Keria Corp

question 37

Essay

Keria Corp.prepared the following random list of assets,liabilities,revenues,and expenses from its December 31,2017,accounting records.The beginning retained earnings as of January 1,2014,was $43,100 and the owner,Keria Staple,received dividends of $14,600 during the year.Prepare the balance sheet for Keria Corp.as of December 31,2017.

---

Definitions:

Strategic Alliances

Partnerships between two or more companies to pursue a set of agreed upon objectives while remaining independent organizations.

Intellectual Property

Legal rights related to creations of the mind, such as inventions, literary and artistic works, symbols, names, and images.

Organizational Success

The achievement of the goals and objectives set by an organization, typically measured by various performance indicators.

Total Cost Of Ownership

An accounting framework that considers all the direct and indirect costs associated with acquiring and using a product or system over its entire life cycle.