From the following data: Retained earnings, December


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From the following data: Retained earnings, December 31, 2011 $ 613,000 Net decrease in total assets during 2011 93,500 Net increase in accounts receivable in 2011 21,500 Dividends declared and paid in 2011 84,000 Proceeds from issuance of bonds during 2011 221,000 Net loss for the year ended December 31, 2011 57,500 Required: Calculate the Retained Earnings balance as of December 31, 2010. (Omit the “$” sign in your response.) Retained earnings $ Zipir Inc. Inc., did not pay dividends in 2009 or 2010, even though 47,600 shares of its 6.5%, $60 par value cumulative preferred stock were outstanding during those years. The company has 267,000 shares of $1.5 par value common stock outstanding. Required: (a) Calculate the annual dividend per share obligation on the preferred stock. (Round your answer to 2 decimal places. Omit the “$” sign in your response.) Annual dividend per share $ (b) Calculate the amount that would be received by an investor who has owned 290 shares of preferred stock and 310 shares of common stock since 2008 if a $.10 per share dividend on the common stock is paid at the end of 2011. (Round your answer to 2 decimal places. Omit the “$” sign in your response.) Total dividends received $ PresidentHackerSeaUrchin6849
posted a question ยท Feb 24, 2013 at 3:39pm

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