The most predictable element of severance is:

In addition to the three basic financial statements, which of the following is also a required financial statement?

a. The "Cash Budget" b. Statement of Cash Flows c. Statement of Cash Inflows and Outflows d. The "Cash Reconciliation"

On June 30, 2017, Texas, Inc showed the following data on the equity section of their balance sheet

Stockholders' Equity Common Stock, $1 par; 195,000 shares authorized, 149,000 shares issued and outstanding $149,000 Paid-In Capital in Excess of Par-Common $260,000 Retained Earnings 949,000 Total Stockholder's Equity $1,358,000 On July 1, 2017, the company declared and distributed a 11% stock dividend. The market value of the stock at that time was $20 per share. As a result of this stock dividend, what is the balance of Retained Earnings? A) $770,580 B) $951,000 C) $981,780 D) $621,200