If there are no beginning retained earnings, net income of $23,400, and ending retained earnings of $7,500, how much are dividends? a. $15,900 b. $7,500 c. $30,900 d. $27,100
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- Given the following Balance Sheet and Income Statement information Balance Sheet $1,338,185 Total Liabilities: $549,219 Total Assets: Income Statement Earnings Before Income Tax: $211,636 Income Tax Expense: What is the Return on Equity? $42.7177. What amount of consolidated retained earnings will be reported? A.P 295,000 C. P 232,000B. P 268,000 D. P 205,0008. What amount of stockholders; equity will be reported?A. P 355,000 C. P 419,500B. P 397,000Assume that as of January 1, 20Y8, Sylvester Con- suiting has total assets of $500,000 and total assets of $150,000. As of December 31, 20Y8, Sylvester has total liabilities of $200,000 and total stockholders’ equity of $400,000. (a) What was Sylvester’s stockholders’ equity as of January 1, 20Y8? (b) Assume that Sylvester did not pay any dividends during 20Y8. What was the amount of net income for 20Y8?
- If equity equals $100,000, which of the following is true? A. Assets exceed liabilities by $100,000. B. Liabilities exceed equity by $100,000. C. . D. None of the above is true.Given the information below for ATH Corp., what was the amount of Dividends declared during the current period? Beginning Retained Earnings = $150,000. Increase in Cash = $40,000. Ending Retained Earnings = $250,000. Issuance of Common Stock = $50,000. Net Income = $250,000. Select one: a. $150,000 b. $60,000 c. $90,000 d. $200,000 e. $110,000Assume that you are a consultant to Morton Inc., and you have been provided with the following data: D0 - $1.4: PO - $36; and g - 4.8% (constant). What is the cost of equity from retained earnings based on the DCF approach? OO Ⓒ948% 8.88% Go htt
- Assume you are given the following relationships for the Haslam Corporation: Sales/total assets 1.9 Return on assets (ROA) 3% Return on equity (ROE) 5% Calculate Haslam's profit margin and liabilities-to-assets ratio. Do not round intermediate calculations. Round your answers to two decimal places. Profit margin: % Liabilities-to-assets ratio: % Suppose half of its liabilities are in the form of debt. Calculate the debt-to-assets ratio. Do not round intermediate calculations. Round your answer to two decimal places.On 30 April 20X2, Marc Company purchased 4,800 shares of Spencer Ltd. for $29 per share plus $480 in commission. In 20X2, the company received a $0.80 per share dividend, and the shares had a fair value of $24 per share at the end of the year. In 20X3, the dividend was $1.60 per share, and the fair value was $33 per share at the end of the year. In 20X4, the shares were sold for $32 per share less a $600 commission. Required: 1. Show the amounts and accounts that would be reported in earnings and the statement of financial position for 20X2, 20X3, and 20X4 if the company uses the: (Negative amounts should be indicated by minus sign.) a. Cost method. Earnings Dividend revenue Fees and commissions Gain on sale Statement of financial position Investment OCI: Holding gain/(loss) S S $ 20x2 20X3 3,849 $ 7,680 0 $ 0 S 0 0 0 $ 139,680 $ 139,680 $ 0 $ S $ 20X4 0 0 14,520 X 0 04. For the year ended December 31, the following results were given:Dividend Paid Net IncomeParent Company P15,000 P30,200Subsidiary Company 4,000 9,400The investment balance on December 31:A. P 0 C. P 122,160B. P 120,600 D. P 125,4605. Using the same information in No. 5, compute the Dividend Income for the year:A. P 0 C. P 4,000B. P 3,600 D. P 8,4006. Using the same information in No. 5, the non-controlling interest in net income on December 31:A. P 0 C. P 610B. P 540 D. P 940
