Olala Company has the following shareholders’ equity: Common stock (700,000 shares at $700 per-share)             $ ........................ Paid-in-capital in excess of par                                              $140,000,000 Retained Earnings                                                                  $70,000,000   Required: How much is the total shareholders’ equity of Olala Company?  How much maximum per-share-dividend could Olala Company pay?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Olala Company has the following shareholders’ equity:

Common stock (700,000 shares at $700 per-share)             $ ........................

Paid-in-capital in excess of par                                              $140,000,000

Retained Earnings                                                                  $70,000,000

 

Required:

  1. How much is the total shareholders’ equity of Olala Company? 
  2. How much maximum per-share-dividend could Olala Company pay? 

 

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