On 12/14/2016 the Board of Directors declared a $2.00 per sh…
On 12/14/2016 the Board of Directors declared a $2.00 per share dividend to be paid on 1/15/2017 to the shareholders of record on 12/28/2016. The Ex-dividend date for this stock is 12/26/2016. Which of the dates listed below is the most relevant if you want to wait to purchase the stock, but make sure you purchase in time to ensure that you receive the dividend?
Read DetailsUse the following income statement and comparative balance s…
Use the following income statement and comparative balance sheet to find the following cash flows: Income Statement 2009 Revenues $600,000 -Cost of Goods Sold -$300,000 Gross Margin $300,000 -Depreciation – $20,000 -Loss on Sale of Machine – $15,000 -Salary expense – $150,000 -Tax expense – $15,000 Net Income $100,000 Balance Sheet 12/31/2008 12/31/2009 Cash $22,000 $82,000 Accounts Receivable $30,000 $25,000 Inventory $20,000 $40,000 Non-Current Deferred Tax Asset $5,000 $25,000 Property, Plant, and Equipment, net $100,000 $120,000 Total Assets $177,000 $292,000 Accounts Payable – Salaries $15,000 $13,000 Accounts Payable – Inventory $5,000 $30,000 Common Stock $10,000 $10,000 APIC-C.S. $62,000 $62,000 Treasury Stock ($5,000) ($3,000) Retained Earnings $90,000 $180,000 Total Liabilities and Owners equity $177,000 $292,000 How much cash was paid to employees in 2009?
Read DetailsUse the following income statement and comparative balance s…
Use the following income statement and comparative balance sheet to find the following cash flows: Income Statement 2009 Revenues $600,000 -Cost of Goods Sold -$300,000 Gross Margin $300,000 -Depreciation – $20,000 -Loss on Sale of Machine – $15,000 -Salary expense – $150,000 -Tax expense – $15,000 Net Income $100,000 Balance Sheet 12/31/2008 12/31/2009 Cash $22,000 $82,000 Accounts Receivable $30,000 $25,000 Inventory $20,000 $40,000 Non-Current Deferred Tax Asset $5,000 $25,000 Property, Plant, and Equipment, net $100,000 $120,000 Total Assets $177,000 $292,000 Accounts Payable – Salaries $15,000 $13,000 Accounts Payable – Inventory $5,000 $30,000 Common Stock $10,000 $10,000 APIC-C.S. $62,000 $62,000 Treasury Stock ($5,000) ($3,000) Retained Earnings $90,000 $180,000 Total Liabilities and Owners equity $177,000 $292,000 How much cash was paid for inventory in 2009?
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