total dividends declared and paid on December 31,2011 are 10,000 cash us stated
ID: 2366736 • 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 8,000 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__________ dividends 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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