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How can i calculate cash dividends Exercise 1: If you know the following accounting information related to Riyadh Bank (Figures are in SR'000): 1. Beginning

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How can i calculate cash dividends
Exercise 1: If you know the following accounting information related to Riyadh Bank (Figures are in SR'000): 1. Beginning balance of: a. Common stock, par value SR50; 600,000 shares are authorized, issued and paid. b. Statutory reserve, SR7,000. c. General reserve, SR10,000. d. Retained earnings, SR20,000. 2. Net income, SR29,000. 3. Paid cash dividends, SR2 per share. 4. Transfer from R/E to statutory reserve, SR2,000. to general reserve, SR3,000. 5. Zakat, SR700. Required: 1. Prepare the statement of shareholders equity changes. 2. If Mr. Saif has 120 shares, then how much are his cash dividends

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