Homework Answers
| DR | Cash $215.6m |
| CR | Common stock $215.6m |
| September 18 th, 2019 is the date of declaration |
| November 21st, 2019 is the date of record |
| December 12, 2019 is the date of payment |
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Shopify sold 7.7m shares of no par common stock during its IPO for $28/share. The journal...
The first image is the original question, the other is the answer choices for the boxes....
The first image is the original question, the other is the
answer choices for the boxes.
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 18th, 2019 is the: [Select] November 21st, 2019 is the: [Select] December...
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]...
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...
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]...
Question 6 2.5 pts Microsoft purchases 250m of its own shares for $140/share. The journal entry...
Question 6 2.5 pts Microsoft purchases 250m of its own shares for $140/share. The journal entry to record the purchase is a: DR [Select] CR [Select] If Microsoft resells 100 shares of the Treasury stock for $145/share the journal to record the sale is: DR [Select] CR [Select] CR [Select ] [Select] Treasury Stock $500 PIC-Treasury Stock $14,000 Treasury Stock $14,500 PIC-Treasury Stock $500
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 September 15, 2018, the Scottie Company board of directors declared a 12% stock dividend on...
On September 15, 2018, the Scottie Company board of directors declared a 12% stock dividend on common shares. The shares are to be distributed on October 10, 2018, to shareholders of record on October 1, 2018. The market price per share on the date of declaration was $23.8 while the market price on the date of distribution was $25.8. The common stock has a par of $5 per share and there were 1,600,000 shares outstanding prior to the declaration of...
Supreme Water Sports has 12,000 shares of $3 par value common stock outstanding. Supreme distributes a...
Supreme Water Sports has 12,000 shares of $3 par value common stock outstanding. Supreme distributes a 15% stock dividend when the market value of its stock is $18 per share Read the requiremegts. Requirement 1. Journalize Supreme's declaration of the stock dividend on September 15 and distribution on September 30. (Record debits first, then credits. Select the explanation on the last line of the journal entry table) Start by journalizing the declaration of 1 0 Requirements Date Sep. 15 1....
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...
A s story on corporation (NYSE W The Wisconsin Ener on 19 April 2019 reads as...
A s story on corporation (NYSE W The Wisconsin Ener on 19 April 2019 reads as follows the boards of directors of Wisconsin Energy JYSE WEC) and Wisconsin Electric Power Company today declared quarterly dividends sin Energy board of directors today declared a quarterly cash dividend of 24 25 cents a share pany's common stock. The number of shares outstanding is 225.51 million. The dividend is on June 11, 2019 based on the shareholders in its books as on May...
The first image is the original question, the other is the
answer choices for the boxes.
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 18th, 2019 is the: [Select] November 21st, 2019 is the: [Select] December...
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]...
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...
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]...
Question 6 2.5 pts Microsoft purchases 250m of its own shares for $140/share. The journal entry to record the purchase is a: DR [Select] CR [Select] If Microsoft resells 100 shares of the Treasury stock for $145/share the journal to record the sale is: DR [Select] CR [Select] CR [Select ] [Select] Treasury Stock $500 PIC-Treasury Stock $14,000 Treasury Stock $14,500 PIC-Treasury Stock $500
On September 15, 2018, the Scottie Company board of directors declared a 12% stock dividend on common shares. The shares are to be distributed on October 10, 2018, to shareholders of record on October 1, 2018. The market price per share on the date of declaration was $23.8 while the market price on the date of distribution was $25.8. The common stock has a par of $5 per share and there were 1,600,000 shares outstanding prior to the declaration of...
Supreme Water Sports has 12,000 shares of $3 par value common stock outstanding. Supreme distributes a 15% stock dividend when the market value of its stock is $18 per share Read the requiremegts. Requirement 1. Journalize Supreme's declaration of the stock dividend on September 15 and distribution on September 30. (Record debits first, then credits. Select the explanation on the last line of the journal entry table) Start by journalizing the declaration of 1 0 Requirements Date Sep. 15 1....
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...
A s story on corporation (NYSE W The Wisconsin Ener on 19 April 2019 reads as follows the boards of directors of Wisconsin Energy JYSE WEC) and Wisconsin Electric Power Company today declared quarterly dividends sin Energy board of directors today declared a quarterly cash dividend of 24 25 cents a share pany's common stock. The number of shares outstanding is 225.51 million. The dividend is on June 11, 2019 based on the shareholders in its books as on May...
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