9. What is the total amount of TWOCO's paid-in capital at December 31, 2019?
a. 1,500,000
b. 4,550,000
c. 3,460,000
d. 1,960,000
10. The balance in Retained Earnings at the beginning of the year was $950,000, and there were no dividends in arrears. Net income for 2019 was $980,000. What was the amount of total dividends declared?
a. Impossible to determine from the information given.
b. 1,090,000
c. 840,000
d. 1,930,000
11. How much of the total dividend was paid to preferred stockholders?
a. 360,000
b. 600,000
c. 36,000
d. 60,000
12. What was the amount dividend declared on each share of common stock during 2019?
a. 6.00
b. 2.68
c. 3.00
d. Impossible to determine from the information given.
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
