Maurice Tutor

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About Maurice Tutor

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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 401 Weeks Ago, 2 Days Ago
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Education

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

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 06 Aug 2017 My Price 4.00

Titanic Corporation

Retained Earnings

Titanic Corporation's net income for the year ended December 31, 2011, is $380,000. On June 30, 2011, a $0.75 per share cash dividend was declared for all common stockholders. Common stock in the amount of 38,000 shares was outstanding at the time. The market price of Titanic's stock at year-end (12/31/11) is $18 per share. Titanic had a $1,100,000 credit balance in retained earnings at December 31, 2010.

Calculate the ending balance (12/31/11) of retained earnings.

Answers

Maurice Tutor
(5)
Status NEW Posted 06 Aug 2017 08:08 AM My Price 4.00

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