The following data are extracted from the stockholders' equity section of the balance sheet of Guthrie...
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The following data are extracted from the stockholders' equity section of the balance sheet of Guthrie Corporation: 12/31/13 12/31/14 Common stock ($1 par value). $50,000 $51,000 Paid-In capital in excess of par . 25,000 29,000 ..... Retained earnings 50,000 52,300 During 2020, the corporation declared and paid cash dividends of $7,500 and also declared and issued a 2% stock dividend amounting to $5,000. Net income for 2020 was O $2,300. O $9,800. O $10,800. O $14,800. The following data are extracted from the stockholders' equity section of the balance sheet of Guthrie Corporation: 12/31/13 12/31/14 Common stock ($1 par value). $50,000 $51,000 Paid-In capital in excess of par . 25,000 29,000 ..... Retained earnings 50,000 52,300 During 2020, the corporation declared and paid cash dividends of $7,500 and also declared and issued a 2% stock dividend amounting to $5,000. Net income for 2020 was O $2,300. O $9,800. O $10,800. O $14,800.
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Related Book For
Principles of Accounting
ISBN: 978-0618736614
10th edition
Authors: Belverd Needles, Marian Powers, Susan Crosson
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