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-   -   How to determine the dividends with out all the information (https://www.askmehelpdesk.com/showthread.php?t=602285)

  • Oct 9, 2011, 12:38 PM
    asiamarie1
    How to determine the dividends with out all the information
    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

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