Cash dividends declared during 2009 $ 75,000 Ordinary share dividends declared during 2009 $ 11,500 Ordinary...
| Cash dividends declared during 2009 | $ 75,000 |
| Ordinary share dividends declared during 2009 | $ 11,500 |
| Ordinary shares Dec, 31, 2009 | $ 840,000 |
| Preference shares Dec, 31, 2009 | $ 180,000 |
| Retained earnings Dec, 31, 2008 | $ 280,000 |
| Retained earnings Dec, 31, 2009 | $ 230,000 |
A. Total contributed Capital at Dec, 31, 2009?
B. What was the net income earned for the year ended Dec, 31, 2009? (loss)
Homework Answers
| Total Contributed capital | |
| Ordinary shares Dec 31,2009 | 840000 |
| Preference shares dec 31 , 2009 | 180000 |
| 1020000 | |
| Net Income | |
| Retained earnings Dec 31 2009 | 230000 |
| Retained earnings Dec 31 2008 | 280000 |
| Difference | -50000 |
| Add:Cash Dividends | 75000 |
| Add: Ordinary share dividends | 11500 |
| Net Income Earned | 36500 |
Add Answer to:
Cash dividends declared during 2009
$ 75,000
Ordinary share dividends declared during 2009
$ 11,500
Ordinary...
Banner Publications was organized early in 2008 with authorization to issue 10,000 preference shares of $100...
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