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explain Know how to calculate dividend received. Please refer to Table 4-5 for the following questions Table 4-3 Kash Accounts receivable Inventories Land Other fixed
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Know how to calculate dividend received. Please refer to Table 4-5 for the following questions Table 4-3 Kash Accounts receivable Inventories Land Other fixed assets Accumulated depreciation Total assets Yen Inc. Balance Sheet 2009 $9,000 12,000 9,000 20,000 16,000 (4,000 $61,00d 2010 $12,200 13,000 10,000 20,000 19,800 (5,000 $70,000 Accounts payable Long-term Bonds Common stock Retained eamings Liabilities & Equit: $11,000 24,000 14,000 12,000 $61,000 $12,000 24,000 14,000 20,000 $70,000 Yen Inc. Income Statement For the rear ended December 31, 2010 Sales $196,000 Cost of goods sold (140,000 Gross profit $56,000 Operating expenses (26,000 Depreciation EBIT 28,000 Interest exspense (2,000 EBT 26,000 Taces (9,000 Net Income $17,000 (2,000 95) Based on the information contained in Tables 4-5, what was the total amount of Yen's common stock dividend for 2010? A) $17,000 B) $12,800 $9,000 D) $8,000
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