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View Full Version : During 2011 Thomas earned $36,000 of cash revenue, paid $20,000 for cash expenses, a


mfording
Jan 31, 2011, 08:30 PM
As of December 31, 2010, Thomas Company had total assets of $156,000, total liabilities of $85,600, and common stock of $52,400. During 2011 Thomas earned $36,000 of cash revenue, paid $20,000 for cash expenses, and paid a $2,000 cash dividend to the stockholders.

mfording
Jan 31, 2011, 08:31 PM
As of December 31, 2010, Thomas Company had total assets of $156,000, total liabilities of $85,600, and common stock of $52,400. During 2011 Thomas earned $36,000 of cash revenue, paid $20,000 for cash expenses, and paid a $2,000 cash dividend to the stockholders.

pready
Jan 31, 2011, 08:33 PM
Thomas Company looks like a good company to invest in if they paid $2,000 in dividends on $16,000 Net Income.