As of December 31, 2013, Warner Corporation reported the following: Dividends payable 32,000 Treasury stock...
70.2K
Verified Solution
Link Copied!
Question
Accounting
As of December 31, 2013, Warner Corporation reported the following:
Dividends payable 32,000
Treasury stock 570,000
Paid-in capital share repurchase 32,000
Other paid-in capital accounts 5,200,000
Retained earnings 4,200,000
During 2014, half of the treasury stock was resold for $250,000; net income was $570,000; cash dividends declared were $1,380,000; and stock dividends declared were $620,000.
What was shareholders' equity as of December 31, 2013?
a- $8,830,000. b- $8,862,000. c- $8,894,000. d- $9,432,000.
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.