In its most recent financial statements, Nessler Inc. reported $55 million of net income and $1,045 million of retained earnings. The previous retained earnings were $1,003 million. How much in dividends were paid to shareholders during the year? Assume that all dividendsdeclared were actually paid. Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest dollar, if necessary.$

Retained Earnings is the amount of earnings that is accumulated and that is attributable to the…

Answered: In its most recent financial…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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For the year, the Bridgewater Co. has net income of $27,400, net new equity of $12,000, and an addition to retained earnings of $19,600. What is the amount of the dividends paid?
A company has current assets of $616,000 and current liabilities of $221,000. The board of directors declares a cash dividend of $168,000. What is the current ratio after the declaration but before payment? What is the current ratio after the payment of the dividend?
Please help me. Thankyou.
In its recent income statement, Smith Software Inc. reported $11 million of net income, and in its year-end balance sheet, Smith reported $392 million of retained earnings. The previous year, its balance sheet showed $381 million of retained earnings. What were the total dividends paid to shareholders during the most recent year? (Answers are in $ millions.) $18.00 $11.00 $11.00 -$2.00 $0.00
In its most recent financial statements, Del-Castillo Inc. reported $60 million of net income and $830 million of retained earnings. The previous retained earnings were $810 million. How much in dividends did the firm pay to shareholders during the year? Enter your answer in dollars. For example, an answer of $1.2 million should be entered as 1,200,000. Round your answer to the nearest dollar.
At the beginning of the current fiscal year, the balance sheet of Cummings Company showed liabilities of $431,000. During the year, liabilities decreased by $74,000, assets increased by $152,000, and paid-in capital increased by $17,000 to $370,000. Dividends declared and paid during the year were $123,000. At the end of the year, stockholders' equity totaled $752,000. Required: Calculate net income or loss for the year. Note: Amounts to be deducted should be indicated with a minus sign. Beginning Changes Changes Ending Assets $ 957,000 152,000 Liabilities $ 431,000+ $ (74,000) + $ 74,000+ Stockholders' Equity RE PIC + 17,000+ 17,000+ $ 370,000+ $752,000 SE
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Green Fire had Net Income for the year just ended of $34,000, and the firm paid out $8,000 in cash dividends. The company currently has 15,000 shares of common stock outstanding, and the stock currently sells for $89 per share. �What is the PE ratio?
Golden Corporation declared and paid $4,600 of cash dividends during the current year ended December 31. Its financial statements also reported the following summarized data: Required: 1. Complete the horizontal analyses for each item in Golden Corporation's comparative financial statements. TIP: Calculate the increase (decrease) by subtracting the previous year from the current year. Calculate the percentage by dividing the amount of increase (decrease) by the previous-year balance. (Decreases should be indicated by a minus sign. Round percentage values to 1 decimal place.) 2-a. Use the horizontal (trend) analyses to identify the accounts where a large percentage change is accompanied by a small dollar change. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer.) 2-b. Use the horizontal (trend) analyses to identify the accounts…
3
Ivan's, incorporated, paid $490 in dividends and $590 in intrest this past year. Common stock increased by $200 and retained earnings decreased by $126. What is the net income for the year?
During 2018 Bajery paid out $33,525 of common dividends. In ended the year with $187,500 of retained earning versus the prior's retained earnings of $159600. How much net income did the firm earn during the year?

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