Homework Answers
Dividend is declared, retained earnings in shareholders equity is reduced and dividend payable under liabilities is increased.
It decrease the stockholders’ equity and increases liabilities.
3rd option.
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Adler Company declared a cash dividend of $1.00 per share on 20,000 shares of common stock...
nnect Homework: Chapter 11 2 Purchased 5,000 shares of its own stock at $25 cash per...
nnect Homework: Chapter 11 2 Purchased 5,000 shares of its own stock at $25 cash per share. 5 Directors declared a $2 per share cash dividend payable on February 28 to the February 5 Jan Jan stockholders of record. 28 Paid the dividend declared on January 5 6 Sold 1,875 of its treasury shares at $29 cash per share 22 Sold 3,125 of its treasury shares at $22 cash per share. Feb July Aug. Sept. 5 Directors declared 15 points...
Splish Inc. declared a cash dividend of $2.15 per share on its 4 million outstanding shares....
Splish Inc. declared a cash dividend of $2.15 per share on its 4 million outstanding shares. The dividend was declared on August 1, payable on September 9 to all stockholders of record on August 15. Prepare all journal entries necessary on those three dates. (Enter answers in dollars. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry"for the account titles and enter O for the amounts.) Date...
1. 2. 3. 4. February 1 Issues 4,200 shares of no-par common stock for $15 per...
1.
2.
3.
4.
February 1 Issues 4,200 shares of no-par common stock for $15 per share. May 15 Issues 200 shares of $10 par value, 3.5% preferred stock for $12 per share. October 1 Declares a cash dividend of $0.35 per share to all stockholders of record (both common and preferred) on October 15. October 15 Date of record. October 31 Pays the cash dividend declared on October 1. Journal entry worksheet 2 3 4 5 Record the issuance...
Hubbard Company issued 500,000 shares of common stock, $4 par, for $25 cash per share on...
Hubbard Company issued 500,000 shares of common stock, $4 par, for $25 cash per share on March 31, 20X1. Prepare the journal entry. Hubbard Company declared and paid a cash dividend of $1 per share on March 31, 20X2. Prepare the journal entry. Assume only the 500,000 shares from requirement 1 are outstanding. Hubbard Company had retained earnings of $10 million by March 31, 20X5. The market value of the common shares was $50 each. A common stock dividend of...
7 entries required: 1. Record the issuance of 120,000 shares of common stock for $62 per share. 2. Record the issuance...
7 entries required:
1. Record the issuance of 120,000 shares of common stock for $62
per share.
2. Record the issuance of 52,000 shares of preferred stock for
$13 per share.
3. Record the purchase of 12,000 shares of its own common stock
for $52 per share.
4. Record the resell of 6,000 shares of treasury stock for $57
per share.
5. Record the declaration of a cash dividend on its common stock
of $0.60 per share and a $20,800...
Ayayal Corp. has 7,100 shares of common stock outstanding, it declares a $1 per share cash...
Ayayal Corp. has 7,100 shares of common stock outstanding, it declares a $1 per share cash dividend on November 1 to stockholders of record on December 1. The dividend is paid on December 31. Prepare a tabular summary to record the declaration and payment of the cash dividend. Of a transaction causes a decrease in Assets, Liabilities or Stockholders Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Lobility or Equity item...
The board of directors declared a $2 per share cash dividend on common stock and the...
The board of directors declared a $2 per share cash dividend on common stock and the corporation had 5,000 shares authorized and 4,000 shares outstanding and make a journal entry. The journal entry for the dividend payment would be
Exercise 11-12 Earnings per share LO A1 Ecker Company reports $1,575,000 of net income and declares...
Exercise 11-12 Earnings per share LO A1 Ecker Company reports $1,575,000 of net income and declares $220,500 of cash dividends on its preferred stock for the year. At year-end, the company had 300,000 weighted average shares of common stock. 1. What amount of net income is available to common stockholders? 2. What is the company's basic EPS? Complete this question by entering your answers in the tabs below. Required 1 Required 2 What amount of net income is available to...
Connect Homework: Chapter 11i 5 2 Purchased 5,000 shares of its own stock at $25 cash...
Connect Homework: Chapter 11i 5 2 Purchased 5,000 shares of its own stock at $25 cash per share 5 Directors declared a $2 per share cash dividend payable on February 28 to the February 5 stockholders of record. Jan Jan 28 Paid the dividend declared on January 5. 6 Sold 1,875 of its treasury shares at $29 cash per share 22 Sold 3,125 of its treasury shares at $22 cash per share 5 Directors declared a $2 per share cash...
Marigold Corp. has 7,800 shares of common stock outstanding. It declares a $1 per share cash...
Marigold Corp. has 7,800 shares of common
stock outstanding. It declares a $1 per share cash dividend on
November 1 to stockholders of record on December 1. The dividend is
paid on December 31.
Brief Exercise 8-16 Your answer is partially correct. Try again. Marigold Corp. has 7,800 shares of common stock outstanding. It declares a $1 per share cash dividend on November 1 to stockholders of record on December 1. The dividend is paid on December 31. Prepare a...
nnect Homework: Chapter 11 2 Purchased 5,000 shares of its own stock at $25 cash per share. 5 Directors declared a $2 per share cash dividend payable on February 28 to the February 5 Jan Jan stockholders of record. 28 Paid the dividend declared on January 5 6 Sold 1,875 of its treasury shares at $29 cash per share 22 Sold 3,125 of its treasury shares at $22 cash per share. Feb July Aug. Sept. 5 Directors declared 15 points...
Splish Inc. declared a cash dividend of $2.15 per share on its 4 million outstanding shares. The dividend was declared on August 1, payable on September 9 to all stockholders of record on August 15. Prepare all journal entries necessary on those three dates. (Enter answers in dollars. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry"for the account titles and enter O for the amounts.) Date...
1.
2.
3.
4.
February 1 Issues 4,200 shares of no-par common stock for $15 per share. May 15 Issues 200 shares of $10 par value, 3.5% preferred stock for $12 per share. October 1 Declares a cash dividend of $0.35 per share to all stockholders of record (both common and preferred) on October 15. October 15 Date of record. October 31 Pays the cash dividend declared on October 1. Journal entry worksheet 2 3 4 5 Record the issuance...
7 entries required:
1. Record the issuance of 120,000 shares of common stock for $62
per share.
2. Record the issuance of 52,000 shares of preferred stock for
$13 per share.
3. Record the purchase of 12,000 shares of its own common stock
for $52 per share.
4. Record the resell of 6,000 shares of treasury stock for $57
per share.
5. Record the declaration of a cash dividend on its common stock
of $0.60 per share and a $20,800...
Ayayal Corp. has 7,100 shares of common stock outstanding, it declares a $1 per share cash dividend on November 1 to stockholders of record on December 1. The dividend is paid on December 31. Prepare a tabular summary to record the declaration and payment of the cash dividend. Of a transaction causes a decrease in Assets, Liabilities or Stockholders Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Lobility or Equity item...
Exercise 11-12 Earnings per share LO A1 Ecker Company reports $1,575,000 of net income and declares $220,500 of cash dividends on its preferred stock for the year. At year-end, the company had 300,000 weighted average shares of common stock. 1. What amount of net income is available to common stockholders? 2. What is the company's basic EPS? Complete this question by entering your answers in the tabs below. Required 1 Required 2 What amount of net income is available to...
Connect Homework: Chapter 11i 5 2 Purchased 5,000 shares of its own stock at $25 cash per share 5 Directors declared a $2 per share cash dividend payable on February 28 to the February 5 stockholders of record. Jan Jan 28 Paid the dividend declared on January 5. 6 Sold 1,875 of its treasury shares at $29 cash per share 22 Sold 3,125 of its treasury shares at $22 cash per share 5 Directors declared a $2 per share cash...
Marigold Corp. has 7,800 shares of common
stock outstanding. It declares a $1 per share cash dividend on
November 1 to stockholders of record on December 1. The dividend is
paid on December 31.
Brief Exercise 8-16 Your answer is partially correct. Try again. Marigold Corp. has 7,800 shares of common stock outstanding. It declares a $1 per share cash dividend on November 1 to stockholders of record on December 1. The dividend is paid on December 31. Prepare a...
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