Amount of cash payments to stockholders

Assignment Help Accounting Basics
Reference no: EM13124928

The board of directors declared cash dividends totaling $152,000 during the current year. The comparative balance sheet indicates dividends payable of $42,000 at the beginning of the year and $38,000 at the end of the year.

What was the amount of cash payments to stockholders during the year?

Reference no: EM13124928

Questions Cloud

Employing the incremental method : Prepare the journal entry to record Fogelberg's transaction, under the following conditions. (Round answers to 0 decimal places, e.g. $38,487. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit ac..
Create linear program to find number of hours : Formulate a linear program that can be used to determine the number of hours each graphic designer should be assigned to the project in order to minimize total cost. What is the total cost?
Systems of linear equations with three variables : Please solve for x, y & z using the process of elimination method (non matrix method)
What should be the balance of the discount : What should be the balance of the Discount on Notes Payable account on the books of Jefrey at January 1, 2005 after the first payment is made, assuming that the effective interest method is used?
Amount of cash payments to stockholders : What was the amount of cash payments to stockholders during the year?
Illustrate what is the optimal solution to this problem : One would like to minimize the weekly payroll (one can assume that each employee works 8 hours per day). Illustrate what is the optimal solution to this problem?
What volume (in cm3) would be occupied by osmium : Osmium has a density of 22.6 g/cm3. What volume (in cm3) would be occupied by a 21.8 g sample of osmium?
Linear systems of equations using cramer rule : I need assistance in solving the following linear system for x using Cramer's rule and must show the work:
What is the amount of the loss on impairment : What is the amount of the loss on impairment that Beehive should recognize at June 30, 2006?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Determining the number of units of product

The company's net income for the year was $9,600 higher under variable costing than it was under absorption costing. Given these facts, the number of units of product in the beginning inventory last year must have been:

  Financial statement analysis

he gross profit on the sale of a pair of shoes is 39%,if expenses are 25% of the selling price and the cost price is $17.95, what is the selling price and the gross profit in dollars?

  Realized gain on transaction

Alvin owned a building located in Kansas that he rented to a local business-Alvin built a new building at a cost of $400,000. What is Alvin’s realized gain (loss) on this transaction?

  Accounting reporting criteria

Compare and contrast the accounting reporting criteria-including regulatory environment, issues with foreign currency, differences in GAAP, and any others-of a U.S. company with a foreign company.

  Determine the cost ratio

Determine the cost ratio (retail method) for T games and comics store if the cost of goods available for sale is $36,000 and the retail value of goods available for sale is $90,000

  Standard by using traditional costing

Overhead applied to Standard using traditional costing using direct labor hours is

  Summary of asset treatment in business

Write a summary of asset treatment in a business. Examine the aspects of acquisition, depreciation, revising periodic depreciation, expenditures during useful life, and the three different means of disposal.

  Kinnion medical clinic has budgeted the cash flows

Kinnion Medical Clinic has budgeted the following cash flows, Kinnion Medical had a cash balance of $8,000 on January 1. The company desires to maintain a cash cushion of $5,000. Funds are assumed to be borrowed, in increments of $1,000,

  Inventory purchases budget

Prepare an inventory purchase budget using the sales manager's estimate. Prepare an inventory purchases budget using the marketing consultants estimate.

  What does it mean to audit around the computer

How might the senior audit manager or partner on a particular engagement determine how much cost is acceptable to incur in order to test a particular area? Can you think of any lower cost alternatives?

  Generating theories of accounting

In generating theories of accounting based upon what accountants actually do, it is assumed (often implicitly) that what is done by the majority of accountants is the most appropriate practice.

  Payment alternatives for the use of space

The company will purchase the carpets from a local distributor for $350 each, with the privilege of returning any unsold units for a full refund. Jerry's club has offered Color Rugs two payment alternatives for the use of space.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd