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Statement of Retained Earnings Use the following information to find dividends paid to common stockholders during 2022. Balance of Retained Earnings, December 31, 2021 -$21.0 million Plus: Net Income for 2022 64.0 million Less: Cash Dividends Paid Preferred Stock $5.4 million Common Stock ? million Total Cash Dividends Paid? million Balance of Retained Earnings, December 31, 2022 $ 10.4 million

Statement of Retained Earnings Use the following information to find dividends paid to common stockholders during 2022. Balance of Retained Earnings, December 31, 2021 -$21.0 million Plus: Net Income for 2022 64.0 million Less: Cash Dividends Paid Preferred Stock $5.4 million Common Stock ? million Total Cash Dividends Paid? million Balance of Retained Earnings, December 31, 2022 $ 10.4 million

FINANCIAL ACCOUNTING
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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Statement of Retained Earnings Use the following information to find dividends paid to common stockholders during 2022. Balance of Retained Earnings, December 31, 2021 -$21.0 million Plus: Net Income for 2022 64.0 million Less: Cash Dividends Paid Preferred Stock $5.4 million Common Stock? million Total Cash Dividends Paid ? million Balance of Retained Earnings, December 31, 2022 $ 10.4 million
Transcribed Image Text:Statement of Retained Earnings Use the following information to find dividends paid to common stockholders during 2022. Balance of Retained Earnings, December 31, 2021 -$21.0 million Plus: Net Income for 2022 64.0 million Less: Cash Dividends Paid Preferred Stock $5.4 million Common Stock? million Total Cash Dividends Paid ? million Balance of Retained Earnings, December 31, 2022 $ 10.4 million
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