The following information is available at the end of 2009. Total assets on 12/31/2008 ........$70,000 Total assets
Question:
The following information is available at the end of 2009.
Total assets on 12/31/2008 ........$70,000
Total assets on 12/31/2009 ........ 78,000
Total liabilities on 12/31/2008 ...... -0-
Total liabilities on 12/31/2009 ...... -0-
Common stock on 12/31/2008 ...... 50,000
Common stock on 12/31/2009 ...... 50,000
Net income for 2009 .......... 12,000
Required:
Calculate the amount of dividends reported on the statement of retained earnings for 2009.
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Related Book For 
Cornerstones of Financial and Managerial Accounting
ISBN: 978-0324787351
1st Edition
Authors: Rich Jones, Mowen, Hansen, Heitger
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