Journal entry for the year of the change: January 1,2016
Retained Earnings-Prior Period Adj. $51,000
Cumulative effect of the change: $20,000 (2014)+ $31,000 (2015)= $51,000
Definitions:
Rate Of Return
Accumulation or reduction in the investment value over a chosen interval, denoted as a percentage of the investment's root cost.
Outstanding Shares
The total number of shares of stock that are currently owned by investors, including restricted shares owned by the company’s officers and insiders.
Annual Dividend
The total dividend payment a company distributes to its shareholders annually, representing a share of the profits.
Q6: If a pension plan is overfunded,it means
Q27: Betta Group just completed its second year
Q32: In 1973,the following private-sector body was organized
Q45: Standard setters are required to provide basic
Q72: Refer to Superbyte Corporation.<br>What is the interest
Q76: A company with convertible bonds outstanding will
Q130: What are the primary effects of amortizing
Q138: Norman Corporation owns an investment that it
Q220: Retrospective changes require all but which of
Q382: The lease multiplier developed by credit rating