Bagwell's net income for the year ended december 31, year 2 was $193,000. information from bagwell's comparative balance sheets is given below. compute the cash paid for dividends during year 2. at december 31 year 2 year 1 common stock, $5 par value $ 508,000 $ 457,200 paid-in capital in excess of par 956,000 860,200 retained earnings 696,000 589,200

The cash paid for dividends during Year 2 is $86,200

Explanation:

For computing how much cash is paid for dividend during a year, first we have to compute the difference of retained earning. After that subtract the above balance from the second year net income amount.

In mathematically,

1. Difference in retained earnings = Year 2 balance - Year 1 balance

                                                       = $696,000 - $589,200

                                                       = $106,800

Now, cash dividend is equals to

=  Year 2 net income - Difference in retained earnings -

= $193,000 - $106,800

= $86,200

Hence, the cash paid for dividends during Year 2 is $86,200

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

your welcome leave a rate and a < 3