Cash dividends declared during 2009	$ 75,000
Ordinary share dividends declared during 2009	$ 11,500
Ordinary shares Dec, 31, 2009	$ 840,000
Preference shares Dec, 31, 2009	$ 180,000
Retained earnings Dec, 31, 2008	$ 280,000
Retained earnings Dec, 31, 2009	$ 230,000

A. Total contributed Capital at Dec, 31, 2009?

B. What was the net income earned for the year ended Dec, 31, 2009? (loss)

Answer rating: 100% (QA)

To calculate the total contributed capital at December 31 2009 you need to consider the ordinary sha... View the full answer