Homework Answers
Date of record is comes between the date of declaration and date of payment.
Date of declaration : - is the date on which company recognise the dividend expense
Date of Record : is the date on which company will determine which stockholders receive the dividend. i.e. establishing who will receive the dividend payment.
Date of Payment:- is the date on which company pays dividend to the stockholders who establish on the date on record.
On the date of record for a dividend, the company?
Answer: Establishes who will receive the dividend payment.
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On the date of record for a dividend, the company: Multiple Choice debits Dividends and credits...
the payment date for a dividend is the date on which the company: 10. The payment...
the payment date for a dividend is the date on which the
company:
10. The payment date for a dividend is the date on which the company: A) debits Dividends Declared and credits Dividends Payable for the amount of the dividend. B) debits Dividend Expense and credits Cash for the dividend amount. C) debits Dividends Payable and credits Cash for the dividend amount. D) establishes who will receive the dividend payment.
Which of the following statements is correct? Multiple Choice There are almost always small differences between...
Which of the following statements is correct? Multiple Choice There are almost always small differences between the stated rate and the market rate when bonds are issued. The market rate of interest has no bearing on the selling price of the bonds. If the stated rate of interest on a bond is equal to the market rate of interest, then the bond will sell at a premium price. ooo The market rate of interest refers to the interest rate that...
Entries for Cash Dividends The declaration, record, and payment dates in connection with a cash dividend...
Entries for Cash Dividends The declaration, record, and payment dates in connection with a cash dividend of $375,000 on a corporation's common stock are October 1, November 7, and December 15. Journalize the entries required on each date. If no entry is required, choose "No Entry Required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank Oct. 1 Cash Dividends 335,000 X Cash Dividends Payable 335.000 X Nov. 7 0 No...
"Posting" journal entries is required in order to: Multiple Choice ensure that debits equal credits in...
"Posting" journal entries is required in order to: Multiple Choice ensure that debits equal credits in the trial balance. provide a chronological record of all economic events affecting the firm. ensure that all accounts are up to date prior to preparing financial statements. reflect the information in journal entries in ledger accounts. Which of the choices below was the first private sector entity to set accounting standards in the United States? Multiple Choice AICPA . Committee on Accounting Procedure. Accounting...
July 15 Declared a cash dividend payable to common stockholders of $164,000. Aug. 15 Date of...
July 15 Declared a cash dividend payable to common stockholders of $164,000. Aug. 15 Date of record is August 15 for the cash dividend declared on July 15. Aug. 31 Paid the dividend declared on July 15 Prepare journal entries to record the above transactions for Emerson Corporation. Record the declaration of a cash dividend payable to common stockholders. Note: Enter debits before credits. Date General Journal Debit Credit Jul 15 Record the date of record for the cash dividend....
Entries for Cash Dividends The declaration, record, and payment dates in connection with a cash dividend...
Entries for Cash Dividends The declaration, record, and payment dates in connection with a cash dividend of $81,700 on a corporation's common stock are January 12, March 13, and April 12. If no entry is required, select "No Entry Required and leave the amount boxes blank Jan. 12 Cash Dividends Cash Dividends Payable Mar. 13 No Entry Required 100 No Entry Required Apr. 12 Cash Dividends Payable Cash & Check My W When the dividend is declared is it also...
On the date of record for a dividend, the company O disburses dividend payments to stockholders...
On the date of record for a dividend, the company O disburses dividend payments to stockholders on that date O records the dividend payable amount on that date O determines who owns the shares of stock on that date issues new shares of stock on that date
required journal entries: 1. record the declaration of cash dividends. 2. record the entry on the...
required journal entries:
1. record the declaration of cash dividends.
2. record the entry on the date of record.
3. Record the payment of cash dividends.
On March 15, American Eagle declares a quarterly cash dividend of $0.095 per share payable on April 13 to all stockholders of record on March 30. Required: Record American Eagle's declaration and payment of cash dividends for its 216 million shares. (If no entry is E required for a particular transaction/event, select "No Journal...
Requirement 1. Journalize the transactions for the company. (Record debits first, then credits. Select explanations on...
Requirement 1. Journalize the transactions for the company. (Record debits first, then credits. Select explanations on the last line of the journal entry.) Oct. 1, 2018: Purchased equipment costing $80,000 by issuing a five-year, 8% note payable. The note requires annual principal payments of $16,000 plus interest each October 1. Accounts and Explanation Credit Date Debit 2018 Equipment 80,000 Oct. 1 Notes Payable 80,000 Purchased equipment by issuing a 5-year, 8% note. Dec 31, 2018: Accrued interest on the note...
A liability for dividends exists: Multiple Choice When cumulative preferred stock is sold. On the date...
A liability for dividends exists: Multiple Choice When cumulative preferred stock is sold. On the date of declaration. On the date of record. On the date of payment. For dividends in arrears on cumulative preferred stock.
the payment date for a dividend is the date on which the
company:
10. The payment date for a dividend is the date on which the company: A) debits Dividends Declared and credits Dividends Payable for the amount of the dividend. B) debits Dividend Expense and credits Cash for the dividend amount. C) debits Dividends Payable and credits Cash for the dividend amount. D) establishes who will receive the dividend payment.
Which of the following statements is correct? Multiple Choice There are almost always small differences between the stated rate and the market rate when bonds are issued. The market rate of interest has no bearing on the selling price of the bonds. If the stated rate of interest on a bond is equal to the market rate of interest, then the bond will sell at a premium price. ooo The market rate of interest refers to the interest rate that...
Entries for Cash Dividends The declaration, record, and payment dates in connection with a cash dividend of $375,000 on a corporation's common stock are October 1, November 7, and December 15. Journalize the entries required on each date. If no entry is required, choose "No Entry Required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank Oct. 1 Cash Dividends 335,000 X Cash Dividends Payable 335.000 X Nov. 7 0 No...
"Posting" journal entries is required in order to: Multiple Choice ensure that debits equal credits in the trial balance. provide a chronological record of all economic events affecting the firm. ensure that all accounts are up to date prior to preparing financial statements. reflect the information in journal entries in ledger accounts. Which of the choices below was the first private sector entity to set accounting standards in the United States? Multiple Choice AICPA . Committee on Accounting Procedure. Accounting...
Entries for Cash Dividends The declaration, record, and payment dates in connection with a cash dividend of $81,700 on a corporation's common stock are January 12, March 13, and April 12. If no entry is required, select "No Entry Required and leave the amount boxes blank Jan. 12 Cash Dividends Cash Dividends Payable Mar. 13 No Entry Required 100 No Entry Required Apr. 12 Cash Dividends Payable Cash & Check My W When the dividend is declared is it also...
On the date of record for a dividend, the company O disburses dividend payments to stockholders on that date O records the dividend payable amount on that date O determines who owns the shares of stock on that date issues new shares of stock on that date
required journal entries:
1. record the declaration of cash dividends.
2. record the entry on the date of record.
3. Record the payment of cash dividends.
On March 15, American Eagle declares a quarterly cash dividend of $0.095 per share payable on April 13 to all stockholders of record on March 30. Required: Record American Eagle's declaration and payment of cash dividends for its 216 million shares. (If no entry is E required for a particular transaction/event, select "No Journal...
Requirement 1. Journalize the transactions for the company. (Record debits first, then credits. Select explanations on the last line of the journal entry.) Oct. 1, 2018: Purchased equipment costing $80,000 by issuing a five-year, 8% note payable. The note requires annual principal payments of $16,000 plus interest each October 1. Accounts and Explanation Credit Date Debit 2018 Equipment 80,000 Oct. 1 Notes Payable 80,000 Purchased equipment by issuing a 5-year, 8% note. Dec 31, 2018: Accrued interest on the note...
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