Cash dividends of $30,000 were declared during the year.  Cash dividends payable were $17,000 at the beginning of the year and $12,000 at the end of the year.  The amount of cash for the payment of dividends during the year is: A: $47,000 B: $17,000 C: $35,000 D: $12,000

Q: If total assets increased by $500,000 during a period and total liabilities increased by $420,000…

A: The higher increase in total assets against the total liabilities implies that business is…

Q: Catena's Marketing Company has the following adjusted trial balance at the end of the current year.…

A: Total assets are the all type of resources being held by the business. Asset turnover is one of the…

Q: The assets and liabilities of Thompson Computer Services at March 31, the end of the current year,…

A: Net Income = Total revenue - Total expenses Retained earnings , ending balance = Retained earnings…

Q: beginning of the year total owner’s equity for a company was P400,000.  During the year, the company…

A: Solution: Ending owner's equity = beginning + issue proceeds + net income - cash dividends = 400000…

Q: 24.-Cash dividends of $75,356 were declared during the year. Cash dividends payable were $11,814 at…

A: Definition: Dividends: Distribution of company profits to the share holders on their investments is…

Q: The board of directors declared cash dividends totaling $118,100 during the current year. The…

A: Formula: Cash payments during the year = Dividends beginning of the year + Declared dividends during…

Q: The board of directors declared cash dividends totaling $585,000 during the current year. The…

A: Workings: Calculate the amount of increase or decrease in dividends payable.

Q: Cash dividends of $88,319 were declared during the year. Cash dividends payable were $9,765 at the…

A: Cash dividends paid = Beginning cash dividends + Dividends declared - Ending cash dividends

Q: The board of directors declared cash dividends total $336,000 during the year. The comparative…

A: Dividends Dividend is one of the important criteria for the investors which receives the pay back…

Q: Liabilities and Stockholdors' Equity Accounts payable... Wages payable... Income tax payable Bonds…

A: A cash flow statement is a statement that shows all the inflows and outflows of cash and cash…

Q: The December 31, Year 4, balance sheet for Deen Company showed total stockholders' equity of…

A: Common stock: These are the shares issued by a company to an outsider. These shares entitle a share…

Q: During the year, Lady Liberty Corporation's treasury stock increased $50,000 from a cash purchase of…

A: Given the following information: Lady Liberty Corporation's treasury stock increased $50,000 from a…

Q: The board of directors of Kendall Co. declared cash dividends totaling $390,000 during the current…

A: Cash Dividend :- Dividend pay by company out of earning in the form of cash to shareholders.

Q: The assets and liabilities of Thompson Computer Services at March 31, the end of the current year,…

A: The net income will be Revenues minus all expenses

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A: The accounting equation shows a company's balance of total assets is equal to the sum of the…

Q: uperior has provided the following information for its recent year of operation: The common stock…

A: Change in retained earnings=Year end balance-Beginning balance=$91,000-$70,000=$21,000

Q: 1. Below is activity for A Company during the year.   Sold Equipment for $65,000.   Purchased…

A: The cash flow statement is prepared to find the net cash flow in or out of the business.

Q: At December 31, Marker reported the following items: cash, $8,200; inventory, $3,700; accounts…

A: Shareholder’s equity can be defined as the residual claim of the owner of the corporation on assets…

Q: At the beginning of the current fiscal year, the balance sheet of Hughey Inc. showed stockholders'…

A: Step 1: Beginning Liabilities = Ending Liabilities - Changes  Beginning Liabilities = $221,000 -…

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A: Stockholders' equity represents the amount of funds remaining with the entity after payment of all…

Q: As of December 31, Year 1, Moss Company had total cash of $160,000, notes payable of $86,000, and…

A: The accounting equation states that assets equals to sum of liabilities and shareholders equity.

Q: On January 1, Payson Inc. had a retained earnings balance of $20,000. During the year, Payson…

A: Ending Retained earnings balance = Beginning Retained earnings balance + Net Income - Dividend paid

Q: For the year , movers United has net income of $31,800 , net new equity of $7,500 , and an…

A: The amount of dividend paid can be calculated from the retained earnings added.

Q: The year-end financial statements of Calloway Company contained the following elements and…

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Q: The following selected transactions occur during the first year of operations. Determine how each…

A: Cash flow statement is a statement which provides details of all cash inflows and outflows of the…

Q: The board of directors declared cash dividends totaling $229,400 during the current year. The…

A: The dividend is declared to the shareholders from the retained earnings of the business.

Q: Mazaya Company began the year with equity of R.O.217,000. During the year, Mazaya issued ordinary…

A: Since multiple questions are posted only first will be answered. If any particular question needs to…

Q: Your company declared $13,800 cash dividen dividends payable at the beginning of the year and $2,800…

A: Beginning dividends payable = $6,400 Cash dividends declared = $13,800 Ending dividends payable =…

Q: Determining Cash Payments to Stockholders The board of directors declared cash dividends totaling…

A: Formulas: Cash paid = Opening balance + Dividend declared - Closing balance

Q: A company had dividends payable of $35,000 at 31 December 20X1 and dividends payable of $45,000 at…

A: In case dividend is declared, the company debits Retained Earnings and credits dividend payable…

Q: The following is a summary of the transactions for the year: a. Sales of services, $100,000, of…

A: A journal entry is prepared by the company to record the non-economic & economic transactions of…

Q: The accountant for Sysco Company is preparing the company's statement of cash flows for the fiscal…

A: Amount of cash outflow on account of cash payment on dividend is recorded in Cash Flow Statement.…

Q: At the beginning of the year, Quasar Company's liabilities equal $57,000. During the year, assets…

A:

Q: During the year, ChemClean Corporation has $280,000 in revenues, $130,000 in expenses,and $10,000 in…

A: Definition: Net income: The bottom line of an income statement which is the result of excess…

Q: At the beginning of the year, Treasures Company's Balance Sheet reported the following balances: •…

A: Given that, Common stock at the beginning of the year = $10000 Total revenues for the year = $226000…

Q: Zahid's cafe net income of $1280. During the year the company sold  $50 worth of common stock and…

A: Though the net income is part of retained earnings which belong to stockholder's ultimately but it…

Q: Determining Cash Paid to Stockholders The board of directors declared cash dividends totaling…

A: Cash paid to stockholders = Begining balance + Dividend - Closing balance at theend of year

Q: Cash dividends of $80,340 were declared during the year. Cash dividends payable were $9,932 at the…

A: Cash dividend: The amount of cash provided by a corporation out of its distributable profits to its…

Q: Cash dividends of $77,023 were declared during the year. Cash dividends payable were $10,060 and…

A: Cash dividend:   The amount of cash provided by a company out of its distributable profits as a…

Q: The year-end financial statements of Calloway Company contained the following elements and…

A: We know that as per the accounting equation, total assets are equal to the addition of total…

Q: The amount of liabilities reported on the end-of-period balance sheet

A: Common stock + Liabilities +Ending Retained earnings = Total Assets Hence, Liabilities = Total…

Q: The assets and liabilities of Thompson Computer Services at March 31, the end of the current year,…

A: Common Stock , Ending balance = Common stock , beginning balance + Issued common stock Retained…

Q: At the beginning of the current year, Callifax Corporationhad dividends payable of $1,500,000.…

A: Cash dividends paid during this year = Beginning dividends payable + cash dividends declared -…

Q: Cash dividends of $80,000 were declared during the year. Cash dividends payable were $25,000 at the…

A: Dividend paid during the year is based on the change in dividend payable and dividend declared. The…

Q: What was the amount of cash payments to stockholders during the year?

A: Statement of cash flows: It is one of the financial statement that shows the cash and cash…

Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.