Ask Experts Questions for FREE Help !
Ask
    mfording's Avatar
    mfording Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Jan 31, 2011, 08:30 PM
    During 2011 Thomas earned $36,000 of cash revenue, paid $20,000 for cash expenses, a
    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's Avatar
    mfording Posts: 2, Reputation: 1
    New Member
    		  
    #2

    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's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
    		  
    #3

    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.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Acquired land at a cost of $60,000; paid one half of the purchase price in cash [ 1 Answers ]

On June 1 the cash balance was $162,000. During the month, cash receipts totaled $80, [ 1 Answers ]

On June 1 the cash balance was $162,000. During the month, cash receipts totaled $80,000 and the June 30 cash balance was $148,000. What is the total cash payments of June?

If the owner gives you $5,000 cash and a truck valued at $10,000, which accounts woul [ 1 Answers ]

If the owner gives you $5,000 cash and a truck valued at $10,000, which accounts would they be applied to?

Make the journal entries necessary to record Paid $27,000 cash for employee wages. [ 1 Answers ]

Make the journal entries necessary to record Paid $27,000 cash for employee wages.

View more questions Search