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Unformatted text preview: income as dividends to shareholders. Assume that this payment is taken from their cash balance. Net income does not change! Dividends do not change net income! ( ) ( ) ( ) e tentionRat NetIncome o PayoutRati NetIncome E R AdditionTo Re 1 ) ( . . − ⋅ = ⋅ = Balance Sheet for UberComputer.Com as of December 31, 2002 Assets Liabilities Cash $ 340.00 Accounts Payable $ 75.00 Accounts Receivable $ 315.00 Short Term Debt $ 100.00 Inventory $ 325.00 Total Short Term Liabilities $ 175.00 Total Current Assets $ 980.00 Long Term Debt $ 500.00 Property, Plant, and Equipment $ 375.00 Less Accumulated Depreciation $ (125.00) Total Liabilities $ 675.00 Total Fixed Assets $ 250.00 Equity Total Assets $ 1,230.00 Common Stock $ 120.00 Retained Earnings $ 435.00 Total Equity $ 555.00 Total L + E $ 1,230.00 © 2003 Brian J. Henderson & Joseph M. Marks...
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- Fall '09
- Balance Sheet, Generally Accepted Accounting Principles, Assets Total Assets, Balance Sheet solutions, Brian J. Henderson