Question: Based on the information in Table 3-1, calculate the amount of dividends paid by Jones Company in 2010. Please refer to Table 3-1 for the
Based on the information in Table 3-1, calculate the amount of dividends paid by Jones Company in 2010. Please refer to Table 3-1 for the following questions. Table 3-1 Jones Company Financial Information December 2009 December 2010 Net Income $2,000 $4,000 Accounts receivable 750 950 Accumulated depreciation 1,000 1,500 Common stock 4,500 5000 Paid-in capital 7,500 8500 Retained earnings 1,500 3,500 750 750 Accounts payable $2,500 $2.000 O $3.500 $4,000
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