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Homework Answers
| September 18th, 2019 is the | Date of Declaration |
| November 21st, 2019 is the | Date of Record |
| December 12th, 2019 is the | Date of Payment |
.
Date of Declaration = The date on which dividend is declared by the Board of Director
Date of Record = The date used to determine which shareholders will get the dividend
Date of Payment = The date on which dividends will be paid.
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The first image is the original question, the rest are the answer choices for each box....
The first image is the original question, the rest are the
answer choices for each box.
Question 4 1.5 pts On September 18th, 2019 Microsoft Corp. announced that its board of directors declared a quarterly dividend of $0.51 per share, reflecting a 5 cent or 11% increase over the previous quarter's dividend. The dividend is payable Dec. 12, 2019, to shareholders of record on Nov. 21, 2019. Microsoft has 7.71B shares outstanding. What is the journal entry Microsoft records on...
Shopify sold 7.7m shares of no par common stock during its IPO for $28/share. The journal...
Shopify sold 7.7m shares of no par common stock during its IPO for $28/share. The journal entry to record the sale is: DR Cash $215.6m CR [Select] D Question 3 1.5 pts On September 18th, 2019 Microsoft Corp. announced that its board of directors declared a quarterly dividend of $0.51 per share, reflecting a 5 cent or 11% increase over the previous quarter's dividend. The dividend is payable Dec. 12, 2019, to shareholders of record on Nov. 21, 2019. September...
Question 4 1.5 pts On September 18th, 2019 Microsoft Corp. announced that its board of directors...
Question 4 1.5 pts On September 18th, 2019 Microsoft Corp. announced that its board of directors declared a quarterly dividend of $0.51 per share, reflecting a 5 cent or 11% increase over the previous quarter's dividend. The dividend is payable Dec. 12, 2019, to shareholders of record on Nov. 21, 2019. Microsoft has 7.71B shares outstanding. What is the journal entry Microsoft records on September 18th, 2019? [Select] What is the journal entry Microsoft records on November 21. 2019? [Select]...
Question 4 1.5 pts On September 18th, 2019 Microsoft Corp. announced that its board of directors...
Question 4 1.5 pts On September 18th, 2019 Microsoft Corp. announced that its board of directors declared a quarterly dividend of $0.51 per share, reflecting a 5 cent or 11% increase over the previous quarter's dividend. The dividend is payable Dec. 12, 2019, to shareholders of record on Nov. 21, 2019. Microsoft has 7.713 shares outstanding. What is the journal entry Microsoft records on September 18th, 2019? [Select) What is the journal entry Microsoft records on November 21, 2019? [Select]...
Following is a recent BusinessSoftware Corp. press release: REDMOND, Wash.—March 16, 2016 — BusinessSoftware Corp. today...
Following is a recent BusinessSoftware Corp. press release: REDMOND, Wash.—March 16, 2016 — BusinessSoftware Corp. today announced that its board of directors have declared a quarterly dividend of $0.20 per share. The dividend will be payable on June 9, 2016, to shareholders of record on May 19, 2016. The ex-dividend date will be May 17, 2016 Prepare the journal entries BusinessSoftware Corp. used to record the declaration and payment of the cash dividend for its 9,700 million shares. (If no...
On November 27, the board of directors of Beth Company declared a 5.60 per share dividend....
On November 27, the board of directors of Beth Company declared a 5.60 per share dividend. The dividend is payable to shareholders of record on December 7 on December 24. Beth has 25,500 shares of 1 par common stock outstanding at November 27 Journaline the entries needed on the declaration and payment dates. (Credit accountries are automatically indented when mount is entered. Do not inden manly. If no entry is required select "No Entry for the account bles and enter...
Question 3 A recent news story on 1 May 2019 reads as follows: The boards of...
Question 3 A recent news story on 1 May 2019 reads as follows: The boards of directors of Wisconsin Energy Corporation (NYSE WEC) and Wisconsin Electric Power Company today declared quarterly dividends ne Wisconsin Energy board of directors today declared a quarterly cash dividend of 42.25 cents a share on the company's common stock. The number of shares outstanding is 105.51 million. The dividend is payable on July 8, 2019 based on the shareholders in its books as on May...
Following is a recent BusinessSoftware Corp. press release: REDMOND, Wash-March 16, 2016-BusinessSoftware Corp. today announced that...
Following is a recent BusinessSoftware Corp. press release: REDMOND, Wash-March 16, 2016-BusinessSoftware Corp. today announced that its board of directors have declared a quarterly date will be May 17, 2016 Prepare the journal entries BusinessSoftware Corp. used to record the declaration and payment of the cash dividend for its 9,300 million shares, (If no entry is required for a transaction/event, select "No journal entry required" in the first account fleld. Enter your d of $0.16 per share. The dividend will...
($ in eees) $120,000 720,000 990,800 Common stock, 120 million shares at $1 par Paid-in capital-excess of par Retained earnings a. November 1, 2018, the board of directors declared a cash divid...
($ in eees) $120,000 720,000 990,800 Common stock, 120 million shares at $1 par Paid-in capital-excess of par Retained earnings a. November 1, 2018, the board of directors declared a cash dividend of $0.80 per share on its common shares, payable to shareholders of record November 15, to be paid December 1 b. On March 1, 2019, the board of directors declared a property dividend consisting of corporate bonds of Warner Corporation that Branch-Rickie was holding as an investment. The...
Listed below are the transactions that affected the shareholders' equity of Branch-Rickie Corporation during the period...
Listed below are the transactions that affected the shareholders' equity of Branch-Rickie Corporation during the period 2021-2023. At December 31, 2020, the corporation's accounts included: Common stock, 111 million shares at $1 par Paid-in capital-excess of par Retained earnings ($ in thousands) $111,000 666,000 900,000 a. November 1, 2021, the board of directors declared a cash dividend of $0.50 per share on its common shares, payable to shareholders of record November 15, to be paid December 1. b. On March...
The first image is the original question, the rest are the
answer choices for each box.
Question 4 1.5 pts On September 18th, 2019 Microsoft Corp. announced that its board of directors declared a quarterly dividend of $0.51 per share, reflecting a 5 cent or 11% increase over the previous quarter's dividend. The dividend is payable Dec. 12, 2019, to shareholders of record on Nov. 21, 2019. Microsoft has 7.71B shares outstanding. What is the journal entry Microsoft records on...
Shopify sold 7.7m shares of no par common stock during its IPO for $28/share. The journal entry to record the sale is: DR Cash $215.6m CR [Select] D Question 3 1.5 pts On September 18th, 2019 Microsoft Corp. announced that its board of directors declared a quarterly dividend of $0.51 per share, reflecting a 5 cent or 11% increase over the previous quarter's dividend. The dividend is payable Dec. 12, 2019, to shareholders of record on Nov. 21, 2019. September...
Question 4 1.5 pts On September 18th, 2019 Microsoft Corp. announced that its board of directors declared a quarterly dividend of $0.51 per share, reflecting a 5 cent or 11% increase over the previous quarter's dividend. The dividend is payable Dec. 12, 2019, to shareholders of record on Nov. 21, 2019. Microsoft has 7.71B shares outstanding. What is the journal entry Microsoft records on September 18th, 2019? [Select] What is the journal entry Microsoft records on November 21. 2019? [Select]...
Question 4 1.5 pts On September 18th, 2019 Microsoft Corp. announced that its board of directors declared a quarterly dividend of $0.51 per share, reflecting a 5 cent or 11% increase over the previous quarter's dividend. The dividend is payable Dec. 12, 2019, to shareholders of record on Nov. 21, 2019. Microsoft has 7.713 shares outstanding. What is the journal entry Microsoft records on September 18th, 2019? [Select) What is the journal entry Microsoft records on November 21, 2019? [Select]...
On November 27, the board of directors of Beth Company declared a 5.60 per share dividend. The dividend is payable to shareholders of record on December 7 on December 24. Beth has 25,500 shares of 1 par common stock outstanding at November 27 Journaline the entries needed on the declaration and payment dates. (Credit accountries are automatically indented when mount is entered. Do not inden manly. If no entry is required select "No Entry for the account bles and enter...
Question 3 A recent news story on 1 May 2019 reads as follows: The boards of directors of Wisconsin Energy Corporation (NYSE WEC) and Wisconsin Electric Power Company today declared quarterly dividends ne Wisconsin Energy board of directors today declared a quarterly cash dividend of 42.25 cents a share on the company's common stock. The number of shares outstanding is 105.51 million. The dividend is payable on July 8, 2019 based on the shareholders in its books as on May...
Following is a recent BusinessSoftware Corp. press release: REDMOND, Wash-March 16, 2016-BusinessSoftware Corp. today announced that its board of directors have declared a quarterly date will be May 17, 2016 Prepare the journal entries BusinessSoftware Corp. used to record the declaration and payment of the cash dividend for its 9,300 million shares, (If no entry is required for a transaction/event, select "No journal entry required" in the first account fleld. Enter your d of $0.16 per share. The dividend will...
($ in eees) $120,000 720,000 990,800 Common stock, 120 million shares at $1 par Paid-in capital-excess of par Retained earnings a. November 1, 2018, the board of directors declared a cash dividend of $0.80 per share on its common shares, payable to shareholders of record November 15, to be paid December 1 b. On March 1, 2019, the board of directors declared a property dividend consisting of corporate bonds of Warner Corporation that Branch-Rickie was holding as an investment. The...
Listed below are the transactions that affected the shareholders' equity of Branch-Rickie Corporation during the period 2021-2023. At December 31, 2020, the corporation's accounts included: Common stock, 111 million shares at $1 par Paid-in capital-excess of par Retained earnings ($ in thousands) $111,000 666,000 900,000 a. November 1, 2021, the board of directors declared a cash dividend of $0.50 per share on its common shares, payable to shareholders of record November 15, to be paid December 1. b. On March...
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