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QUESTION 1 Landry's has 10,000 common stock shares issued and outstanding, and retained earnings of $100,000. Landry's declares a $2 per share cash dividend on
QUESTION 1 Landry's has 10,000 common stock shares issued and outstanding, and retained earnings of $100,000. Landry's declares a $2 per share cash dividend on Dec. 28, 2019 to be paid on Feb. 15, 2020 to shareholders of record as of Jan. 20, 2020. What is Landry's balance of retained earnings after the dividend declaration? What is Landry's dividends payable liability on Dec. 31, 2019? 0 Assuming Landry reported net income of $32,000 for the fiscal quarter ended Dec. 31, 2019, what is Landry's balance of retained earnings after the dividend payment on Feb. 15, 2015
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