which one is correct answer please confirm? Q18: WPI Inc. has the following current equity accounts on its balance sheet: Common stock ($2.50 par, 500,000 shares) $ 1,250,000 Contributed capital in excess of par $10,000,000 Retained earnings $15,540,000 Total $26,790,000 If WPI earned $3.20 per share this year, what is the maximum dividend per share that WPI may pay if the state capital impairment provisions are limited to the par value and the contributed capital in excess of par accounts? a. $34.28 b. $15.54 c. $31.08 d. $3.20
which one is correct answer please confirm? Q18: WPI Inc. has the following current equity accounts on its balance sheet: Common stock ($2.50 par, 500,000 shares) $ 1,250,000 Contributed capital in excess of par $10,000,000 Retained earnings $15,540,000 Total $26,790,000 If WPI earned $3.20 per share this year, what is the maximum dividend per share that WPI may pay if the state capital impairment provisions are limited to the par value and the contributed capital in excess of par accounts? a. $34.28 b. $15.54 c. $31.08 d. $3.20
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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which one is correct answer please confirm?
Q18: WPI Inc. has the following current equity accounts on its balance sheet:
Common stock ($2.50 par, 500,000 shares) |
$ 1,250,000 |
Contributed capital in excess of par |
$10,000,000 |
$15,540,000 |
|
Total |
$26,790,000 |
If WPI earned $3.20 per share this year, what is the maximum dividend per share that WPI may pay if the state capital impairment provisions are limited to the par value and the contributed capital in excess of par accounts?
a. |
$34.28
|
|
b. |
$15.54
|
|
c. |
$31.08
|
|
d. |
$3.20
|
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