What are the three classifications of restrictions of retained earnings, and how are such restrictions normally reported on the financial statements?

Q: How are restrictions of retained earnings reported?

A:

Q: What are the effect of unclassified accounts in the financial statements to the stakeholders

A: The record is one among the four basic money statements firms prepare every accounting cycle. The…

Q: A company's additions to retained earnings is determined by which  two items?

A: Retained earnings refer to the surplus amount that is left over after making payments of dividends…

Q: Which of the following events or transactions has NO effect on retained earnings? a. Net income. b.…

A: The correct answer is Option (c).

Q: Which of the following regarding retained earnings is false?a. Retained earnings is increased by net…

A: Answer:   Option c

Q: What are the four types of gains and losses not included in income statements in comprehensive…

A:

Q: How are changes in accounting policies accounted for and disclosed?

A: Accounting policy: These are basically the rules, conventions and principles that are applied by the…

Q: Identify which of the following items are not included as part of general-purpose financial…

A:

Q: What does the statement of retained earnings show?

A: Retained earnings: Retained earnings are that portion of profits which are earned by a company but…

Q: Define Non-GAAP Earnings.

A: Generally Accepted Accounting Principles (GAAP): These are the guidelines necessary to create…

Q: Which of the four basic accounting reports indicates thatit is appropriate to consider revenues and…

A: Four basic accounting reports are: Income Statement Balance Sheet Cash flow Statement Statement of…

Q: How much is the consolidated retained earnings?

A:

Q: on which date is retained earnings decreased and liabilities increased?

A: Dividend will have a declaration date, record date and payment date. On declaration date dividend is…

Q: What major items are included in the Retained Earnings Statement?

A: Retained earnings statement  is financial statements that states firm income after every payment.…

Q: Explain retained earnings

A: Answer: The company’s profit generating operations produce retained earnings. These are the total…

Q: balance in the Retained earnings

A: Retained earning is the sum of holding in a company that have left after paying all direct and…

Q: 2. Explain the distinction between permanent and temporary earnings as it relates to the concept of…

A: Earnings quality refers to the ability of reported earnings to estimate a company future earnings.…

Q: What is “comprehensive income”? Its composition varies from company to company but may include which…

A: Comprehensive income: The total of net income and other comprehensive income (OCI) is referred to as…

Q: When do the corporations also report their retained earnings?

A: When do the corporations also report their retained earnings?

Q: TOTAL RETAINED EARNINGS

A: Retained earnings is a part of shareholder's equity. It represents the amount of profits kept with…

Q: Identify and explain the different types of retained earnings appropriations.

A: Retained earnings is the amount of earnings accumulated over the period of time. This is an…

Q: A. What amount should be reported as basic earnings per share? B. What amount should be reported as…

A: Given, Net income is P11,000,000 Outstanding shares issued on Jan 2 is 1,500,000 On Jan 3 entered…

Q: Which one or more of the following is a company obliged to disclose when preparing financial…

A: Disclosures in the Financial Statements of the company :          The purpose of the financial…

Q: What are the four sections of the codification?What is the codification number that addresses…

A: Step 1 Hello. Since your question has multiple parts, we will solve first question for you. If you…

Q: Identify which of the following items are not included as part of general-purpose financial…

A:

Q: Prepare the statement of retained earnings for the current moi

A: Retained earnings are the accumulated profits of the company reduced by the dividends paid.…

Q: The type of account and normal balance of retained earnings is  stockholders equity, credit…

A: A company generally does not distribute all its earning amongst shareholders as dividend. A portion…

Q: The difference between the carrying amount of a financial liability extinguished and the…

A: Liability means the amount which is to be paid to an outsider by business.

Q: How to journalize retained earnings and dividends?

A: The transactions which the company involved into are to be entered in the primary book called…

Q: What is meant by the terms elements and items as theyrelate to the income statement? Why might items…

A:

Q: Any gain or loss on the restatement of non-monetary items is included: In the profit or loss,…

A:

Q: 2. The change in retained earnings is affected by which of the following?

A: Retained Earnings :  it is treated as liability in the Balance sheet. it comes under the head…

Q: what are the similarities between paid-in-capital and retained earnings

A: The answer is as fallows

Q: Explain how earnings per share should be computed and how the information should be disclosed in the…

A: Earnings per share: Earnings per share represent the amount of income earned per share of…

Q: What does the statement of a retained earnings report?

A: Statement of retained earnings: This is a financial statement that shows the amount of net income…

Q: The cumulative effects of other comprehensive income items are included in retained earnings on the…

A: Other comprehensive income is the income which includes the unrealized losses and gains. This income…

Q: Prepare the statement of retained earnings with the information attached.

A: Net Income= Income statement Cr balance  - Income statement Dr balance =4,089,385 - 3,839,997…

Q: of Retained Earnings,

A: Retained earnings represent the earnings of the company accumulated over a period of time. The…

Q: Describe restrictions on retained earnings.

A: Definition:   Retained earnings: Retained earnings refer to the net income of the corporation that…

Q: retained earnings is accurately described by all except which of the following statements?

A: The dividends which are declared are deducted from the earnings which are retained. When the…

Q: Define earnings per share (EPS). For which income statement items must EPS be disclosed?

A: Earnings: The term earnings refer to the amount of money the company had earned during a particular…

Q: What is the value to be filled in Retained earnings. Prepare income statement , Balance sheet.

A: Formula: Net income = Total Revenues - Total expenses