Homework Answers
Ans. Option 1st
Explanation: The declaration of stock dividends can not be considered as liability. This is so, because the board of directors can cancel the stock dividends any time before issuing this type of dividends.
There is no any change to total owners equity because retained earnings decreases and common stock increases by the issuance of stock dividends.
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Which of the following statements concerning stock dividends is correct? Multiple Choice The declaration of a...
journal Cash dividends involve three events. On the date of declaration, the directors bind the company...
journal
Cash dividends involve three events. On the date of declaration, the directors bind the company to pay the dividend. A dividend declaration reduces retained earnings and creates a current liability. On the date of record, recipients of the dividend are identified. On the date of payment, cash is paid to stockholders and the current liability is removed. Neither a stock dividend nor a stock split alters company value. However, the value of each share is less due to the...
Cash dividends involve three events. On the date of declaration, the directors bind the company to pay the dividen...
Cash dividends involve three events. On the date of declaration, the directors bind the company to pay the dividend. A dividend declaration reduces retained earnings and creates a current liability. On the date of record, recipients of the dividend are identified. On the date of payment, cash is paid to stockholders and the current liability is removed. Neither a stock dividend nor a stock split alters company value. However, the value of each share is less due to the distribution...
Entries for Stock Dividends Healthy Life Co. is an HMO for businesses in the Fresno area....
Entries for Stock Dividends Healthy Life Co. is an HMO for businesses in the Fresno area. The following account balances appear on Healthy Life’s balance sheet: Common stock (400,000 shares authorized ; 5,000 shares issued), $100 par, $500,000; Paid-In Capital in excess of par—common stock, $100,000; and Retained earnings, $4,000,000. The board of directors declared a 1% stock dividend when the market price of the stock was $121 a share. Healthy Life reported no income or loss for the current...
Comparing Cash Dividends and Stock Dividends Weili Corporation has 80,000 shares of common stock outstanding with...
Comparing Cash Dividends and Stock Dividends Weili Corporation has 80,000 shares of common stock outstanding with a par value of $8. E11-24 LO11-4, 11-6, 11-9 Required: 1. Complete the table below for each of the two following independent cases: Case 1: The board of directors declared and issued a 40 percent stock dividend when the stock was selle ing at $25 per share. Case 2: The board of directors declared and paid a cash dividend of $2 per share. CHAPTER...
Entries for Stock Dividends Healthy Life Co. is an HMO for businesses in the Fresno area....
Entries for Stock Dividends Healthy Life Co. is an HMO for businesses in the Fresno area. The following account balances appear on Healthy Life’s balance sheet: Common stock (210,000 shares authorized ; 5,000 shares issued), $25 par, $125,000; Paid-In Capital in excess of par—common stock, $15,000; and Retained earnings, $1,375,000. The board of directors declared a 1% stock dividend when the market price of the stock was $32 a share. Healthy Life reported no income or loss for the current...
The board of directors of Capstone Inc. declared a $0.50 per share cash dividend on its...
The board of directors of Capstone Inc. declared a $0.50 per share cash dividend on its $2 par common stock. On the date of declaration, there were 49,000 shares authorized, 17,000 shares issued, and 6,000 shares held as treasury stock. -- What is the entry when the dividends are declared? 20:51 A. ,500 B. 5,500 Dividends 5 Dividends Payable Dividends Cash Dividends Dividends Payable Dividends555338 24,500 00 INIT 1- lulu ul ,500 Cash Multiple Choice
Entries for Stock Dividends Healthy Life Co. is an HMO for businesses in the Fresno area....
Entries for Stock Dividends Healthy Life Co. is an HMO for businesses in the Fresno area. The following account balances appear on Healthy Life's balance sheet: Common stock (420,000 shares authorized ; 4,000 shares issued), $125 par, $500,000; Paid-In Capital in excess of par-common stock, $100,000; and Retained earnings, $5,500,000. The board of directors declared a 1% stock dividend when the market price of the stock was $158 a share. Healthy Life reported no income or loss for the current...
Cash dividends involve three events. On the date of declaration, the directors bind the company to...
Cash dividends involve three events. On the date of declaration, the directors bind the company to pay the dividend. A dividend declaration reduces retained earnings and creates a current liability. On the date of record recipients of the dividend are identified. On the date of payment, cash is paid to stockholders and the current liability is removed. Neither a stock dividend nor a stock split alters company value. However, the value of each share is less due to the distribution...
Entries for Stock Dividends Senior ute Co. is an HMO for businesses in the Portland area....
Entries for Stock Dividends Senior ute Co. is an HMO for businesses in the Portland area. The following account balances appear on the balance sheet of Senior Co. Common stock (390,000 shares authorised; 3,000 shares issued) $50 par, $400,000; Pald-in Capital in excess of par- common stock, $80,000, and Retained earnings, $4,000,000. The board of directors declared a 2 stock dividend when the market price of the stock was $61 a share. Senior Life Co. reported no income or loss...
Entries for Stock Dividends Senior Life Co. is an HMO for businesses in the Portland area....
Entries for Stock Dividends Senior Life Co. is an HMO for businesses in the Portland area. The following account balances appear on the balance sheet of Senior Life Co.: Common stock (220,000 shares authorized; 7,000 shares issued), $125 par, $875,000; Paid-In Capital in excess of par common stock, $91,000; and Retained earnings, $7,000,000. The board of directors declared a 2% stock dividend when the market price of the stock was $154 a share. Senior Life Co. reported no income or...
journal
Cash dividends involve three events. On the date of declaration, the directors bind the company to pay the dividend. A dividend declaration reduces retained earnings and creates a current liability. On the date of record, recipients of the dividend are identified. On the date of payment, cash is paid to stockholders and the current liability is removed. Neither a stock dividend nor a stock split alters company value. However, the value of each share is less due to the...
Cash dividends involve three events. On the date of declaration, the directors bind the company to pay the dividend. A dividend declaration reduces retained earnings and creates a current liability. On the date of record, recipients of the dividend are identified. On the date of payment, cash is paid to stockholders and the current liability is removed. Neither a stock dividend nor a stock split alters company value. However, the value of each share is less due to the distribution...
Comparing Cash Dividends and Stock Dividends Weili Corporation has 80,000 shares of common stock outstanding with a par value of $8. E11-24 LO11-4, 11-6, 11-9 Required: 1. Complete the table below for each of the two following independent cases: Case 1: The board of directors declared and issued a 40 percent stock dividend when the stock was selle ing at $25 per share. Case 2: The board of directors declared and paid a cash dividend of $2 per share. CHAPTER...
The board of directors of Capstone Inc. declared a $0.50 per share cash dividend on its $2 par common stock. On the date of declaration, there were 49,000 shares authorized, 17,000 shares issued, and 6,000 shares held as treasury stock. -- What is the entry when the dividends are declared? 20:51 A. ,500 B. 5,500 Dividends 5 Dividends Payable Dividends Cash Dividends Dividends Payable Dividends555338 24,500 00 INIT 1- lulu ul ,500 Cash Multiple Choice
Entries for Stock Dividends Healthy Life Co. is an HMO for businesses in the Fresno area. The following account balances appear on Healthy Life's balance sheet: Common stock (420,000 shares authorized ; 4,000 shares issued), $125 par, $500,000; Paid-In Capital in excess of par-common stock, $100,000; and Retained earnings, $5,500,000. The board of directors declared a 1% stock dividend when the market price of the stock was $158 a share. Healthy Life reported no income or loss for the current...
Cash dividends involve three events. On the date of declaration, the directors bind the company to pay the dividend. A dividend declaration reduces retained earnings and creates a current liability. On the date of record recipients of the dividend are identified. On the date of payment, cash is paid to stockholders and the current liability is removed. Neither a stock dividend nor a stock split alters company value. However, the value of each share is less due to the distribution...
Entries for Stock Dividends Senior ute Co. is an HMO for businesses in the Portland area. The following account balances appear on the balance sheet of Senior Co. Common stock (390,000 shares authorised; 3,000 shares issued) $50 par, $400,000; Pald-in Capital in excess of par- common stock, $80,000, and Retained earnings, $4,000,000. The board of directors declared a 2 stock dividend when the market price of the stock was $61 a share. Senior Life Co. reported no income or loss...
Entries for Stock Dividends Senior Life Co. is an HMO for businesses in the Portland area. The following account balances appear on the balance sheet of Senior Life Co.: Common stock (220,000 shares authorized; 7,000 shares issued), $125 par, $875,000; Paid-In Capital in excess of par common stock, $91,000; and Retained earnings, $7,000,000. The board of directors declared a 2% stock dividend when the market price of the stock was $154 a share. Senior Life Co. reported no income or...
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