Superior has provided the following information for its recent year of operation: the common stock account balance at the beginning of the year was $10,000 and the year-end balance was $15,000. the additional paid-in capital account balance increased $2,600 during the year. the retained earnings balance at the beginning of the year was $65,000 and the year-end balance was $80,000. net income was $27,000. how much were superior's dividend declarations during its recent year of operation?

The $12,000 dividend declaration is made during its recent year of operation

Explanation:

In this question, we have to apply the formula which is shown below:

The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid

$80,000 = $65,000 + $27,000 - dividend paid

$80,000 = $92,000 - dividend paid

So, the dividend paid equals to

= $92,000 - $80,000

= $12,000

These items would be displayed in the retained earnings statement

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.