Homework Answers
Answer1. Firms Shareholder's Equity is differene between thee Company's assets and liabilities.
It is the residual claim of the owners after debts and other liabilities have been paid.
Formula: Stockholders Equity = Total Assets-Total Liabilities
With this we conclude that Statement 2. "Equity is the difference between company's assets
and liabilities" in the question is right.
Answer2. Option B. $64,25000 is the dividend payout for the year.
Explanation: Whatever a company earns as profits/Net Income can either be distributed back to its
shareholders or can be retained back into the buiness for new and profitable investments.
Formula and Working:
Dividend Paid= Net income (-) Retained Earnings for the year
Dividend paid= Net Income (-) {Curr. year Ret Earnings balance (-) Prev.Year Ret Earnings balance}
Dividend paid= 7400000 (-) {6500000 (-) 5525000}
= 7400000 (-) 975000
= $6425000
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