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    Snoopy500's Avatar
    Snoopy500 Posts: 5, Reputation: 1
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    #1

    Jan 18, 2009, 01:34 PM
    Net income and Less dividends?
    Income statement:
    Revenues= 5,320
    Expenses= $4,830
    Net income= 490

    Statement of retained earnings:
    Beginning balance= $1,800
    Net income= ?
    Less Dividends= ?
    Ending balance= $2,100
    Total assets= $2,700
    Liabilities= $400

    Stockholders' Equity:
    Common stock= $200
    Retained earnings= $2,100
    Total Liabilities and stockholder equity= $2,700

    Can you please help me find Net income and Less dividends?
    asastring's Avatar
    asastring Posts: 13, Reputation: 3
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    #2

    Jan 18, 2009, 02:16 PM

    I might be missing something but the income is given $490, dividends are $190.
    Snoopy500's Avatar
    Snoopy500 Posts: 5, Reputation: 1
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    #3

    Jan 31, 2009, 09:43 AM
    Thank you for your help with this question and the other one. I don't know how I could miss something as easy as that. Thank you again :)



    Quote Originally Posted by asastring View Post
    I might be missing something but the income is given $490, dividends are $190.
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