Please help me The following information for Kellman Inc. is available at the end of the year.$73,000 Common stock on Jan. 178,500 Common stock on Dec. 3112,100 Net income for the year9,800Total assets on Jan. 1Total assets on Dec. 31Total liabilities on Jan. 1Total liabilities on Dec. 31Required:Calculate the amount of dividends declared reported on the retained earnings statement.$50,00050,00014,800

Retained earnings represent the cumulative net profits a company has kept after distributing…

The following information for Kellman Inc. is available at the end of the year. Total assets on Jan. 1 $73,000 Common stock on Jan. 1 Total assets on Dec. 31 78,500 Common stock on Dec. 31 Total liabilities on Jan. 1 12,100 Net income for the year Total liabilities on Dec. 31 9,800 Required: Calculate the amount of dividends declared reported on the retained earnings statement. $50,000 50,000 14,800

The following information for Kellman Inc. is available at the end of the year. Total assets on Jan. 1 $73,000 Common stock on Jan. 1 Total assets on Dec. 31 78,500 Common stock on Dec. 31 Total liabilities on Jan. 1 12,100 Net income for the year Total liabilities on Dec. 31 9,800 Required: Calculate the amount of dividends declared reported on the retained earnings statement. $50,000 50,000 14,800

Managerial Accounting

15th Edition

ISBN:9781337912020

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

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

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 13E: Ratio of liabilities to stockholders equity and times interest earned The following data were taken...

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Question

Please help me

The following information for Kellman Inc. is available at the end of the year.
$73,000 Common stock on Jan. 1
78,500 Common stock on Dec. 31
12,100 Net income for the year
9,800
Total assets on Jan. 1
Total assets on Dec. 31
Total liabilities on Jan. 1
Total liabilities on Dec. 31
Required:
Calculate the amount of dividends declared reported on the retained earnings statement.
$50,000
50,000
14,800

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