CHECKLIST OF KEY FIGURES

Chapter 15 Corporations: Dividends, Retained Earnings, and Income Reporting

Page

Assignment

Check Figures

722
P15-1A
(a) Cash dividend decreases assets, retained earnings, and total shareholders' equity, $80,000
722
P15-2A
Ending retained earnings, $545,000
723
P15-3A
(c) Total shareholders' equity, $2,600,000
723
P15-4A
(c) Total shareholders' equity, $1,543,000
724
P15-5A

(b) Ending retained earnings, $2,590,000

(c) Total shareholders' equity, $7,030,000

724
P15-6A
(a) Net income, $126,000
724
P15-7A

(a) Net income, $192,000

(b) Ending retained earnings, $1,015,000

725
P15-8A
1999, Earnings per share, $2.98; Payout ratio, 19.6%
725
P15-1B
(a) 1. June 30 retained earnings balance, ($34,000); 2. June 30, number of shares issued balance, 248,000
726
P15-2B
(b) Total shareholders' equity, $610,000
726
P15-3B
(c) Total shareholders' equity, $2,436,000
727
P15-4B
(c) Total shareholders' equity, $2,248,500
727
P15-5B

(b) Ending retained earnings, $1,053,000

(c) Total shareholders' equity, $5,273,000

(e) 9.5 times

728
P15-6B

(a) Net income, $358,400

(b) Ending retained earnings, $715,400

728
P15-7B

Net income, $1,414,000

729
P15-8B
1999, Earnings per share, $1.46; Payout ratio, 94.8%
729
BYP15-1
(a) 49,170 shares issued
730
BYP15-3
(c) 1999 PE ratio before discontinued operations, 23.54 times; after discontinued operations, 26.59 times
731
BYP15-5

(b) Earnings per share, prior year, continuing operations, $3.12

(d) Ending retained earnings, $548.9 million