View Full Version : Dividends
arpine.ashikyan
Sep 12, 2010, 10:55 PM
My company expects profits to be close to $,000,000. The Board of directors has instructed me to increase Retained Earnings by approximately $2,000,000 withut issuing or retiring stock. What Divident will I pay shareholders this year?
morgaine300
Sep 13, 2010, 02:47 AM
Please always start a new thread for your post instead of tagging onto other peoples'. I've moved yours to its own thread.
morgaine300
Sep 13, 2010, 02:51 AM
Also please see the guidelines for posting homework questions:
https://www.askmehelpdesk.com/finance-accounting/announcement-font-color-ff0000-u-b-read-first-expectations-homework-help-board-b-u-font.html
I know this is homework because if you had really been instructed to increase retained earnings by $2 million dollars, you wouldn't be on here asking. You also may want to provide the info you left out.