Given the Following Information About a Corporation's Current Year Activities

question 218

Essay

Given the following information about a corporation's current year activities, compute the retained earnings for the current year.
$$\begin{array} { l | l } \text { Retained earnings, January 1 } & \$ 342,000 \\\hline \text { Cash dividends } & \$ 51,700 \\\hline \text { Stock dividends } & \$ 40,000 \\\hline \text { Net income } & \$ 141,000\end{array}$$

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Definitions:

Forecasting

The process of making predictions of future events or trends based on analysis of past and present data.

Scanning

The act of analyzing the internal and external environments of an organization to identify trends, opportunities, and threats.

Managed Electronically

The process of organizing, controlling, or conducting operations using digital technology and electronic devices.

Environmental Scan

An analysis method that examines the internal and external environments of an organization to identify opportunities and threats.