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15. Jade's Jeans Company reported net income for 2020 of $71,800 and the company paid dividends of $0.60 per share in 2020. Given this information
15. Jade's Jeans Company reported net income for 2020 of $71,800 and the company paid dividends of $0.60 per share in 2020. Given this information (along with the data provided above), compute what Jade's Jeans Company reported as retained earnings on its December 31, 2019 balance sheet? (Assume that no additional shares of stock were issued between December 31, 2019 and December 31, 2020). 16. The year-end 2020 balance sheet for Brad's Copy, Inc. lists common stock ($1.25 par value) at $7,626,000 capital surplus at $86,543,126 and retained earnings at $218,546,280. On the 2019 year-end balance sheet, retained earnings is listed as $214,368,900. The firm's net income in 2020 was $12,050,120. No stock was issued or repurchased in 2020. What were dividends per share paid by the firm in 2020 (rounded to the nearest cent)? 15. Jade's Jeans Company reported net income for 2020 of $71,800 and the company paid dividends of $0.60 per share in 2020. Given this information (along with the data provided above), compute what Jade's Jeans Company reported as retained earnings on its December 31, 2019 balance sheet? (Assume that no additional shares of stock were issued between December 31, 2019 and December 31, 2020). 16. The year-end 2020 balance sheet for Brad's Copy, Inc. lists common stock ($1.25 par value) at $7,626,000 capital surplus at $86,543,126 and retained earnings at $218,546,280. On the 2019 year-end balance sheet, retained earnings is listed as $214,368,900. The firm's net income in 2020 was $12,050,120. No stock was issued or repurchased in 2020. What were dividends per share paid by the firm in 2020 (rounded to the nearest cent)
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