MGAB01H3 Chapter Notes - Chapter 1: Corus Entertainment, Retained Earnings, Payroll Tax

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13 Apr 2016
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Net earnings disregarding income taxes for september is 41400. E1-6: net earnings: 14760, shareholders" equity : 71200, total revenues: 88980 , total liabilities: 28870, net loss: -7170, shareholders" equity: 28000. D)total expenses: 36910 , total assets: 96570: net earnings: 6120 , total assets: 105100. Retained earnings = net earningd for 2014 - dividends fpr 2014. + net earnings for 2015 - dividends for 2015. = 31000 - 14200 + 42 000 -18700. Thus the only way to accurately depict that is to report them as an expense: interest is not an asset and it can"t be considered a liability because it isn"t exactly paying for any assets. Cash paid to purchase property, plant and equip. Cash paid to sell propety, plant and equip. 46000: william needs to be able to monitor his businesses progress, thus it is impertive that he continues to produce.

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