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Ch. 12 - Stockholders' EquityWorksheetSee all chapters
All Chapters
Ch. 1 - Introduction to Accounting
Ch. 2 - Transaction Analysis
Ch. 3 - Accrual Accounting Concepts
Ch. 4 - Merchandising Operations
Ch. 5 - Inventory
Ch. 6 - Internal Controls and Reporting Cash
Ch. 7 - Receivables and Investments
Ch. 8 - Long Lived Assets
Ch. 9 - Current Liabilities
Ch. 10 - Time Value of Money
Ch. 11 - Long Term Liabilities
Ch. 12 - Stockholders' Equity
Ch. 13 - Statement of Cash Flows
Ch. 14 - Financial Statement Analysis
Ch. 15 - GAAP vs IFRS
Characteristics of a Corporation
Shares Authorized, Issued, and Outstanding
Issuing Par Value Stock
Issuing No Par Value Stock
Issuing Common Stock for Assets or Services
Retained Earnings
Retained Earnings: Prior Period Adjustments
Preferred Stock
Treasury Stock
Dividends and Dividend Preferences
Stock Dividends
Stock Splits

Concept #1: Retained Earnings and the BASE Formula

Example #1: Retained Earnings and the BASE Formula

Practice: On January 1, 2018, XYZ Company had a balance of retained earnings of $420,000. During 2018, the company earned net income of $205,000 and also paid dividends. If the balance of retained earnings on December 31, 2018 was $340,000, how much was paid in dividends?