Use the information for Hampton Inc. for the year ending December 31, 2009 that follows to answer questions 25 through 28.
The following are relevant account balances from Hampton's comparative balance sheet and 2009 income statement. Hampton's balance sheets:
Other information:
No equipment was sold or retired during 2009. Hampton's net income for 2009 was $33,000.
-Calculate the amount of dividends paid during 2009.
Definitions:
Fill Orders
The process by which companies prepare and deliver products or services as requested by customers in purchase orders.
External Failure Cost
Costs incurred when products fail to meet quality standards after being delivered to the customer, including returns, repairs, and warranties.
Quality Cost Report
A document or set of data analyzing the costs associated with ensuring the quality of products or services, including prevention, appraisal, and failure costs.
External Failure Cost
Costs incurred when a product fails to meet quality standards after being delivered to customers, including returns, repairs, and warranty claims.
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