Question: Please explain or show calculation to arrive at the answer. TABLE 1: Jones Company Financial Information December 2009 December 2010 Net Income $2,000 $4,000 Accounts

Please explain or show calculation to arrive at the answer.
TABLE 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 Accounts payable 750 750 Based on the information in Table 1, calculate the amount of dividends paid by Jones Company in 2010 (no assets were disposed of during the year, and there was no change in interest payable or taxes payable) A) $2,000 B) $2,500 C) $3,500 D) $4,000
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
