Lee Corporation Equity Scenario Income B-4 Taxes Tax Expense (40%) Net Income 240‚000 96‚000 144‚000 NOTE: adjustments to error corrections are always after tax (AT). JE’s needed: DR Retained Earnings Accumulated Depreciation 15‚000 15‚000 CR Retained Earnings Inventory 21‚000 21‚000 Dividends (Retained Earnings) Cash Dividends Payable 100‚000 75‚000 25‚000 Lee Corporation Retained Earnings Statement for the year ended December 31‚ 2007 January 1‚ as reported Correction for depreciation
Premium United States dollar Currency Dollar
Owner’s Equity Why is it important to keep paid-in capital separate from earned capital? Paid-in capital and earned capital are forms of capital that is shown in the shareholders’ part of the balance sheet. Paid-in capital is also known as the capital that is contributed and that are initially issued shares provided by the investors. Earned capital is the earnings that have accumulated since a company has stared. There are different aspects that require the separation of these two‚ some of which
Premium Stock Security
(Declaration of Independence‚1776) This quote is symbolic of the expressed opinions and ideology of the founding fathers of America. History‚ especially the history of the American educational system‚ paints a contradictory portrait. Idealistic visions of equity and cultural integration are constantly bantered about; however‚ they are rarely implemented and materialized. All men are indeed created equal‚ but not all men are treated equally. For years‚ educators and society as a whole have performed a great
Premium Education
services to the customers. They provide a regular training program to all of their employees in order to satisfy their customers. Staff training and development classes are available to all employees. Facilities Petronas also has improve their performance by providing extra facilities. They provides automated teller machine (ATM) and cash deposit machine (CDM) by CIMB. This is easier for the customers that want to use the machine and at the same time want to fill the fuels. Customer services Petronas
Premium Customer service Customer Sales
In The Article “Why Literature Matters‚”Diana Gioia‚ a writer for the New York Times‚ discusses her concerns about a society that is becoming less and less interested in the written word. Gioia skillfully fortifies her argument by citing a study which examines public participation in the arts‚ a survey on worker skill deficiencies‚ and by detailing the potential ramifications of a society filled with non readers. To begin to persuade the reader‚ Gioia cites a population study done in 2002. This
Premium Writing Literature Psychology
outlook on certain topics where most of these networking sites contain other teens. A popular movement triggered by the fateful shooting of Mike Brown‚ in August 2014 changed the way young teens thought‚ especially young teens of color. The Black Lives Matter movement suggests that black citizens‚ as well as citizens of color should be brought to the same standard as white U.S. citizens in society‚ and in court. These opinions of the youth are often portrayed in social media platforms such as Twitter and
Premium Mass media Advertising Sociology
we may be involved in a crime intentionally sometimes. When we download songs online and share them to others‚ we are violating the Digital Millennium Copyright Act. This will surely cause a lot of troubles for us. Fortunately‚ with the aid of privacy‚ we can hide our transgressions and get rid of the trouble. Not only can privacy help us hide something bad‚ but it can also help us hide something secret. In the article “Why Privacy Matters Even If You Have Nothing To Hide‚” Daniel J. Solove shares
Premium Government Surveillance Privacy
Owners Equity Paper Ubaldo Reyes university of phoenix Intermediate Financial Accounting III ACC/423 Donald Autrey June 28‚ 2013 Owners Equity Paper Before investors invest in a company‚ they must take various items into consideration. First‚ both paid in capital and earned capital are looked at. These items tell investors how well the company is doing and if the company is profitable. Next‚ investors look at earnings‚ basic and diluted. Once an investor takes the above into consideration
Premium Finance Stock Investment
(3 parts) Part 1‚ January 2004 • Order # 26-01 FILE: CAREER/SUCCESS TECHNIQUES ® Creating a Dynamic Balance of Work‚ Family‚ Time and Money LIFE MATTERS THE SUMMARY IN BRIEF Everybody is concerned about work/life balance‚ but few understand that time and money are as important to life balance as work and family. Each area matters‚ and focusing on one without considering the others is ultimately unfulfilling because they are so closely interrelated. Even the term “balance” implies a one-time
Premium Time management Time Paisley Park Records
SUMMARY Dell is one of the 5 star rated PC companies that received a lot of compliment for its products and customer service. Among of them are Dave‚ who is one of the Dell customer support saying that he dealt in the past with the customer service for his laptop replacement that was actually perfect. Bapman007‚ the another viewer made his comment by told them that he never face any problem with service after he brought lots of PC’s from Dell for his business purpose and also helped
Premium Customer service Personal computer Technical support