Homework Sourse14 Required information 1620000 1960000 930000 3700000 15 Re
14.
Required information
$1,620,000.
$1,960,000.
$930,000.
$3,700,000.
15.
Required information
The balance in Retained Earnings at the beginning of the year was $840,000, and there were no dividends in arrears. Net income for 2015 was $600,000. What was the amount of dividend declared on each share of common stock during 2015?
$1.42.
$0.42.
$2.11.
$2.36.
| Shown below is information relating to the stockholders\' equity of Grant Corporation at December 31, 2015: |
Solution
Note only one question allowed per question >:
Refer to the above data. The total amount of Grant\'s paid-in capital at December 31, 2015, is:
600,000 + 900,000 + 60,000 + 1,900,000 =
$3,700,000.
