#14

The b. in the operating of a dividend d. in the financing activities section Ciibson Company recorded the folkowing cash transactions for the year Paid $180,000 for salaries Paid $80,000 to purchase office equipment Paid $20,000 for utilities Paid $8,000 in dividends. Collected $310,000 from customers What was Gibson's net cash provided by operating activities? S110,000 b. $30,000 e. $130,000 d. $102,000 T3, Ir a company fails to incorporate an estimate of uncollectible accounts into its measure receivable, at the end of the period a. equity will be understated. b. c. total assets will be understated liabilities will be understated. 14) The following information was gathered for Trio Company for the fiscal year ended 12/31/09 On 1/1/09, shares authorized amounted to On 1/1/09, shares issued amounted to On 1/1/09, shares outstanding amounted to On 4/1/09, additional shares issued amounted to 1,000,000 shares 550,000 shares 500,000 shares 200,000 shares Trio Company paid preferred stock dividends of $50,000 and paid common stock dividends of S100,000. Trio has no dilutive securities in its capital structure and earned $250,000 of net income for the year ended 12/3 1/09. Trio Company's earnings per share (for 2009) is closest to: a. $0.39 per share. b. S0.31 per share c. S0.15 per share. d. S0.27 per share. Pinson Company began the year with retained earnings of $570,000. During the year, the co revenues of $600,000, expenses of $380,000, and paid dividends of S140,00 d amines at the end of the year? $516.00o