The shareholders' equity section of Time Company's comparative balance sheets for the years ended December 31, 2021 and 2020, reported the following data:
2021 2020
Common stock, $1 par per share $628 $608
Paid-in capital—excess of par 364 308
Retained earnings 644 608
During 2021, Time declared and paid cash dividends of $98 million. The company also declared and issued a small stock dividend. No other changes occurred in shares outstanding during 2021. What was Time's net income for 2021?
a. 36 million
b. 154 million
c. 210 million
d. 134 million
Answers: 2
Another question on Business
Business, 22.06.2019 16:30
Why is investing in a mutual fund less risky than investing in a particular company’s stock?
Answers: 3
Business, 23.06.2019 01:30
Which of the following is considered part of a country’s infrastructure?
Answers: 3
Business, 23.06.2019 03:00
What is the w-4 form used for? filing taxes with the federal government determining the amount of money an employee has paid out in taxes calculating how much tax should be withheld from a person’s paycheck calculating how much income was paid in the previous year
Answers: 1
Business, 23.06.2019 21:00
True or false: suppose that the hypothetical country of paddyland has a chronic scarcity of rice, its staple grain. this implies that if paddyland has a market economy, rice will be available only for a price.
Answers: 1
You know the right answer?
The shareholders' equity section of Time Company's comparative balance sheets for the years ended De...
Questions
English, 11.01.2021 04:30
Mathematics, 11.01.2021 04:30
Mathematics, 11.01.2021 04:30
Arts, 11.01.2021 04:30
Mathematics, 11.01.2021 04:30
Mathematics, 11.01.2021 04:30
Social Studies, 11.01.2021 04:30
Mathematics, 11.01.2021 04:30
Mathematics, 11.01.2021 04:30
