find dividends paid to common stockholders d

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Use the following information to find dividends paid to common stockholders during 2021. (Enter your answers in millions of dollars.)
Balance of retained earnings, December 31, 2020
Plus: Net income for 2021
Less: Cash dividends paid
Preferred stock
Common stock
Total cash dividends paid
Balance of retained earnings, December 31, 2021
(in millions of dollars)
$
$
1
$
466
25
480
Transcribed Image Text:Use the following information to find dividends paid to common stockholders during 2021. (Enter your answers in millions of dollars.) Balance of retained earnings, December 31, 2020 Plus: Net income for 2021 Less: Cash dividends paid Preferred stock Common stock Total cash dividends paid Balance of retained earnings, December 31, 2021 (in millions of dollars) $ $ 1 $ 466 25 480
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