Parrish 1-3 #3I need the equation to solve how to find the amount of Dividends declaredRevenue for 2028 $5000Dividends delcared in 2028 is UnkownExpneses for 2028 $4000RE 1/1 $8000RE 12/31 $3000Please specific and detailed any tell why and how you are arriving at the answer for the missing amount of Dividends declared.

Question
Asked Nov 14, 2019
6 views

Parrish 1-3 #3

I need the equation to solve how to find the amount of Dividends declared

Revenue for 2028 $5000

Dividends delcared in 2028 is Unkown

Expneses for 2028 $4000

RE 1/1 $8000

RE 12/31 $3000

Please specific and detailed any tell why and how you are arriving at the answer for the missing amount of Dividends declared.

 

check_circle

Expert Answer

Step 1

Retained earnings: Retained earnings are that portion of profits which are earned by a company but not distributed to stockholders in the form of dividends. These earnings are retained for various purposes like expansion activities or funding any future plans.

 

Dividends: ...

Want to see the full answer?

See Solution

Check out a sample Q&A here.

Want to see this answer and more?

Solutions are written by subject experts who are available 24/7. Questions are typically answered within 1 hour.*

See Solution
*Response times may vary by subject and question.
Tagged in

Business

Accounting

Other

Related Accounting Q&A

Find answers to questions asked by student like you

Show more Q&A add
question_answer

Q: Caro Manufacturing has two production departments, Machining and Assembly, and two service departmen...

A: Reciprocal Method:The Reciprocal method uses simultaneous equation to allocate the costs incurred by...

question_answer

Q: Optima Company is a high-technology organization that produces a mass-storage system. The design of ...

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and s...

question_answer

Q: Lease or sell Plymouth Company owns equipment with a cost of $550,000 and accumulated depreciation o...

A: Difference between Lease and Sale:Leasing is an arrangement wherein the owner of the asset permits a...

question_answer

Q: Jordan Bicycle Manufacturing Company currently produces the handlebars used in manufacturing its bic...

A: (a) Compute the relevant cost.

question_answer

Q: 1)Calculate the cost of goods available for sale and the number of units of ending inventory. 2)Assu...

A: 1) Calculation of cost of goods available for sales and number of units of ending inventory: 

question_answer

Q: You have the following information for Waterway Industries for the month ended October 31, 2022. Wat...

A: To ascertain the weighted average cost per unit the Cost of goods available for sale are divided by ...

question_answer

Q: Average Rate of Return-Cost Savings Midwest Fabricators Inc. is considering an investment in equipme...

A: Hence, $9,100 is the amount of annual depreciation on equipment. It is obtained by the division of c...

question_answer

Q: Optima Company is a high-technology organization that produces a mass-storage system. The design of ...

A: Since we are entitled to answer up to 3 sub-parts, we’ll answer the first 3 schedules. Please resubm...

question_answer

Q: sions Question 1 rences View Policies porations Current Attempt in Progress PLUS Support Bonita's Ma...

A: Click to see the answer