Compute the amount of cash dividends actually paid

Assignment Help Accounting Basics
Reference no: EM131773113

Assume that the following amounts are known for Colten Company for the current year: Retained Earnings, beginning balance $346,000; Retained Earnings, ending balance 415,000; Net income 190,000; Fair value of large stock dividend declared 42,000; Dividend Payable, beginning balance 125,00; Dividend Payable, ending balance 138,000.

Required: 1. Assume that the only other amount that affected Retained Earnings during the year was a cash dividend that was declared. Compute the amount of the cash dividend declared during the current year.

2. Compute the amount of cash dividends actually paid in cash to stockholders during the year.

Reference no: EM131773113

Questions Cloud

How improve net profit margin and current ratio : Case: Inventory Valuation - How does Golf Depot's use of FIFO improve its net profit margin and current ratio
Develop a table with given column headings : Under the column "criteria" list each of the criteria that are used in selecting a final model. In the column "rank" specify the order of importance.
Pros and cons of the vertical integration strategies : Which strategy is superior and why? Please show your understanding of a corporate level strategy.
Discuss the cost benefits to cloud computing using examples : Discuss whether or not there are cost benefits to cloud computing using specific examples. Be sure to include at least three reference sources.
Compute the amount of cash dividends actually paid : Compute the amount of cash dividends actually paid in cash to stockholders during the year
Discus the lognormal probability distributions : Use the stability model for a truck as provided in Problem to compute the mean H that you would permit for loading a truck by stacking loads vertically.
What role can the health care manager play in ensuring : Current codes of ethics remind health care practitioners that safety and quality are imperative in health care.
Prepare the journal entry to record the exchange : Prepare the journal entry to record the exchange on Smith's books, assuming the transaction has commercial substance
Discuss a business and for your personal account : What are the items that you most need to adjust for in your personal bank reconciliation. Would you expect to have the same items or different ones

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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