Homework Answers
Solution:
| Event | Assets | = | Liabilities | + | Stockholdre's Equity | ||||||||
| Retained Earnings | |||||||||||||
| Cash | + | Accounts receivables | = | Accounts Payable | + | Common stock | + | Revenue | - | Expenses | - | Dividends | |
| 1 | + | $23,000.00 | = | + | + | $23,000.00 | - | - | |||||
| 2 | $23,000.00 | + | -$23,000.00 | = | + | + | - | - | |||||
| 3 | + | = | $1,800.00 | + | + | - | $1,800.00 | - | |||||
| 4 | -$5,000.00 | + | = | + | + | - | - | $5,000.00 | |||||
Add Answer to:
3. The companyr 4. The company paid a dividend of $5,000 in cash to stockholders I...
If the Marifield Steel Fabrication Company earned $ 491,000in net income and paid a cash dividend...
If the Marifield Steel Fabrication Company earned $ 491,000in net income and paid a cash dividend of $ 292 ,000 to its stockholders, what are the firms earnings per share if the firm has 100,000 shares of stock outstanding?The companys earnings per share are If the Marifield Steel Fabrication Company earned $ 491,000in net income and paid a cash dividend of $ 292 ,000 to its stockholders, what are the firms earnings per share if the firm has 100,000 shares...
If the Johnson Steel Fabrication Company earned $477,000 in net income and paid a cash dividend...
If the Johnson Steel Fabrication Company earned $477,000 in net income and paid a cash dividend of $257,000 to its stockholders, what are the firm's earnings per share if the firm has 99,000 shares of stock outstanding? If the Johnson Steel Fabrication Company earned $477,000 in net income and paid a cash dividend of $257,000 to its stockholders, what are the firm's earnings per share if the firm has 99,000 shares of stock outstanding?
Can i get help solving allocating the cash dividend b/w preferred and common stockholders? A corporation...
Can i get help solving allocating the cash dividend b/w
preferred and common stockholders?
A corporation had the following outstanding stock when the company's board of directors declared a $175,000 cash dividend during the current year: Preferred stock. $75 par, 9%, 5,000 shares issued and outstanding Common stock, $20 par, 75,000 shares issued and outstanding Total 375.000 1,500,000 1.875,000 Allocate the cash dividend between the preferred and common stockholders assuming the preferred stock is cumulative and nonparticipating and the dividends...
If the Marifield Steel Fabrication Company earned $524,000 in net income and paid a cash dividend...
If the Marifield Steel Fabrication Company earned $524,000 in net income and paid a cash dividend of $320,000 to its stockholders, what are the firm's earnings per share if the firm as 100,000 shares of stock outstanding?
Mumford and Sons Corp. paid a dividend of $5,000 to its shareholders. How would this transaction...
Mumford and Sons Corp. paid a dividend of $5,000 to its shareholders. How would this transaction affect net income? Group of answer choices Decrease net income by $5,000 Increase stockholders’ equity by $5,000 and no effect on net income Increase net income by $5,000 Not enough information given to determine an answer No effect PreviousNext
Can you answer that for me and explain why? A corporation received a $5,000 cash dividend...
Can you answer that for me and explain why?
A corporation received a $5,000 cash dividend from stock held in an unrelated company. How would this transaction be recorded and what type of business activity would this be classified under? Debit dividend receivable $5,000, credit Dividend Revenue $5,000; Financing. Debit Cash $5,000, credit Dividend Revenue $5,000; Financing. Debit Cash $5,000, credit Dividend Revenue $5,000; Investing. Debit Cash $5,000, credit Dividend Revenue $5,000; Operating. None of the choices are correct.
9 and 10 9. Beatrice Company received $4,000 in cash revenues, paid cash expenses of $3,450,...
9 and 10
9. Beatrice Company received $4,000 in cash revenues, paid cash expenses of $3,450, and paid a cash dividend of $300 to its stockholders. It engaged in no other transactions during the period. Which of the following statements is true regarding the classification of these activities in Beatrice's Statement of Cash Flows? A. $4,000 received in cash revenues is a financing activity. B. $3,450 paid in cash expenses is an operating activity. C. $300 in cash paid for...
Sept. 1 5 7 Purchased supplies for $1,090 cash. Paid $480 cash dividend to stockholders. Received...
Sept. 1 5 7 Purchased supplies for $1,090 cash. Paid $480 cash dividend to stockholders. Received $6,200 down payment from customer for services to be provided in the future. Received $840 cash from a previously billed customer for payment of services provided in the prior month. Purchased equipment for $3,700 by paying $1,450 cash and issued a note payable for the balance. 16 22 Date Account Titles and Explanation Debit Credit db
Vancouver Company reports the following components of stockholders' equity on December 31, 2016 Common stock-$10 par...
Vancouver Company reports the following components of stockholders' equity on December 31, 2016 Common stock-$10 par value, 130,000 shares authorized, 50,000 shares issued and outstanding Paid-in capital in excess of par value, Retained earnings $500,000 75,000 common stock 410,000 $985,000 Total stockholders' equity In year 2017, the following transactions affected its stockholders' equity accounts. 1 Purchased 5,000 shares of its own stock at $23 cash per share Jan $2 per share cash dividend payable on February 28 to 5 Directors...
paid a cash dividend of $800 to shareholders. How do I journalize this? there is no...
paid a cash dividend of $800 to shareholders. How do I journalize this? there is no 'dividend expense' under the selection. What is an alternative for: Dividend expense $800 Cash $800 would it be under RE?
Can i get help solving allocating the cash dividend b/w
preferred and common stockholders?
A corporation had the following outstanding stock when the company's board of directors declared a $175,000 cash dividend during the current year: Preferred stock. $75 par, 9%, 5,000 shares issued and outstanding Common stock, $20 par, 75,000 shares issued and outstanding Total 375.000 1,500,000 1.875,000 Allocate the cash dividend between the preferred and common stockholders assuming the preferred stock is cumulative and nonparticipating and the dividends...
Can you answer that for me and explain why?
A corporation received a $5,000 cash dividend from stock held in an unrelated company. How would this transaction be recorded and what type of business activity would this be classified under? Debit dividend receivable $5,000, credit Dividend Revenue $5,000; Financing. Debit Cash $5,000, credit Dividend Revenue $5,000; Financing. Debit Cash $5,000, credit Dividend Revenue $5,000; Investing. Debit Cash $5,000, credit Dividend Revenue $5,000; Operating. None of the choices are correct.
9 and 10
9. Beatrice Company received $4,000 in cash revenues, paid cash expenses of $3,450, and paid a cash dividend of $300 to its stockholders. It engaged in no other transactions during the period. Which of the following statements is true regarding the classification of these activities in Beatrice's Statement of Cash Flows? A. $4,000 received in cash revenues is a financing activity. B. $3,450 paid in cash expenses is an operating activity. C. $300 in cash paid for...
Sept. 1 5 7 Purchased supplies for $1,090 cash. Paid $480 cash dividend to stockholders. Received $6,200 down payment from customer for services to be provided in the future. Received $840 cash from a previously billed customer for payment of services provided in the prior month. Purchased equipment for $3,700 by paying $1,450 cash and issued a note payable for the balance. 16 22 Date Account Titles and Explanation Debit Credit db
Vancouver Company reports the following components of stockholders' equity on December 31, 2016 Common stock-$10 par value, 130,000 shares authorized, 50,000 shares issued and outstanding Paid-in capital in excess of par value, Retained earnings $500,000 75,000 common stock 410,000 $985,000 Total stockholders' equity In year 2017, the following transactions affected its stockholders' equity accounts. 1 Purchased 5,000 shares of its own stock at $23 cash per share Jan $2 per share cash dividend payable on February 28 to 5 Directors...
Most questions answered within 3 hours.
-
Computer Programming II CS141(Java)
Mention the appropriate relationship between following
classes:
HOD–StaffMember
Car–Ferrari
Student-Address
BankAccount–FixedAccount
House-Building...
asked 1 hour ago -
Assume one of your finals has 50 questions on it, and
lucky for you, it's all...
asked 2 hours ago -
Rice Products in Bangladesh
Business behavior is derived in large part from the basic cultural
environment...
asked 4 hours ago -
The following base sequence is found for a mRNA fragment from
wild-type E. coli: 5'- UAUCAGUAGAUAAUGUAACC-3'...
asked 4 hours ago -
For this exercise, round all regression parameters to three
decimal places.
One of the two tables...
asked 5 hours ago -
What is the 5% level of significance for mean = 3.60, standard
deviation = 0.94, and...
asked 5 hours ago -
Prior to beginning work on this discussion, please read the
article by Hayley Peterson, 15 Companies...
asked 5 hours ago -
Which pair of aqueous solutions, when mixed, will form a
precipitate?
A) NaNO3 and AgC2H3O2
B)...
asked 5 hours ago -
1-Write an algorithm to get two numbers from the user (as
inputs) and calculate the sum...
asked 9 hours ago -
Define white-collar crime. What is the difference between
offender and offense-based definitions of white-collar crime? What...
asked 9 hours ago -
Consider a reaction which is 1st order with respect to A and 1st
order with respect...
asked 10 hours ago -
c++
The length of the hypotenuse of a right-angled triangle is the
square root of the...
asked 10 hours ago