruments D. Equity and debt instruments
-
True or false: During the Great Recession, the Fed increased the availability of loans by opening a facility that loaned money directly to individual consumers. Explain your answer.
-
Discuss this view taking into account the alternative international strategies available to organizations. This question relates to lecture topic 6 on International Strategy Choices and requires to:...
-
How would Stephanies decisions concerning conducting stock transactions be affected if she were 35 years old? If she were 50 years old? What are stock exchanges? How do they facilitate the trading of...
-
1. Find your future job by researching careers online. Your must pick a career that includes some time of job training, certification, or schooling. Write a 1- 2 page report about your career choice...
-
A magnetic dipole is at the origin of the coordinate system. The x- and the y-axis are horizontal, and the z-axis is vertical. The magnitude of the magnetic dipole is 3.57 Am 2 , and it points...
-
Guidelines for Building Motivation Using Weinberg and Gould's (2011) list of useful guidelines for building motivation below provide an example of how you would implement each guideline. You may use...
-
For each of the following users of financial accounting information and managerial accounting information, specify whether the user would primarily use financial accounting information, managerial...
-
The figure shows a bolted lap joint that uses SAE grade 8 bolts. The members are made of cold-drawn AISI 1040 steel. Find the safe tensile shear load F that can be applied to this connection if the...
-
In no more than three PowerPoint slides, list some general guidelines that a taxpayer can use to determine whether it has an obligation to file an income tax return with a particular state. (Include...
-
Fallow Corporation is subject to tax only in State X. Fallow generated the following income and deductions. State income taxes are not deductible for X income tax purposes. Sales...
-
Dillman Corporation has nexus in States A and B. Dillmans activities for the year are summarized below. Determine the apportionment factors for A and B assuming that A uses a three-factor...
-
When representing a 1:1 relationship in a relational database design, OA the key of both tables must be the same B. the table, that represents the relationship, gets the key from both relations OC....
-
Please help explain relational algebra expressions, thank you! 1. (4 points) Using the relations defined below, generate a relational algebra expression for the following queries. Hotel (hotel No,...
-
a. What is a decision boundary in two-class classification problems? b. For a dataset with 3 features [x1, x2, x3], for a linear classifier with w=[0.3, -0.1, 7.0] and b=2, what is the formula for...
Study smarter with the SolutionInn App