What were the dividends paid by the firm

Assignment Help Financial Accounting
Reference no: EM13866795

The year-end 2013 balance sheet of Brandex Inc. listed common stock and other paid-in capital at 1,100,000 and retained earnings at 3,400,000. The next year, retained earnings were listed at 3,700,000. The firm's net income in 2014 was 900,000. There were no stock repurchases during the year. What were the dividends paid by the firm in 2014?

Reference no: EM13866795

Questions Cloud

Consumer receives loan from financial institution : When a consumer receives a loan from a financial institution, the consumer will be charged an origination fee. After reading and learning many aspects about the banking industry, do you believe origination fees and other fees are necessary to charge?..
Implementation of the affordable care act : At this point ones position in regard to the Affordable Care Act means little because with the latest Supreme Court ruling it is law of the land. The most troubling facet of the Affordable Care Act implementation is the repeated and alarming uneth..
What did you learn from your smarthinking experience : What did you learn from your Smarthinking experience that could help your peers further develop their writing proficiency? What strategies might help your peers connect writing to their vision and goals for a future career
Determine the cost and accumulated depreciation of equipment : New equipment purchased during 20x4 totaled $280,000. The 20x4 income statement disclosed equipment depreciation expense of $41,000 and a $9,000 loss on the sale of equipment. Determine the cost and accumulated depreciation of equipment sold during 2..
What were the dividends paid by the firm : The year-end 2013 balance sheet of Brandex Inc. listed common stock and other paid-in capital at 1,100,000 and retained earnings at 3,400,000. The next year, retained earnings were listed at 3,700,000. The firm's net income in 2014 was 900,000. There..
What were the firms net income and net cash flow : Butterfly tractors had 14 million in sales last year. Cost of goods sold was 8 million, depreciation expense was 2 million, interest payment on outstanding debt was 1 million, and the firm's tax rate was 35%. what were the firm's net income and net c..
How show the positive behavior : needs to show the positive behavior
Incremental profit associated with adding round-trip flight : PROBLEM 4-5. Break-Even, “What If” [LO 3] Michael Bordellet is the owner/pilot of Bordellet Air Service. The company flies a daily round trip from Seattle's Lake Union to a resort in Canada. How many round trips are needed so that Michael can draw a ..
List two special interest groups that strongly disagree : List two special interest groups that strongly disagree with each other when it comes to end-of-life decisions. Summarize their viewpoints, and comment about which side you are more sympathetic to and why

Reviews

Write a Review

 

Financial Accounting Questions & Answers

  Question you are engaged in your cpa firms 1st audit of

question you are engaged in your cpa firms 1st audit of zorostria a retailer of artwork photographs purchased and

  Calculate their income statement using the better method

Fatimah and Ahmad, who make $50,000 per year, calculated their average tax rate at 20 percent. They contribute 15 percent of their income to charity and pay themselves 10 percent of their income. Calculate their income statement using the better meth..

  Analyzing the statement based on trend analysismarcus

analyzing the statement based on trend analysis.marcus companyyou are the senior financial analyst for the marcus

  Method of amortization of bond discount

If the corporation uses the straight -line method of amortization of bond discount,the amount of bond intrest expense to be recognized on July 1,2010 is ?

  Summarize how companys stock value changed-cash-flow

Summarize how the company’s stock value (logitech) changed from May 11, to August 5? Provide a Percentage increase or decrease? State the company’s cash-flow over the last 4 years. Estimate, what percent of the company’s revenue comes from domestic s..

  Determine the expected total cost for a month

The cab driver incurred costs of $3000 during its busiest month, driving 5,000miles. During the slowest month the vehicle was driven for only 2000 miles for an maintained cost of $2500.00. Using the High-Low method, determine the expected total cost ..

  How much is your service i need help with an accounting

how much is your service? i need help with an accounting problem prepare an income statement using the single-step form

  Prepare an adjusting entry to record the year end fair value

Prepare an adjusting entry, if necessary, to record the year-end fair values adjusting for the portfolio of short-term investment in available –for-sale securities.

  Measure of performance than net operating cash flow

Explain the difference between a cash basis and an accrual basis measure of performance. Does accrual basis net income provide a better measure of performance than net operating cash flow?

  Calculating the direct labour rate variance and the direct

calculating the direct labour rate variance and the direct labour efficiency variance.the moore company manufactures

  Prepare swags consolidated balance sheet

Prepare Swag's consolidated balance sheet under each of the following independent situations - swag purchased the assets and assumed the liabilities of Perk by paying $1,400,000 in cash and issuing a $12,600,000 note.

  Advise what the correct accounting treatment

Advise what the correct accounting treatment would be to record these transactions - however the amount of the damages will not be decided until 30th September 2014.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd