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What is its ending retained earnings balance

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Reference no: EM132576255

Questions -

Q1 - A liability for dividends exists:

a. On the date of declaration.

b. For dividends in arrears on cumulative preferred stock.

c. On the date of record.

d. On the date of payment.

Q2 - The following selected amounts are available for Vizio Company.

Retained earnings (beginning) $1,600

Net loss 300

Cash dividends declared 400

Stock dividends declared 200

What is its ending retained earnings balance?

a. $1,600

b. $900

c. $1,300

d. $700

Q3 - Sunshine Company had net income of $30,000. The weighted-average common shares outstanding were 8,000. The company declared a $2,900 dividend on its noncumulative preferred stock. There were no other stock transactions. The company's earnings per share is:

a. $3.39

b. $3.75

c. $2.73

d. $3.41

Reference no: EM132576255

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