The following information related National United :201720182019Net incomeTotal assetsTotal Owners EquityRetained EarningsDividends decaled during the year$1200$1420400004200045000210002200099087010900.0*on Jan.15/ 2017 Company declared and paid the whole balance of retained earningsas cash dividends. But did not declared dividends during 2018. Find the followingamounts:13- Net Income for 201714- Dividends declared during 2019 (

Answer:National United13. Net Income for 2017: $990Explanation:On Jan 15, 2017, the company…

Answered: S? 40000 ity ? ? during the year 1090…

Business

Accounting

S? 40000 ity ? ? during the year 1090 17 Company declared and paic ds. But did not declared divid

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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Question

The following information related National United :
2017
2018
2019
Net income
Total assets
Total Owners Equity
Retained Earnings
Dividends decaled during the year
$1200
$1420
40000
42000
45000
21000
22000
990
870
1090
0.0
*on Jan.15/ 2017 Company declared and paid the whole balance of retained earnings
as cash dividends. But did not declared dividends during 2018. Find the following
amounts:
13- Net Income for 2017
14- Dividends declared during 2019 (

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