
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Transcribed Image Text:Your company declared $13,800 cash dividends on stock. There were $6,400 im
dividends payable at the beginning of the vear and $2,800 at the end of the year. How
much was paid in dividends during the year?
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- Reese Co. pays a cash dividend to its stockholders in the amount of $50,000 the payment on the dividend will causearrow_forwardShould $1,300 dividends be subtracted in the statement of retained earnings?arrow_forward#4 In looking at the ABC Company, you find that they reported net income of They had incurred cost of goods sold in the amount of There were cash dividends paid in the amount of The common shares outstanding at the time were What were the addition to Retained Earnings? $456,897 $102,954 $235,678 $100,000arrow_forward
- OK thank you for explaining dividend declared. Also, which amounts did you add together to get to $86,000?arrow_forwardCurrent assets Long-term assets Total Locust Farming Balance Sheet ($ in millions) $ 42,524 46,832 Current liabilities Long-term debt Other liabilities Equity $ 89,356 Total $ 29,755 27,752 14,317 17,532 $ 89,356 Locust has 657 million shares outstanding with a market price of $83 a share. a. Calculate the company's market value added. b. Calculate the market-to-book ratio. c. How much value has the company created for its shareholders as a percent of shareholders' equity, that is, as a percent of the net capital contributed by shareholders?arrow_forwardThe book value per share of Topaz General Ltd. is $10 per share and the company has a total of 4 million shares. Calculate the total book value of common equity of the company. a. $10 million b.$40 million OC. $400 million Cd. $4 million. e.$100 millionarrow_forward
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