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    Anne Cleves Company

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    Dividends and Stockholders' Equity Section

    E15-18 (Dividends and Stockholders' Equity Section) Anne Cleves Company reported the following amounts in the stockholders' equity section of its December 31, 2006, balance sheet.

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    E15-18 (Dividends and Stockholders' Equity Section) Anne Cleves Company reported the following amounts in the stockholders' equity section of its December 31, 2006, balance sheet.

    Dividends Payable 60,000
    Cash 60,000
    (10 x 2000 + 2 x 20000 = 60000)

    Treasury Stock 68,000
    Cash 68,000
    (1,700 x 40 = ...

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