A company’s board of directors' votes to declare a cash dividend of 75 cents from share...
A company’s board of directors' votes to declare a cash dividend of 75 cents from share of common stock. The company has 15,000 shares authorized, 10,000 issued, and 9500 shares outstanding. What is the total amount of the cash dividend
Homework Answers
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Total amount of cash dividend = outstanding shares * cash dividend per share = 9500 * 0.75 = $7,125 |
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A company’s board of directors' votes to declare a cash dividend
of 75 cents from share...
A company's board of directors votes to declare a cash dividend of $.95 per share of...
A company's board of directors votes to declare a cash dividend of $.95 per share of common stock. The company has 19,000 shares authorized, 14,000 issued, and 13,500 shares outstanding. The total amount of the cash dividend is: $26,125. $18,050. $17,050. $12,825. $13,300.
A company's board of directors votes to declare a cash dividend of $1.30 per share of...
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QUESTION 30 A company's board of directors votes to declare a cash dividend of $1.00 per...
QUESTION 30 A company's board of directors votes to declare a cash dividend of $1.00 per share on its 12.000 common shares outstanding. The journal entry to record the declaration of the cash dividend is
A company's board of directors votes to declare a cash dividend of $1.00 per share on its 12,000 common shares outstandi...
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The board of directors declared a $2 per share cash dividend on common stock and the corporation had 5,000 shares authorized and 4,000 shares outstanding and make a journal entry. The journal entry for the dividend payment would be
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
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...
Pacifica Papers Inc. needed to conserve cash, so instead of a cash dividend the board of...
Pacifica Papers Inc. needed to conserve cash, so instead of a
cash dividend the board of directors declared a 5% common share
dividend on June 30, 2020, distributable on July 15, 2020. Because
performance during 2020 was better than expected, the company’s
board of directors declared a $0.95 per share cash dividend on
November 15, 2020, payable on December 1, 2020, to shareholders of
record on November 30, 2020. The equity section of Pacifica’s
December 31, 2019, balance sheet showed:...
On February 5, 2018, Cinch Rental Corporation's board of directors declared a dividend of $0.10, to...
On February 5, 2018, Cinch Rental Corporation's board of directors declared a dividend of $0.10, to be paid on March 18, 2018, to the shareholders of record as of the close of business on March 9, 2018. Cinch has 3,500,000 shares of $0.01 par-value common stock authorized with 1,300,000 shares issued and outstanding. The company has no preferred stock. Record the declaration of the dividend and the payment of the dividend. Include the proper dates with each journal entry. (Record...
The common stock of Splish Inc. is currently selling at $125 per share. The directors wish...
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A company's board of directors votes to declare a cash dividend of $1.30 per share of common stock. The company has 26,000 shares authorized, 21000 Issued. and 20,500 shares outstanding. The total amount of the cash dividend is: 1 o $27,300. o $53,950. o $26,650. o $32 800. o $33,800.
QUESTION 30 A company's board of directors votes to declare a cash dividend of $1.00 per share on its 12.000 common shares outstanding. The journal entry to record the declaration of the cash dividend is
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
journal
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cash dividend the board of directors declared a 5% common share
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performance during 2020 was better than expected, the company’s
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