Melanie Corporation declared cash dividends of $12,600 during the current year. The beginning and ending balances in dividends payable were $360 and $600, respectively. What was the amount of cash paid for dividends? Multiple Choice $12.000. $12,840. $11,640. $12,360. To

Melanie Corporation declared cash dividends of $12,600 during the current year. The beginning and ending balances in dividends payable were $360 and $600, respectively. What was the amount of cash paid for dividends? Multiple Choice $12.000. $12,840. $11,640. $12,360. To

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter15: Statement Of Cash Flows

Section: Chapter Questions

Problem 6BE

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Concept explainers

Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.

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Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Also, assume that the dividends paid to common stockholders for last year were 2,600,000 and that the market price per share of common stock is 51.50. Required: 1. Compute the dividends per share. 2. Compute the dividend yield. (Note: Round to two decimal places.) 3. Compute the dividend payout ratio. (Note: Round to two decimal places.)
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