27. The shareholders' equity section of Ball Company's comparative balance sheets for the years ended December 31, 2021 and 2020, reported the following data: Common stock, $1 par per share Paid-in capital excess of par Retained earnings ($ in millions) 2021 A. $28 million $ 61 2 34 8 62 8 2020 $ 60 0 30 0 60 0 During 2021, Ball declared and paid cash dividends of $90 million. The company also declared and issued a small stock dividend. No other changes occurred in sha outstanding during 2021. What was Ball's net income for 2021?
27. The shareholders' equity section of Ball Company's comparative balance sheets for the years ended December 31, 2021 and 2020, reported the following data: Common stock, $1 par per share Paid-in capital excess of par Retained earnings ($ in millions) 2021 A. $28 million $ 61 2 34 8 62 8 2020 $ 60 0 30 0 60 0 During 2021, Ball declared and paid cash dividends of $90 million. The company also declared and issued a small stock dividend. No other changes occurred in sha outstanding during 2021. What was Ball's net income for 2021?
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 79E: Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the...
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