Question
The year-end 2020 balance sheet for Tom's Copy, Inc. lists common stock ($1.20 par value) of $143,800, capital surplus of $34,550 and retained earnings
The year-end 2020 balance sheet for Tom's Copy, Inc. lists common stock ($1.20 par value) of $143,800, capital surplus of $34,550 and retained earnings of $60,120. On the 2019 year-end balance sheet, Tom's Copy, Inc. lists retained earnings of $48,130 The firm's net income in 2020 was $237,300. No stock was issued or repurchased in 2020. What were dividends per share paid by the firm in 2020? Record your answer rounded to the nearest cent. Do not include a dollar sign or commas in your answer. For example, record $10.248976 as 10.25. Your Answer:
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Intermediate Accounting
Authors: James D. Stice, Earl K. Stice, Fred Skousen
17th Edition
032459237X, 978-0324592375
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