82. The following information was taken from the records of Hart Corporation for the month ended December 31, 2009: Advertising expense $20,625 Income tax expense 13,095 Accounts payable 13,450 Dividends paid 14,125 Retained earnings (12/1/09) 57,860 Consulting fees revenue 97,875 Rent expense 11,728 Supplies expense 16,917 Given the above information, retained earnings as of December 31, 2009 is A. $79,045 B. $79,245 C. $55,795 D. $33,895 83. During the Meridian Company had the following cash transactions: Cash collected from customers $12,500 Cash received from a loan 8,000 Cash paid for wages payable (5,750) Cash paid for the purchase of a building (15,000) Cash received for the issuance of new shares of 2,600 Cash received from sale of land 6,400 Cash paid for rent (2,500) Cash paid for dividends (1,500) Given the above information, compute cash flow from investing activities. A. $4,250 B. ($4,250) C. ($8,600) D. $8,600 84. The financial statement that reports resources the obligations to transfer resources to other organizations, and the claims by the entity's owners is known as the A. Income statement B. Statement of retained earnings C. Balance sheet D. Statement of cash flows 85. The following information was taken from the records of Merle Corporation for the period ending December 31, 2009: Advertising expense $1,200
82. The following information was taken from the records of Hart Corporation for the month ended December 31, 2009: Advertising expense $20,625 Income tax expense 13,095 Accounts payable 13,450 Dividends paid 14,125 Retained earnings (12/1/09) 57,860 Consulting fees revenue 97,875 Rent expense 11,728 Supplies expense 16,917 Given the above information, retained earnings as of December 31, 2009 is A. $79,045 B. $79,245 C. $55,795 D. $33,895 83. During the Meridian Company had the following cash transactions: Cash collected from customers $12,500 Cash received from a loan 8,000 Cash paid for wages payable (5,750) Cash paid for the purchase of a building (15,000) Cash received for the issuance of new shares of 2,600 Cash received from sale of land 6,400 Cash paid for rent (2,500) Cash paid for dividends (1,500) Given the above information, compute cash flow from investing activities. A. $4,250 B. ($4,250) C. ($8,600) D. $8,600 84. The financial statement that reports resources the obligations to transfer resources to other organizations, and the claims by the entity's owners is known as the A. Income statement B. Statement of retained earnings C. Balance sheet D. Statement of cash flows 85. The following information was taken from the records of Merle Corporation for the period ending December 31, 2009: Advertising expense $1,200