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On January 1, 2016, the following information was drawn from the accounting records of Carter Company cash of $550, land of $2,850, notes payable of
On January 1, 2016, the following information was drawn from the accounting records of Carter Company cash of $550, land of $2,850, notes payable of $850, and common stock of $1,870 Required a. Determine the amount of retained earnings as of January 1, 2016 ount of retained b. After looking at the amount of retained earnings, the chief executive officer (CEO) wants to pay a $650 cash dividend to the stockholders. Can the company pay this dividend? O Yes O No c. As of January 1,2016, what percent of the assets were acquired from creditors? (Round your answer to 1 decimal place.) Percent of assets acquired d. As of January 1,2016, what percent of the assets were acquired from investors? (Round your answer to 1 decimal place.) Percent of assets acquired e. As of January 1,2016, what percent of the assets were acquired from retained earnings? (Round your answer to 1 decimal place.) Percent of assets acquired ) Type here to search On January 1, 2016, the following information was drawn from the accounting records of Carter Company cash of $550, land of $2,850, notes payable of $850, and common stock of $1,870 Required a. Determine the amount of retained earnings as of January 1, 2016 ount of retained b. After looking at the amount of retained earnings, the chief executive officer (CEO) wants to pay a $650 cash dividend to the stockholders. Can the company pay this dividend? O Yes O No c. As of January 1,2016, what percent of the assets were acquired from creditors? (Round your answer to 1 decimal place.) Percent of assets acquired d. As of January 1,2016, what percent of the assets were acquired from investors? (Round your answer to 1 decimal place.) Percent of assets acquired e. As of January 1,2016, what percent of the assets were acquired from retained earnings? (Round your answer to 1 decimal place.) Percent of assets acquired ) Type here to search
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