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ACC 545 Week 5 Individual Assignment Lee Corporation
Equity Scenario
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ACC 545 Week 5 Individual Assignment Lee Corporation Equity
Scenario
Review the following information:
Lee Corporation, a U.S. company, began operations on January 1,
2004.
During its first 3 years of operations, Lee reported net income and
declared dividends as follows.
Net income
Dividends declared
2004 $ 40,000 $ –0–
2005 125,000 50,000
2006 160,000 50,000
The following information relates to 2007: