CourseLover

(12)

$10/per page/Negotiable

About CourseLover

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Architecture and Design,Art & Design,Biology,Business & Finance,Calculus,Chemistry,Engineering,Health & Medical,HR Management,Law,Marketing,Math,Physics,Psychology,Programming,Science Hide all
Teaching Since: May 2017
Last Sign in: 286 Weeks Ago
Questions Answered: 27237
Tutorials Posted: 27372

Education

  • MCS,MBA(IT), Pursuing PHD
    Devry University
    Sep-2004 - Aug-2010

Experience

  • Assistant Financial Analyst
    NatSteel Holdings Pte Ltd
    Aug-2007 - Jul-2017

Category > Accounting Posted 10 Dec 2017 My Price 10.00

Where does the Pain in Dividends go?

  • I need to answer the question using the attached balance sheet. Answers with Profit of year, or opening balance do me no good. I understand the land price of 400K goes on Asset side, Bank loan of 360K on Liability side. Where does the Pain in Dividends go? If you can answer using my set up or help me on where the numbers go, THat will be great.
  • The company made a secondary offering of stock and raised an additional $180,000 which includes $150,000 of Paid-in Capital.
  • The company had already paid $15,000 in dividends before deciding on the offering.
  • The company now has cash to invest in a piece of raw land on which to build in the future. The investment takes place before year end. The cost of the land is $400,000, the down payment is $40,000 and a note to the bank covers the rest.

Answers

CourseLover
(12)
Status NEW Posted 10 Dec 2017 03:12 PM My Price 10.00

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