Homework Answers
The correct answer is "$88,900" calculated as below:
Cash dividends paid = Opening retained earnings + Net income of Year 2 - Closing retained earnings
Cash dividends paid = $591,900 + $196,000 - $699,000
Cash dividends paid = $88,900
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Salah's net income for the year ended December 31, Year 2 was $196,000. Information from Salah's...
Jordan's net income for the year ended December 31, Year 2 was $193,000. Information from Jordan's...
Jordan's net income for the year ended December 31, Year 2 was $193,000. Information from Jordan's comparative balance sheets is given below. Compute the cash received from the sale of its common stock during Year 2. At December 31 Common Stock, $5 par value Paid-in capital in excess of par Retained earnings Year 2 Year 1 4508,083 $457,280 956, ΘB3 B68,200 696, Θed 589,200 Multiple Choice Ο Ο 995,800. Ο $106,800. Ο $13.000 Ο
Bagwell's net income for the year ended December 31, Year 2 was $190,000. Information from Bagwell's...
Bagwell's net income for the year ended December 31, Year 2 was $190,000. Information from Bagwell's comparative balance sheets is given below. Compute the cash received from the sale of its common stock during Year 2. At December 31 Common Stock, $5 par value Paid-in capital in excess of par Retained earnings Year 2 Year 1 $505,000 $454,500 953,000 857,500 693,000 586,500 Multiple Choice $190,000 O O $105,500 O O $50.500 $95.500 O
Salah’s net income for the year ended December 31, Year 2 was $197,000. Information from Salah’s...
Salah’s net income for the year ended December 31, Year 2 was $197,000. Information from Salah’s comparative balance sheets is given below. Compute the cash paid for dividends during Year 2. At December 31 Year 2 Year 1 Common Stock, $5 par value $ 512,000 $ 460,800 Paid-in capital in excess of par 960,000 863,800 Retained earnings 700,000 592,800
The company's net income for the year ended December 31, 2017, was $57,000.
QS 16-9 Computing financing cash flows LO P3The following selected information is from Princeton Company's comparative balance sheets.At December 3120172016Common stock, $10 par value$124,000$118,000Paid-in capital in excess of par585,000351,000Retained earnings331,500305,500The company's net income for the year ended December 31, 2017, was $57,000. 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during 2017.
5 Quiz Help Save & Ext Submit Salah's net income for the year ended December 31,...
5 Quiz Help Save & Ext Submit Salah's net income for the year ended December 31, Year 2 was $201.000. Information from Salah's comparative balance sheets is given below. Compute the cash paid for dividends during Year 2 At December 31 Common Stock, $5 par value Paid-in capital in excess of par Retained earnings Year 2 Year 1 $516,800 $464,400 964,080 867,400 784,800 596,400 Multiple Choice $93.400 ooo 554600 $448.200 < Prev 2 of 20 !!! Next > MacBook Pro
The following selected Information is from Princeton Company's comparative balance sheets. At December 31 Common stock,...
The following selected Information is from Princeton Company's comparative balance sheets. At December 31 Common stock, $10 par value Paid-in capital in excess of par Retained earnings $ 188,800 $ 102,000 569,000 343, eee 315, 5ee 289,5ee The company's net income for the year ended December 31, 2017, was $49,000. 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during 201 Common Stock, S10 Par Beg bal End, bai Paid-in Capital in Excess...
The following information is from Princeton Company's comparative balance sheets. Current At December 31 Prior Year...
The following information is from Princeton Company's comparative balance sheets. Current At December 31 Prior Year Canon stock, $10 par value Paid-in capital in excess of par Retained earnings Year $ 148,800 599.88€ 345,500 $ 132,899 358,000 319.5ee The company's net Income for the current year ended December 31 was $64.000. 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during the current year. Common Stock, $10 Par Beg bal. Issuance of common...
6. Java Company earned net income of $85,000 during the year ended December 31, 2018. On...
6. Java Company earned net income of $85,000 during the year ended December 31, 2018. On December 15, Java declared the annual cash dividend on its 4% preferred stock (par value, $120,000) and a $0.25 per share cash dividend on its common stock (50,000 shares), Java then paid the dividends on January 4, 2019. Read the requirements Requirement 1. Journalize for Java the entry declaring the cash dividends on December 15, 2018. (Record debits first, then credits. Select the explanation...
The following selected information is from Princeton Company's comparative balance sheets. 2015 At December 31 2014...
The following selected information is from Princeton Company's comparative balance sheets. 2015 At December 31 2014 Common stock, $10 par value S 133,000 S 124,000 Paid-in capital in excess of par 591,000 354,000 Retained earnings 337,500 311,500 The company's net income for the year ended December 31, 2015, was $60,000. 1. Complete the below table to calculate the cash received from the sale of its common stock during 2015 Common Stock, $10 Par Beg. bal. End. bal. End. bal. Cash...
The following information is from Princeton Company's comparative balance sheets. At December 31 Common stock, $10 par...
The following information is from Princeton Company's comparative balance sheets. At December 31 Common stock, $10 par value Paid-in capital in excess of par Retained earnings Current Prior Year Year S 127.000 $ 120,000 587,000 352,000 333,500 307,500 The company's net income for the current year ended December 31 was $58,000. 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during the current year. Common Stock, $10 Par Beg. bal. Dividends Dividends End,...
Jordan's net income for the year ended December 31, Year 2 was $193,000. Information from Jordan's comparative balance sheets is given below. Compute the cash received from the sale of its common stock during Year 2. At December 31 Common Stock, $5 par value Paid-in capital in excess of par Retained earnings Year 2 Year 1 4508,083 $457,280 956, ΘB3 B68,200 696, Θed 589,200 Multiple Choice Ο Ο 995,800. Ο $106,800. Ο $13.000 Ο
Bagwell's net income for the year ended December 31, Year 2 was $190,000. Information from Bagwell's comparative balance sheets is given below. Compute the cash received from the sale of its common stock during Year 2. At December 31 Common Stock, $5 par value Paid-in capital in excess of par Retained earnings Year 2 Year 1 $505,000 $454,500 953,000 857,500 693,000 586,500 Multiple Choice $190,000 O O $105,500 O O $50.500 $95.500 O
QS 16-9 Computing financing cash flows LO P3The following selected information is from Princeton Company's comparative balance sheets.At December 3120172016Common stock, $10 par value$124,000$118,000Paid-in capital in excess of par585,000351,000Retained earnings331,500305,500The company's net income for the year ended December 31, 2017, was $57,000. 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during 2017.
5 Quiz Help Save & Ext Submit Salah's net income for the year ended December 31, Year 2 was $201.000. Information from Salah's comparative balance sheets is given below. Compute the cash paid for dividends during Year 2 At December 31 Common Stock, $5 par value Paid-in capital in excess of par Retained earnings Year 2 Year 1 $516,800 $464,400 964,080 867,400 784,800 596,400 Multiple Choice $93.400 ooo 554600 $448.200 < Prev 2 of 20 !!! Next > MacBook Pro
The following selected Information is from Princeton Company's comparative balance sheets. At December 31 Common stock, $10 par value Paid-in capital in excess of par Retained earnings $ 188,800 $ 102,000 569,000 343, eee 315, 5ee 289,5ee The company's net income for the year ended December 31, 2017, was $49,000. 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during 201 Common Stock, S10 Par Beg bal End, bai Paid-in Capital in Excess...
The following information is from Princeton Company's comparative balance sheets. Current At December 31 Prior Year Canon stock, $10 par value Paid-in capital in excess of par Retained earnings Year $ 148,800 599.88€ 345,500 $ 132,899 358,000 319.5ee The company's net Income for the current year ended December 31 was $64.000. 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during the current year. Common Stock, $10 Par Beg bal. Issuance of common...
6. Java Company earned net income of $85,000 during the year ended December 31, 2018. On December 15, Java declared the annual cash dividend on its 4% preferred stock (par value, $120,000) and a $0.25 per share cash dividend on its common stock (50,000 shares), Java then paid the dividends on January 4, 2019. Read the requirements Requirement 1. Journalize for Java the entry declaring the cash dividends on December 15, 2018. (Record debits first, then credits. Select the explanation...
The following selected information is from Princeton Company's comparative balance sheets. 2015 At December 31 2014 Common stock, $10 par value S 133,000 S 124,000 Paid-in capital in excess of par 591,000 354,000 Retained earnings 337,500 311,500 The company's net income for the year ended December 31, 2015, was $60,000. 1. Complete the below table to calculate the cash received from the sale of its common stock during 2015 Common Stock, $10 Par Beg. bal. End. bal. End. bal. Cash...
The following information is from Princeton Company's comparative balance sheets. At December 31 Common stock, $10 par value Paid-in capital in excess of par Retained earnings Current Prior Year Year S 127.000 $ 120,000 587,000 352,000 333,500 307,500 The company's net income for the current year ended December 31 was $58,000. 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during the current year. Common Stock, $10 Par Beg. bal. Dividends Dividends End,...
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