On 12/31/2020, Heaton Industries Inc. reported retained earnings of $575,000 on its balance sheet, and it reported that it had $172,500 of net income during the year. On its previous balance sheet, at 12/31/2019, the company had reported $555,000 of retained earnings. No shares were repurchased during 2020. How much in dividends did Heaton pay during 2020? Select the correct answer.   a. $152,443     b. $152,328     c. $152,500     d. $152,385     e. $152,270

The balance in retained earnings on January 1, 2010, for Plaza Inc., was $575,000. During the year, the corporation paid cash dividends of $60,000 and distributed a stock dividend of $15,000. In addition, the company determined that it had overstated its depreciation expense in prior years by $40,000. Net income for 2018 was $110,000.     Prepare the retained earnings statement for 2018.

Concord Corporation has retained earnings of $713,600 at January 1, 2025. Net income during 2025 was $1,675,300, and cash dividends declared and paid during 2025 totaled $78,500. Prepare a retained earnings statement for the year ended December 31, 2025. (List items that increase retained earnings first.) : CONCORD CORPORATION Retained Earnings Statement < $ $

On January 1, 2022, Pharoah Corporation had retained earnings of $546,000. During the year, Pharoah had the following selected transactions. 1. 2. 3. 4. Declared and paid cash dividends $126,000. Corrected overstatement of 2021 net income because of inventory error $43,000. Earned net income $348,000. Declared and paid stock dividends $63,000. Determine the retained earnings balance at the end of the year. Retained earnings $

Origami Inc. reported the following items on its financial statements for the year ended December 31, 2020: Sales                                                  $780,000 Selling and general expenses            20,000 Dividends                                                5,000 Cost of sales                                       700,000 Other expenses                                   15,000 Income tax expense                           12,500 What amount will be reported as retained earnings on the December 31, 2020 balance sheet, assuming this is the first year of operations? Select one: a. Cannot be determined from the information provided b. $22,500 c. $42,500 d. $27,500

The balance sheet of Zinc Industries, a producer of zinc, showed retained earnings of $37,000 on its January 31, 2020 balance sheet. On its January 31, 2021 balance sheet, retained earnings was $40,000. Zinc Industries reported net income for the year ended January 31, 2021, of $25,000. How much dividend did Zinc Industries declare and pay during the year ended January 31, 2021? Select one: a. $28,000 b. $22,000 c. $25,000 d. $32,000 e. $15,000

The retained earnings of Volga plc at 1 March 2020 were £450,550. The retained earnings at 28 Febuary 2021 were £875,000. The pofit for the year is £581,450. What was the total dividend paid by Volga plc during the year?

. Moody Instruments had retained earnings of $300,000 at December 31, 2017. Netincome for 2018 totaled $200,000, and dividends declared for 2018 were $55,000. How muchretained earnings should Moody report at December 31, 2018?a. $500,000b. $445,000c. $300,000d. $355,000

Lowell reports retained earnings at the end of fiscal 2019 of $41115 and retained earnings at the end of fiscal 2018 of $35180. The company reported dividends of $5026. How much net income did the firm report in fiscal 2019? (Round your answer to zero decimal places and omit the "$" sign. Add a minus sign if needed. For example, if your answer is $1,000.2, type in "1000") 1

Brooks Sporting Inc. is prepared to report the following 2019 income statement (shown in thousands of dollars). Sales $12,900 Operating costs including depreciation 9,804 EBIT $3,096 Interest 264 EBT $2,832 Taxes (25%) 708 Net income $2,124 Prior to reporting this income statement, the company wants to determine its annual dividend. The company has 330,000 shares of common stock outstanding, and its stock trades at $41 per share. The company had a 25% dividend payout ratio in 2018. If Brooks wants to maintain this payout ratio in 2019, what will be its per-share dividend in 2019? Do not round intermediate calculations. Round your answer to the nearest cent.$     If the company maintains this 25% payout ratio, what will be the current dividend yield on the company's stock? Do not round intermediate calculations. Round your answer to two decimal places.  %   The company reported net income of $1.95 million in 2018. Assume that the number of shares outstanding…