Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
Transcribed Image Text:Use the following information to find dividends paid to common stockholders during 2021. (Enter your answers in millions of dollars.)
Balance of retained earnings, December 31, 2020
Plus: Net income for 2021
Less: Cash dividends paid
Preferred stock
Common stock
Total cash dividends paid
Balance of retained earnings, December 31, 2021
(in millions of dollars)
$
$
1
$
466
25
480
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