In its most recent financial statements, Del-Castillo Inc. reported $70 millionof net income and $900 million of retained earnings. The previous retainedearnings were $855 million. How much in dividends did the firm pay toshareholders during the year?

Q: In its recent income statement, Smith Software Inc. reported $28 million of net income, and in its…

A: Net income refers to the portion of revenue left after deducting all the expenses from the revenue.…

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.

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: At the beginning of the current year, Soron Corporation had 200,000 shares of $1 par common stock…

A: Retained earnings are the amount which was retained by the company after all of its expenses…

Q: In its most recent financial statements, Nessler Inc. reported $35 million of net income and $420…

A: The term retained earnings refer to the amount of net income that is distributed among the…

Q: Makers Corp. had additions to retained earnings for the year just ended of $213,000. The firm paid…

A: Earnings per share : Earnings per share are calculated based on the companies year ending profit and…

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: Mori Company's net income last year was $25,000 and cash dividends declared and paid to the…

A: Cash flow statement is a statement which shows cash inflows and cash outflows of the business.

Q: Company Zeta had retained earnings balance of $4 million in the previous year. In the current year,…

A: Retained earnings are the portion of income which is held by the company for the future operating…

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

A: Number of shares issued at the end of the current year = Common Stock account totaled at the end of…

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: Finn, Inc. began the year with a balance in retained earnings of $16,800 and 32,000 shares of $1 par…

A: >Retained earnings represents the accumulated amount of past net Income and Loss, as reduced by…

Q: Makers Corp. had additions to retained earnings for the year just ended of $285,000. The firm paid…

A: Given the following information: Additions to retained earnings: $285,000 Dividends paid in cash:…

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: During the most recent quarter XYZ Corp had $1.6 million in revenues and 970, 800 in expenses. The…

A: Working note:

Q: Reliable Corporation had sales of $61,122,248, cost of goods sold of $24,201,696, operating expenses…

A: Given: Reliable Corporation had sales of $60,257,593, cost of goods sold of $24,092,883, operating…

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: 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

Q: During the year, Proffitts, Inc., had revenue of $83,000 and expenses of $26,000. During the year,…

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

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

A: Ending Balance of Retained Earnings = Beginning Balance of retained earnings + Net Income -…

Q: The income statement for Delta-tec Inc. for the year ended December 31, Year 2, was as follows:…

A: Trading securities: These are short-term investments in debt and equity securities with an intention…

Q: In its most recent financial statements, Nessler Inc. reported $80 million of net income and $1,440…

A: Given that the net income in the current year is $80 millionRetained earnings in the current year is…

Q: Jamaica Tours, Inc. started the year with a balance of retained earnings of $1,810 million. The…

A: Calculate the End of Year Balance in Retained Earnings:The end of Year Balance in Retained Earnings…

Q: A firm had a retained earnings balance of $3 million in the previousyear. In the current year, its…

A: Retained earnings are the accumulated earnings which are retained by the company to use for…

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.

Q: In its most recent financial statements, Nessler Inc. reported $55 million of net income and $605…

A: Retained earnings are the cumulation of net income that remains after paying the dividends to the…

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: in the firm's most recent financial statements, newhouse, inc. reported 57 mil usd of ni and 808 mil…

A: Let's say, RE represents retained earning, NI represents net income and D represents dividends…

Q: Goldfinger Corporation had account balances at the end of the currentyear as follows: sales revenue,…

A: The income statement shows the income earned during the year by the company.

Q: The net income of​ Hendley, Inc. for the year is $35,000. The dividends declared during the year…

A: Increase (decrease) in Retained Earnings = Net income for the year - Dividends declared during the…

Q: In its most recent financial statements, Del-Castillo Inc. reported $35 million of net income and…

A: Dividend: It is the  distribution of profits  to its investors once  profit is earned by 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: In its recent income statement, Smith Software Inc. reported $11 million of net income, and in its…

A: Retained earning means from the total profits and available…

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: TeleLink reports retained earnings at the end of the current year of $32,598 million and retained…

A: Given ÷ Retained earnings at the end of the current year = $32,598 million Retained earnings at the…

Q: A company’s balance of retained earnings on January 1 was $35 million. During the year,sales revenue…

A: Net Income = Sales revenue - Expenses = $82 million - $50 million = $32 million

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: Electronics World Inc. paid out $22.4 million intotal common dividends and reported $144.7 million…

A: The net profit of the company is the amount of profit after charging all the expenses a company has…

Q: In its Year 6 annual report, Sally Inc. reported net earnings of $4,242 million and dividends paid…

A: Forecast dividends on the basis of last year dividend to sales ratio

Q: In its most recent financial statements, Nessler Inc. reported $60 million of net income and $660…

A: Equity capital is the funds invested by the owners of the company. The equity holders of the owners…

Q: During 2018 Bajery paid out $33,525 of common dividends. In ended the year with $187,500 of retained…

A: The formula is -  Retained earnings(2018) = Retained earnings(2017) + Net Income(2018) -…