Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Can Dividends paid be negative? if not what should it be? Financing Activities begin{tabular}{|l|r|r|} hline Long-term Notes Payable & $258,898 & $145,392 hline Paid-in
Can Dividends paid be negative? if not what should it be?
Financing Activities \begin{tabular}{|l|r|r|} \hline Long-term Notes Payable & $258,898 & $145,392 \\ \hline Paid-in Capital; $0.01 par value common sto & $125,000 & $0 \\ \hline Dividends Paid & $70,800 & $9,700 \\ \hline Net Cash from Financing & $63,098 & $135,692 \\ \cline { 2 - 4 } & & \end{tabular} Table 3 Other Information \begin{tabular}{|l|l|l|l|} \hline 2018 & 2019 & 2020 & 2021 \\ \hline \end{tabular} Dividends Paid Year end Stook price Avg. Shares outstanding Effective Tas Rate Sales of Property, Plant, \& Equipment Sales of Property, Plank, Q. Equipment \begin{tabular}{|r|r|r|r|} \hline$68,000 & $105,800 & $35,000 & $25,300 \\ \hline$12.80 & $10.50 & $6.00 & $3.50 \\ \hline 112,500 & 112,500 & 100,000 & 100,000 \\ \hline 0.00% & 0.00% & 21.19% & 68.59% \\ \hline$0 & $0 & $0 & $0 \\ \hline \end{tabular}Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started