Unformatted text preview: journal entries above and Retained Earnings has a balance of $10,000. 5. How much is the legal capital? 6. How much is the paid in capital? 7. How much is the total shareholders equity? 8. How much is the maximum dividend allowed by law. 9. Do corporations usually pay the maximum dividend allowed by law? Why or why not? 10. Assuming dividends of $2,550 were declared and paid: A. How much would be paid to the preferred? 1. per share 2. in total B. How much would be paid to the common? 1. in total 2. per share...
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- Spring '09
- Cost Accounting, $6.00, $2,550