The equity account for company A is Common shares ($1.00 par value)- 10,000,000 Additional Paid in capital- $50,000,000 Retained Earnings- 125,000,000 Treasury shares at cost -1,000,000 Net common equity- 186,000,000 Company had Earnings of $21,000,000 this hear and they have 12,000,000 shares outstanding and will pay a dividend of $1.00 per share. What are the Retained earnings for the year and the new value of Retained earnings account?

The equity account for company A is Common shares ($1.00 par value)- 10,000,000 Additional Paid in capital- $50,000,000 Retained Earnings- 125,000,000 Treasury shares at cost -1,000,000 Net common equity- 186,000,000 Company had Earnings of $21,000,000 this hear and they have 12,000,000 shares outstanding and will pay a dividend of $1.00 per share. What are the Retained earnings for the year and the new value of Retained earnings account?

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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