Financing activities for corporations include borrowing money and selling shares of their own stock. True or False 2) At December 31, 2014 Lowery Company had retained earnings of $2,384,000. During 2014 they issued stock for $98,000, and paid dividends of $34,000. Net income for 2014 was $402,000. The retained earnings balance at the beginning of 2014 was a .$2,752,000 b $2,016,00 c $2,114,000 d $2,654,000 3) Current assets divided by current liabilities is known as the a working capital. b current ratio. c profit margin. d capital structure. 4) Ending retained earnings for a period is equal to beginning a Retained earnings + Net income + Dividends b Retained earnings Net income Dividends c Retained earnings + Net income Dividends d Retained earnings Net income + Dividends 5)The financial statement that summarizes the changes in retained earnings for a specific period of time is the a balance sheet. b income statement. c statement of cash flows. d retained earnings statement.
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