Kate purchased 500 shares of Fast Deliveries stock on Thursday, July 8th. Ted purchased 100 shares...
Kate purchased 500 shares of Fast Deliveries stock on Thursday, July 8th. Ted purchased 100 shares of Fast Deliveries stock on Friday, July 9th. Fast Deliveries declared a dividend on June 20th to shareholders of record on Monday July 12th and payable on August 1st. Which one of the following statements concerning the dividend paid on August 1st is correct given this information?
Homework Answers
Add Answer to:
Kate purchased 500 shares of Fast Deliveries stock on Thursday,
July 8th. Ted purchased 100 shares...
You purchased 200 shares of ABC stock on July 15th. On July 20th, you sold 100...
You purchased 200 shares of ABC stock on July 15th. On July 20th, you sold 100 shares and then on July 22nd you purchased your final 200 shares of ABC stock. The company declared a dividend of $1.10 a share on July 5th to holders of record on Thursday, July 22nd. The dividend is payable on July 31st How many shares of dividends will you receive for the 200 shares that purchased on July 15th? 200 OO Question 16 7.7...
6. You purchased 500 shares of ABC stock on May 8. On May 16, you purchased...
6. You purchased 500 shares of ABC stock on May 8. On May 16, you purchased another 200 shares and then on May 20 you purchased a final 100 shares of ABC stock. The company declared a dividend of $.94 a share on May 6 to holders of record on Friday, May 22. The dividend is payable on June 12. Assume it takes 2 business days to clear the transactions of ABC stock (i.e. T+2), how much dividend income will...
Beanbag Corporation has 30,000 shares of common stock outstanding. The following transactions relate to cash dividends...
Beanbag Corporation has 30,000 shares of common stock outstanding. The following transactions relate to cash dividends of beanbag corp. For the year ended Dec 21 2018. Prepare journal entries without explanations to record the following transactions. June 1 Declared cash dividend of $.70 per common share June 15 Compiled a list of individual shareholders eligible for the dividend declared on june 1st July 5 Paid the cash dividend of $.70 per common share Dec 1 Declared a cash dividend of...
Sunny Corporation purchased 500 shares of its own stock at $10 per share on January 1,...
Sunny Corporation purchased 500 shares of its own stock at $10 per share on January 1, 20XX. On April 15th, the company sold 100 shares at $11 per share. On June 20th the company sold another 100 shares at $8 per share. Record the journal entries required. (24 points) The following table shows the equity section at the beginning of the year. Common Stock – No state value $1,000,000 Additional Paid In Capital – Common Stock 5,000,000 Retained...
On July 1, 2021, Clearwater Inc. purchased 8,000 shares of the outstanding common stock of Mountain...
On July 1, 2021, Clearwater Inc. purchased 8,000 shares of the outstanding common stock of Mountain Corporation at a cost of $160,000. Mountain had 40,000 shares of outstanding common stock. The total book value and total fair value of Mountain’s individual net assets on July 1, 2021, are both $800,000. The total fair value of the 40,000 shares of Mountain’s common stock on December 31, 2021, is $860,000. Both companies have a January through December fiscal year. The following data...
Bird Inc. was organized and authorized to issue 5,000 shares of $100 par value, 9% preferred stock and 50,000 shares of...
Bird Inc. was organized and authorized to issue 5,000 shares of $100 par value, 9% preferred stock and 50,000 shares of no par, $5 stated value common stock on July 1, 2017. Stock related transactions for Bird Inc. are as follows: July 1 Issued 10,000 shares of common stock at $11 per share. July 1 Issued 500 shares of common stock at $11 per share for services rendered in connection with the organization of the company. July 2 Issued 1,000...
Aug. 15. Issued shares of stock for the stock dividend declared on July 5. Nov. 23....
Aug. 15. Issued shares of stock for the stock dividend declared on July 5. Nov. 23. Purchased 30,000 shares of treasury stock for $19 per share. Dec. 28. Declared a $0.10-per-share dividend on common stock. 31. Closed the two dividends accounts to Retained Earnings. Instructions 1. Enter the January 1 balances in T accounts for the stockholders' equity accounts listed. Also prepare T accounts for the following: Paid-In Capital from Sale of Treasury Stock; Stock Divi- dends Distributable; Stock Dividends;...
Splish Company was formed on July 1, 2018. It was authorized to issue 306,400 shares of...
Splish Company was formed on July 1, 2018. It was authorized to issue 306,400 shares of $10 par value common stock and 101,400 shares of 7% $25 par value, cumulative and nonparticipating preferred stock. Splish Company has a July 1-June 30 fiscal year. The following information relates to the stockholders' equity accounts of Splish Company. Common Stock Prior to the 2020-2021 fiscal year, Splish Company had 111,200 shares of outstanding common stock issued as follows. 1. 81,900 shares were issued...
On July 1, 2018 Tam Company purchased 3,000 shares of Del Company capital stock as a...
On July 1, 2018 Tam Company purchased 3,000 shares of Del Company capital stock as a temporary Investment (trading Securities at $66.50 per share plus a commission of $30. On July 15, a 5 per cent stock dividend was received. Tam received a cash dividend of $0.50 per share on August 12, 2018. On November 1, Tam sold all of the shares for $72.20 per share, less a commission of $30. Prepare entries to record all of these transactions in...
On July 1, 2018 Tam Company purchased 3,000 shares of Del Company capital stock as a...
On July 1, 2018 Tam Company purchased 3,000 shares of Del Company capital stock as a temporary Investment (trading Securities at $66.50 per share plus a commission of $30. On July 15, a 5 per cent stock dividend was received. Tam received a cash dividend of $0.50 per share on August 12, 2018. On November 1, Tam sold all of the shares for $72.20 per share, less a commission of $30. Prepare entries to record all of these transactions in...
You purchased 200 shares of ABC stock on July 15th. On July 20th, you sold 100 shares and then on July 22nd you purchased your final 200 shares of ABC stock. The company declared a dividend of $1.10 a share on July 5th to holders of record on Thursday, July 22nd. The dividend is payable on July 31st How many shares of dividends will you receive for the 200 shares that purchased on July 15th? 200 OO Question 16 7.7...
6. You purchased 500 shares of ABC stock on May 8. On May 16, you purchased another 200 shares and then on May 20 you purchased a final 100 shares of ABC stock. The company declared a dividend of $.94 a share on May 6 to holders of record on Friday, May 22. The dividend is payable on June 12. Assume it takes 2 business days to clear the transactions of ABC stock (i.e. T+2), how much dividend income will...
Aug. 15. Issued shares of stock for the stock dividend declared on July 5. Nov. 23. Purchased 30,000 shares of treasury stock for $19 per share. Dec. 28. Declared a $0.10-per-share dividend on common stock. 31. Closed the two dividends accounts to Retained Earnings. Instructions 1. Enter the January 1 balances in T accounts for the stockholders' equity accounts listed. Also prepare T accounts for the following: Paid-In Capital from Sale of Treasury Stock; Stock Divi- dends Distributable; Stock Dividends;...
Splish Company was formed on July 1, 2018. It was authorized to issue 306,400 shares of $10 par value common stock and 101,400 shares of 7% $25 par value, cumulative and nonparticipating preferred stock. Splish Company has a July 1-June 30 fiscal year. The following information relates to the stockholders' equity accounts of Splish Company. Common Stock Prior to the 2020-2021 fiscal year, Splish Company had 111,200 shares of outstanding common stock issued as follows. 1. 81,900 shares were issued...
On July 1, 2018 Tam Company purchased 3,000 shares of Del Company capital stock as a temporary Investment (trading Securities at $66.50 per share plus a commission of $30. On July 15, a 5 per cent stock dividend was received. Tam received a cash dividend of $0.50 per share on August 12, 2018. On November 1, Tam sold all of the shares for $72.20 per share, less a commission of $30. Prepare entries to record all of these transactions in...
On July 1, 2018 Tam Company purchased 3,000 shares of Del Company capital stock as a temporary Investment (trading Securities at $66.50 per share plus a commission of $30. On July 15, a 5 per cent stock dividend was received. Tam received a cash dividend of $0.50 per share on August 12, 2018. On November 1, Tam sold all of the shares for $72.20 per share, less a commission of $30. Prepare entries to record all of these transactions in...
Most questions answered within 3 hours.
-
Rice Products in Bangladesh
Business behavior is derived in large part from the basic cultural
environment...
asked 1 hour ago -
The following base sequence is found for a mRNA fragment from
wild-type E. coli: 5'- UAUCAGUAGAUAAUGUAACC-3'...
asked 1 hour ago -
For this exercise, round all regression parameters to three
decimal places.
One of the two tables...
asked 1 hour ago -
What is the 5% level of significance for mean = 3.60, standard
deviation = 0.94, and...
asked 2 hours ago -
Prior to beginning work on this discussion, please read the
article by Hayley Peterson, 15 Companies...
asked 2 hours ago -
Which pair of aqueous solutions, when mixed, will form a
precipitate?
A) NaNO3 and AgC2H3O2
B)...
asked 2 hours ago -
1-Write an algorithm to get two numbers from the user (as
inputs) and calculate the sum...
asked 6 hours ago -
Define white-collar crime. What is the difference between
offender and offense-based definitions of white-collar crime? What...
asked 6 hours ago -
Consider a reaction which is 1st order with respect to A and 1st
order with respect...
asked 6 hours ago -
c++
The length of the hypotenuse of a right-angled triangle is the
square root of the...
asked 7 hours ago -
When a metal rod is heated, not only its resistance but also its
length and cross‐sectional...
asked 7 hours ago -
write a c++ program that computes the L^1 - Norm of a given
vector (L^1 norm...
asked 7 hours ago