fr3sh2deaf
Jun 25, 2011, 01:52 PM
Common stock—$10 par value, 100,000 shares authorized, 60,000 shares issued and outstanding $600,000
Paid-in capital in excess of par value, common stock 80,000
Retained earnings 270,000
Total stockholders' equity $950,000
the question is Directors declared a $6 per share cash dividend on sept 5
I try to subtract common stock from retain earning but I keep getting the problem wrong I just want to know how to caluate the answer that's it
Paid-in capital in excess of par value, common stock 80,000
Retained earnings 270,000
Total stockholders' equity $950,000
the question is Directors declared a $6 per share cash dividend on sept 5
I try to subtract common stock from retain earning but I keep getting the problem wrong I just want to know how to caluate the answer that's it