Solving for stockholders equity amounts

Assignment Help Accounting Basics

Reference no: EM13954416

Solving for Stockholders' Equity Amounts

Assume that the following amounts are known for Colten Company for the current year:

Retained Earnings, beginning balance	$210,000
Retained Earnings, ending balance	250,000
Net income	115,000
Fair value of large stock dividend declared	25,000
Dividend Payable, beginning balance	75,000
Dividend Payable, ending balance	80,000

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: EM13954416

Questions Cloud

Qualitative research methods relevant to homeland security : Compare the major approaches to research design and demonstrate an understanding of the principles and processes involved in developing and addressing a specific research question.

Stockholders equity category of jackson company : The Stockholders' Equity category of Jackson Company's balance sheet as of January 1, 2014, appeared as follows: Preferred stock, $100 par, 8%, 2,000 shares issued and outstanding $200,000 Common stock, $10 par, 5,000 shares issued

Understanding of homeland security : How did participating in discussions help your understanding of the subject matter? Is anything still unclear that could be clarified - What approaches could have yielded additional valuable information?

How did miriam fare with her alternative lease arrangement : How did Miriam fare with her alternative lease arrangement? Would she have been better off with a flat $100,000 lease payment?

Solving for stockholders equity amounts : Assume that the following amounts are known for Colten Company for the current year:

The team and the contribution of key members to team purpose : Continue to use the organization you selected for your final project in Week 1. This week, you are being placed on a ten-person virtual team. You are quite excited and want yourself and the team to be very successful.

Convert the table to a probability table by dividing : What is the probability that a person is color blind, given that the person is a male?

Game is thus parameterized by the particular population : The game is thus parameterized by the particular population density ranges that allow organisms to be born or to continue to thrive. Each cell has up to eight neighbors (above, below, left, right, and four diagonals). Thus, if you count the cell as w..

Discuss how diversity impact leadership in homeland security : Describe and discuss how diversity impacts leadership in Homeland Security and Emergency Management - describe and Discuss the hiring process associated with filing entry-level first responder positions.

User Account

All Pages