dannycastilleja
Sep 9, 2010, 09:01 AM
I am doing an exercise from my homework and I have to determine the missing ammounts. One of them being Dividends. How do I find the dividends if there have been changes during the year in retained earnings?
Elder Corporation
Beginning of year
Total assets $101,479
Total liabilities 86,754
Total stockholders equity 14,725
End of year
Total assets 169,254
Total liabilities 113,783
Total stockholder's equity 55,471
Changes during year in retained earnings
Dividends _________
Total revenues 219,402
Toatl expenses 161,307
Elder Corporation
Beginning of year
Total assets $101,479
Total liabilities 86,754
Total stockholders equity 14,725
End of year
Total assets 169,254
Total liabilities 113,783
Total stockholder's equity 55,471
Changes during year in retained earnings
Dividends _________
Total revenues 219,402
Toatl expenses 161,307