Hayes Enterprises began 2012 with a retained earnings balance of $928,000. During 2012, the firm earned $377,000
Question:
a. Prepare a statement of retained earnings for the year ended December 31, 2012, for Hayes Enterprises.
b. Calculate the firm’s 2012 earnings per share (EPS).
c. How large a per-share cash dividend did the firm pay on common stock during 2012?
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
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a Cash dividends paid on common stock Net profits after taxe...View the full answer
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Related Book For 
Principles Of Managerial Finance
ISBN: 978-0136119463
13th Edition
Authors: Lawrence J. Gitman, Chad J. Zutter
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