able 31 Jones Company Financial Information December 2009 De

able 3-1 Jones Company Financial Information December 2009 December 2010 Net Income $2,000 $4,000 Accounts receivable 750 950 Accumulated depreciation 1,000 1,500 Common stock 4,500 5000 Paid-in capital 7,500 8500 Page 7 of 8 Retained earnings 1,500 2,500 Accounts payable 750 750 Based on the information in Table 3-1, calculate the amount of dividends paid by Jones Company in 2010 (no assets were disposed of during the year, and there was no change in interest payable or taxes payable).

Solution

the following is the calculation of jones company dividends paid in 2010.