Answer:
the correct answer is finances
Answer:
The retained earnings of Amos company for the year ended 31st December 2017 is $1,016,400.00
Explanation:
In calculating retained earnings for 2017, I began with prior year retained earnings of $866,000,deducted depreciation net of taxes not recorded previously.
After,having adjusted retained earnings for prior year, I added net income for the year 2017 of $216,000
Finally,I deducted dividends paid during 2017 of $25000 to arrive at closing retained earnings for 2017 as shown in the attached.
Answer: $450 profit
The investor exercised the right to buy the stock for 60 and can sell the stock in the market for 68 for an $8 per-share gain.
The gain of 8 minus the premium of 3.50 gives the investor a profit of 4.50
(4.50 Ă— 100 = $450).
