In its most recent financial statements, ABC reported 28,000 of net income and 361,000 of retained earnings. The retained earnings at the end of the previous year were 353,000. How much in dividends were paid to shareholders during the year? (Show your answer as a positive number, e.g., 12345)

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A: The ownership of the corporation is represented by common stock, which is a sort of investment. The…

Q: In its most recent financial statement, Robredo , Inc. reported  P50,000,000 of net income and…

A: Dividends refer to the distribution of any portion of the profits or any surplus of the company…

Q: A recent annual report for Wilmington, Inc. contained the following information: Retained earnings…

A: Retained earnings represent the earnings accumulated over a period of time.

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A: Earnings per share (EPS): The amount of net income available to each shareholder per common share…

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A: Net income refers to the difference between the revenue and the expenses incurred during a reported…

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A: Ending retained earnings balance = Beginning retained earnings balance - Net loss for the year -…

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

A: Net income: The bottom line of income statement which is the result of excess of earnings from…

Q: If Brown Company’s total assets increased by $28,000 during the year, and its total liabilities…

A: The Accounting equation is as under:Assets (Total) =  Liabilities + Stockholder's equityWhen…

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Q: Angola Corporation reported a net income of $154,000, declared dividends on common stock of $60,000,…

A: Given the following information: Net income: $154,000 Declared dividends on common stock $60,000…

Q: Schaeffer Corporation reports $50 million accumulated other comprehensive income in its balance…

A: Comprehensive income: Comprehensive income represents the amount of net income plus other…

Q: During the current year, the total assets of Mifflinburg Corporation decreased by $60,000 and…

A: Accounting equation reflects the double entry system of accounting in the books of company. It is…

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A: Formula: Ending retained earnings balance = Beginning retained earnings balance + Net income -…

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A: The dividend is paid from the profits earned during the year.

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

Q: Fuentes Corporation reported a net income of $152,000, declared dividends on common stock of…

A: Given the following information: Net income: $152,000 Declared dividends on common stock $50,000…

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: Quartz Corporation had retained earnings balances of $480,000 and $400,000 at the beginning and…

A: Dividends for the Year = Opening Balance of Retained Earnings + Net Profit - Closing Balance of…

Q: KJ Inc. just reported a net income of 800 in its most recent year, and paid a dividend of 260. the…

A: Retained earnings, REt = REt - 1 + NIt - Dt where REt, NIt, Dt refer to retained earning, net income…

Q: Basic Solutions Company reported net earnings of $60,000, declared and paid cash dividends on its…

A: Retained earning balance can be calculated by adding up net income and deducting cash dividends from…

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A: Net income = Dividend Paid + Increase in retain earnings

Q: If Shareholders equity at the beginning of the year was $400,000 and $10,000 was paid to…

A: Shareholder’s equity: Equity shares held by share holders are called shareholders equity. Each share…

Q: The Harbinger Corporation reported net income of $6 million and total assets of $7 million in its…

A: Earnings per share (EPS): The amount of net income available to each shareholder per common share…

Q: The Retained Earnings balance was $64,120 on January 1. Net income for the year was $50,680. If…

A: Ending Retained Earning = Beginning Retained earning + Net Income - Dividends

Q: KJ Inc. just reported a net income of 630 in its most recent year and paid a dividend of 390. If the…

A: Ending Balance of Retained Earnings = Beginning Balance + Net Income - Dividend

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Q: Giga company had the following account balances at the end of its fiscal year. What is its net…

A: Net income of the business can be computed with the help of total sales or receipts where it was…

Q: On January 1, Payson Incorporated had a retained earnings balance of $36,000. During the year,…

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Q: Catalina Corporation begins the year with a $195 balance in Retained Earnings and a $320 balance in…

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

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

Q: In its most recent financial statements, Del-Castillo Inc. reported $70 millionof net income and…

A: net income  = $70 million retained earnings = $900 million   previous year retained earnings =…

Q: How much Net Income did the company earn during the year?

A: Ownership of an organization can be broken down into small parts or units also known as Shares.…

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.

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Q: On January 1, Bonita Corporation's Total Assets were $1,350,000, and Total Liabilities were…

A: Calculate dividends paid during the year.

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A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: The following information is available for Sunland Corporation for the year ended December 31, 2022:…

A: An income statement is one of the financial statements of a company that represents the income and…

Q: As of the end of its accounting period, December 31, Year 1, Great Plains Company has assets of…

A: Answer) Calculation of Net Income earned during Year 2 Capital at the end of Year 2 = Capital at the…

Q: In its most recent financial statements, Nessler Inc. reported $75 million of net income and $825…

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Q: Powell Company began the Year 2 accounting period with $19,000 cash, $60,700 inventory, $48,400…

A: Journal Entries                           Sr.No. Particulars     Debit   Credit…

Q: A company reported net income for fiscal 2016 of $7,215 million, retained earnings at the start of…

A: Retained earning means the an account where all transaction related to profit earned , dividend…

Q: Farmington Corporation began the year with a retained earnings balance of $20,000. The company paid…

A: Introduction: Retained Earnings: Retained Earnings are share holders funds. Part of profit is…

Q: maynard enterprise paid $1,720 in dividends and $1,655 in interest over the past year. the common…

A: Dividend per share refers to the amount of the net income which is paid to the equity shareholders.…