Maurice Tutor

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Teaching Since: May 2017
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 06 Jun 2017 My Price 12.00

Dividends declared on preferred stock

Following are selected data of Kane Corporation at 2009 December 31:

Net income for the year

$512,000

Dividends declared on preferred stock

72,000

Retained earnings appropriated during the year for future plant expansion

240000

Dividends declared on common stock

64,000

Retained earnings, January 1, un appropriated

720,000

Directors ordered that the balance in the “Appropriation per loan agreement”, related to a loan repaid on 2009 March 31, be returned to un appropriated

retained earnings

480,000

Prepare a statement of retained earnings for the year ended 2009 December 31

Answers

Maurice Tutor
(5)
Status NEW Posted 06 Jun 2017 07:06 PM My Price 12.00

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