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View Full Version : How to determine the dividends with out all the information


asiamarie1
Oct 9, 2011, 12:38 PM
Ok here is a problem I am having trouble with... I know how to determine the stockholders equity because for this problem it would be assets=liabilities stockholders equity... but I can't figure out how to determine the dividend at the end of the problem


The summaries of data from the balance sheet, income statement, and retained earnings statement for two corporations, Elder Corporation is below.

Beginning of year
Total assets $116,352
Total liabilities 74,977
Total stockholders' equity ?

End of year
Total assets ?
Total liabilities 117,244
Total stockholders' equity 56,044

Changes during year in retained earnings
Dividends ?
Total revenues 211,893
Total expenses 164,112