Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. ursula company declared dividends of $20,000 in fi

Ursula Company declared dividends of $20,000 in fiscal 2021 and paid the $42,000 dividends that...

70.2K

Verified Solution

Question

Accounting

Ursula Company declared dividends of $20,000 in fiscal 2021 and paid the $42,000 dividends that were declared in fiscal 2020. Ursula paid the 2021 dividends in early fiscal 2022. How much dividends should the company report in the statement of retained earnings in 2021?

$20,000

$62,000

$0

$42,000

Answer & Explanation Solved by verified expert
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!
Become a Member

Other questions asked by students

Finance
1.2K views

Consider an asset that costs $211,200 and is depreciated straight-line to zero over its 8-year tax...

Chemistry
1.2K views

If 4 moles of oxygen and 2 moles of nitrogen gas occupy 12 liters at a total...

Programming
1.2K views

Find the integer a such that a≡-43mod23and-22≤a≤0. a≡17mod29 and-14≤a≤14. a≡-11mod21 and 90≤a≤110.

Physics
1.2K views

Normal seeds can be separated from discoloured ones and from foreign objects by means of an...

Basic Math
1.2K views

ok t ces Hydro Sports budgets overhead cost of 570 000 for the year of...

Basic Math
1.2K views

2. Determine the equations of the vortex lines when the velocity vectorof the flow field...

Statistics
1.2K views

Ar A soap manufacturing company was distributing a particular brand of soap through a large...

Algebra
1.2K views

6 Solve the system of equations 3x 2y z 4 10 x 3y 4z 7...

Accounting
1.2K views

Which manager or who is most likely responsible for production volume variances? A. Production. B....

Accounting
1.2K views

1. A is responsible for researching, planning, and recommending software and systems choices to meet...

Accounting
1.2K views

On January 2, 2016, Perry Co. purchased a 30% interest in Van Horn, Inc. for...

Accounting
1.2K views

Stacy Henry deposited $20,800 in a money market certificate that provides interest of 8% compounded...