(a) How much was Riverbed Co.'s share of Marin Co's net income for the year?Net income$(b) What was Marin Co's total net income for the year?Total net income $108000Total Dividends $(c) What was Marin Co's total dividends for the year?Dividends $108000270000(d) How much was Riverbed Co.'s share of Marin Co's dividends for the year?43200 Riverbed Co. invested $980,000 in Marin Co. for 25% of its outstanding stock. Marin Co. pays out 40% of net income in dividends eachyear.Use the information in the following T-account for the investment in Marin to answer the following questions.Investment in Marin Co.980,000108,00043,200

Answered: (a) How much was Riverbed Co's share of…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Calculate dividends, if any, declared during the year from the given information: Wallace Corp balance sheet showed assets of P12,600 and liabilities of P6,300 at the beginning of its current fiscal year. During the year, liabilities decreased by P1,300. Net income for the year was P3,100, and net assets at the end of the year were P7,100. There were no changes in paid-in capital during the year.
Based on the earnings per share in the period from 2005 to 2012 indicated in the following table, determine the annual dividend per share in accordance with each of the policies described in items a) to d). Year Earnings per share2012 $ 1.402011 1.562010 1.202009 0.852008 1.052007 0.602006 1.002005 0.44 a) Pay 40% of earnings in all years with positive earnings.b) Pay $ 0.60 per share and increase to $ 0.70 when earnings per share rise above $ 0.90 for two consecutive years.c) Pay $ 0.60 per share except when earnings exceed $ 1.00 per share; in that case, an extraordinary dividend of 70% of earnings would be paid in excess of $ 1.00 per share.d) Combine the policies described in sections b) and c). When the dividend increases (in part b), increase the excess basis of the dividend (in part c) from $ 1.00 to $ 1.10 per share.e) Compare the dividend policies described in items a) to d).
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am.104.
Directions shown in picture attached.
A company reports the following:Net income $185,000Preferred dividends $25,000Shares of common stock outstanding 100,000Market price per share of common stock $20a. Determine the company’s earnings per share on common stock.b. Determine the company’s price-earnings ratio. Round to one decimal place.
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The opening balance of retained earnings for a company was $1328424. During the year it earned a net income of $509389 and shareholders invested an additional $613909 for shares. The ending balance of retained earnings was $1645010. How much did the company pay out in dividends during the year? Select one: a. $192803 b. $0 c. $806712 d. $104520
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(a) How much was Riverbed Co's share of Marin Co's net income for the year? Net income $ (b) What was Marin Co's total net income for the year? Total net income $ 108000 Total Dividends $ 108000 (c) What was Marin Co's total dividends for the year? 270000