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sattari [20]
3 years ago
15

The year-end 2009 balance sheet for Tom's Copy, Inc. lists common stock ($1.00 par value) of $ 5,870 , capital surplus of $ 17,2

90 and retained earnings of $ 47,076 . On the 2010 year-end balance sheet, retained earnings are listed as $ 50,350 . The firm's net income in 2010 was $ 9,811 . No stock was issued or repurchased in 2010. What were dividends per share paid by the firm in 2010
Business
1 answer:
Len [333]3 years ago
3 0

Answer:

$1.11 per share

Explanation:

For computing the dividend per share first we have to determine the dividend by applying the following formula

Amount of dividend = Beginning balance of retained earnings + Net Income - Ending balance of retained earnings

= $47,076 + $9,811 - $50,350

= $6,537

And, the number of shares  is

= $5,870  ÷  $1 par

= 5,870 shares

So, the Dividend per share is

= Dividend ÷ number of shares

= $6,537  ÷  5,870 shares

= $1.11 per share

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<h3>What is a pay rate?</h3>

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Read more on pay rate here: brainly.com/question/4443190

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1 year ago
Breadmakers, inc. produces and supplies fresh sandwich breads to various sandwich businesses. breadmakers has recently decided t
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3 years ago
What two features of a bond are the principal determinants of its interest rate? A. Investment percentages and maturity delegati
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3 years ago
The following information was taken from the 2021 financial statements of Waterway Industries: Bonds payable, January 1, 2021 $
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Answer:

the amount reported as proceeds from bond issuance is $4,509,000

Explanation:

The computation of the amount reported as proceeds from bond issuance is as follows

Total Bond Issued during 2021

= Bonds payable, December 31, 2021 - Bonds payable, January 1, 2021 + Bond Payable retired

= $4,830,000 - $809,000 + $807,000

= $4,828,000

Now

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= Total bond issued - Bonds issued in exchange for Equipment

= $4,828,000 - $319,000

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2 years ago
During the course of your examination of the financial statements of the Hales Corporation for the year ended December 31, 2021,
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Answer:

$35,260

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Calculation to Determine the proper amount of net income for 2021

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Adjustments:

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Adjusted net income $35,260

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3 years ago
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