Lolgirl5862
08.02.2021 •
Business
Use the following information to answer this question.
Windswept, Inc. 2010 Income Statement ($ in millions)
Net sales $10,700
Less: Cost of goods sold 8,050
Less: Depreciation 380
Earnings before interest and taxes $2,270
Less: Interest paid 104
Taxable Income $2,166
Less: Taxes 650
Net income $1,516
Required:
What amount should be included in the financing section of the 2010 statement of cash flows for dividends paid?
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Ответ:
See below
Explanation:
The above is an incomplete question, however, from a similar question values of beginning retained earnings, ending retained earnings were given to compute the dividend paid.
Given that;
Beginning retained earnings = $700 million
Ending retained earnings = $450 million
Net income = $1,516 million
Closing retained earning = Beginning retained earning + Net income - Dividends paid
$450 = $700 + $1,516 - Dividends paid
$450 = $2,216 - Dividends paid
Dividends paid = $1,766
Ответ:
Employer share liability, even if he had no awareness of the incident and didn't actually serve the minor himself. Most states have "dram shop" laws which hold drinking establishments responsible if employers serve liquor to minors