total dividends declared and paid on December 31,2011 are 10,000 cash us stated
ID: 2366707 • Letter: T
Question
total dividends declared and paid on December 31,2011 are 10,000
cash us stated after the dividends were paid
1,000 shares are authorized 100 outstanding shares of $10 per common stock
inventory and equipment are equal
BALANCE SHEET, AS OF DECEMBER 31,2011
ASSETS LIABILITY AND EQUITY
cash 8,0000 ACCOUNTS PAYABLE 9,000
account receivable 12,000 DIVIDENDS PAYABLE BOX 9________
inventory box1_______ COMMON STOCK BOX 10_________
equipment box 2______ RETAINED EARNINGS 30,000
total assets box3______ TOTAL LIABILITIES AND EQUITY BOX 11________
INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31,2011
revenues 100,000
Cost of Sales BOX 4______
Other Expenses 10,000
Net Income BOX 5______
STATEMENT OF RETAINED EARNINGS FOR THE YEAR ENDED DECEMBER 31, 2011
beg balance 10,000
net income box 6__________
dividents box 7__________
ending balance box 8______________
Explanation / Answer
ANSWER IS AT Financial Accounting II - Ch. 19 - 21 flashcards | Quizlet quizlet.com/11863379/financial-accounting-ii-ch-19-21-flash-cards/
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