Solution-Information from bagwell comparative balance sheets

Information from bagwell comparative balance sheets

Reference no: EM131412502

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 paid for dividends during Year 2.

At December 31	Year 2		Year 1
Common Stock, $5 par value	$	505,000	$	454,500
Paid-in capital in excess of par		953,000		857,500
Retained earnings		693,000		586,500

a) $146,000

b) $83,500

c) $95,500

d) $50,500

e) $106,500

Reference no: EM131412502

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Information from bagwell comparative balance sheets

Reference no: EM131412502

Reference no: EM131412502

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