8.4
Net decrease in total assets during 2011-----------(-74,800)------Liability
Net increase in accounts receivable in 2011-------(17,200)------Asset
Dividends declared and paid in 2011---------------(-67,200)------Liability
Proceeds from issuance of bonds during 2011-----(176,800)-----Asset
Net loss for the year ended December 31, 2011--(-46,000)------Liability
______________________________________________________
Retained Earnings, December 31, 2011-------------490,400

Retained earnings from December 31, 2010 are 484,400

8.6
a) = (2,600,000)/400,000 = 6.5 $


b) Common stock, 1$ par value, 2,000,000 shares authorized, 400,000shares issued, and 360,000 shares outstanding..................$2,600,000


c)= 0.60 x 360,000 = 216,000 $


d) It is likely that the company has repurchased its shares and retired them.

8.10
a. Annual dividend per share= $3.25
b. Preferred dividends= $3,900
Common dividends= $4,500
Total dividends received= $8,400

Exercise 8.18
a. 800 shares after the stock split
b. Dividend income before the stock split= $3,600
$4.50 per share
c. 33 1/3% stock dividend would accomplish the same

Problem 8.22
a.
Dr. Treasury stock- 330,000 Cr. Cash 330,000
b. Shares outstanding at beginning of year 574,600 shares purchased for treasury in first quarter (4,400)
Shares outstanding during second quarter 570,200
Cash dividend per share *1.20
Dividend paid at the end of second quarter $684,240
c.
assets=liabilities+owners equity<-net income=revenues-expenses cash Treasury stock
+117,000 +105,000 additional paid in capital +12,600 d shares outstanding second quarter 570,200 treasury shares sold in third quarter 1,400 shares outstanding in fourth quarter 571,600 cash dividend per share *1.20 dividend paid at the end of fourth quarter 685,920

e