The Following Selected Amounts Are Available for Thomas Company What Is Its Ending Retained Earnings Balance?
A)$3,200

question 161

Multiple Choice

The following selected amounts are available for Thomas Company. $\begin{array}{lr}\text { Retained earnings (beginning) } & \$ 3,500 \\\text { Net loss } & 200 \\\text { Cash dividends declared } & 200 \\\text { Stock dividends declared } & 200\end{array}$ What is its ending Retained Earnings balance?

• A)$3,200.
• B)$3,300.
• C)$2,900.
• D)$3,100.

Be able to journalize bond transactions including issuance, interest payment, amortization of discount/premium, and redemption.

Calculate the total interest expense over the life of a bond and understand the factors affecting it.

Understand and apply the concept of times interest earned ratio in evaluating a company’s ability to meet its interest obligations.

Grasp the effects of bond issuance at values different from face value on financial statements and transactions.