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Ksenya-84 [330]
2 years ago
11

The balance in retained earnings at December 31, 2020 was $1440000 and at December 31, 2021 was $1168000. Net income for 2021 wa

s $1008000. A stock dividend was declared and distributed which increased common stock $499000 and paid-in capital $99000. A cash dividend was declared and paid.
The amount of the cash dividend was:___________
a) $381000.
b) $781000.
c) $682000.
d) $1280000.
Business
1 answer:
fomenos2 years ago
5 0

Answer:

C. $682,000

Explanation:

Given the above information, the computation of cash dividend is seen below;

Beginning retained earnings (2020) + net income - Stock dividend - Cash dividend = Retained earnings

$1,440,000 + $1,008,000 - ($499,000 + $99,000) - Cash dividend = $1,168,000

$2,448,000 - $598,000 - Cash dividend = $1,168,000

Cash dividend = $2,448,000 - $598,000 - $1,168,000

Cash dividend = $682,000

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Which of the following is an advantage of being an entrepreneur in the consumer service industry?
andrew11 [14]

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Dell is a product of the Digby company. Digby's sales forecast for Dell is 1856 units. Digby wants to have an extra 10% of units
Mumz [18]

Answer:

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5 0
3 years ago
Which of the following statements is not true for T accounts?
Sever21 [200]

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VladimirAG [237]

The supply chain Management of the strategic sourcing process is sometimes kicked off in response to an entirely new need within an organization.

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2 years ago
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