Find the best solutions to your problems with the help of IDNLearn.com. Find the answers you need quickly and accurately with help from our knowledgeable and dedicated community members.
Sagot :
Dividends must total $1,000 for the fiscal year that concluded on December 31, 2020.
dividends
= net income - retained profits at December 31, 2020 - retained earnings at December 31, 2019
= $10,000 + $3,000 - $12,000
= $1000
The Dividends issued must thus equal $1,000 for the fiscal year that concluded on December 31, 2020.
How to calculate dividends on a balance sheet?
It's simple to determine dividend payments from a company's financial statement. An investor just needs the net income for the current year and the retained earnings from the previous two years. The equation is as follows:
Payment of dividend on balance sheet = Prior year retained profits + Current year net income - Current year retained earnings.
To learn more about balance sheet from given link
https://brainly.com/question/13852831
#SPJ4
We are happy to have you as part of our community. Keep asking, answering, and sharing your insights. Together, we can create a valuable knowledge resource. Your questions deserve reliable answers. Thanks for visiting IDNLearn.com, and see you again soon for more helpful information.
