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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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