This paper circulates around the core theme of Prepare a statement of retained earnings for the year ended December 31, 2015, for Hayes Enterprises. (Note: Be sure to calculate and include the amount of cash dividends paid in 2015.) together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 99. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.
Statement of retained earnings Hayes Enterprises began 2015 with a
retained earnings balance of $928,000. During 2015, the firm earned
$377,000 after taxes. From this amount, preferred stockholders were paid
$47,000 in dividends. At year-end 2015, the firm’s retained earnings
totaled $1,048,000. The firm had 140,000 shares of common stock
outstanding during 2015.
a. Prepare a statement of retained earnings
for the year ended December 31, 2015, for Hayes Enterprises. (Note: Be
sure to calculate and include the amount of cash dividends paid in
2015.)
b. Calculate the firm’s 2015 earnings per share (EPS).
c. How large a per-share cash dividend did the firm pay on common stock during 2015?
