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13. Assume Garrison Guitar Company declared a $0.28 per share cash dividend and that the company...
Help Save & Exit Hutter Corporation declared a $O 50 per share cash dvidend on its...
Help Save & Exit Hutter Corporation declared a $O 50 per share cash dvidend on its common shares. The company has 25,000 shares authorized, 12,000 shares issued, and 10,000 shares of common stock outstanding The journal entry to record the dividend declaration is Mutiple Choice Debit Common Diidends Payabile $5,000, credit Cash $5,000 Debit Retained Eamings $5,000, credit Common Dividends Payable $5,000 Debit Common Diridends Payable $6,000, credit Conh $6,000 Debit Retsined Eamings $6,000, credt Common Dividends Peyable $6,000 0...
Mapleleaf Industries declared a $0.75 per share cash dividend. The company has 120,000 shares authorized, 49,000...
Mapleleaf Industries declared a $0.75 per share cash dividend. The company has 120,000 shares authorized, 49,000 shares issued, and 46,000 shares of common stock outstanding. What is the journal entry to record the dividend declaration? Multiple Choice Ο O Debit Dividends Payable and credit Cash for $36,750 Ο Debit Dividends and credit Dividends Payable for $36.750, Ο Debit Dividends and credit Dividends Payable for $34.500 Ο O Debit Dividends Payable and credit Cash for $90.000 A company issued 8% preferred...
Mayan Company had net income of $33,580. The weighted-average common shares outstanding were 9,200. The company...
Mayan Company had net income of $33,580. The weighted-average common shares outstanding were 9,200. The company has no preferred stock. The company's earnings per share is: Multiple Choice $5.00 $3.71. $3.59 $1.39. $3.65 Authorized shares 28,000 Issued shares 23,000 7,500 Treasury shares The number of outstanding shares is: Multiple Choice 28,000. 35,500 23,000. 20,500. Hutter Corporation declared a $0.50 per share cash dividend on its common shares. The company has 24,000 shares authorized 11,400 shares issued, and 9,600 shares of...
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
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:...
A company's board of directors votes to declare a cash dividend of $1.00 per share on its 12,000 common shares outstandi...
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: Debit Common Dividend Payable $12,000; credit Cash $12,000. Debit Dividend Expense $12,000; credit Common Dividend Payable $12,000. Debit Common Dividend Payable $12,000; credit Retained Earnings $12,000. Debit Dividend Expense $12,000; credit Cash $12,000. Debit Retained Earnings $12,000; credit Common Dividend Payable $12,000
Gammon, Inc., declared dividends during the current year as follows. The current year’s cash dividend on...
Gammon, Inc., declared dividends during the current year as follows. The current year’s cash dividend on the 6 percent, $100 par value preferred stock. 100,000 shares were outstanding at the time of the declaration. A cash dividend of $0.75 per share on the $10 par value common stock. 750,000 shares were outstanding at the time of the declaration. Prepare the general journal entries to record the declaration and payment of these dividends, assuming the declaration is recorded directly to retained...
On September 15, 2020, the Board of Directors of Tamarisk Company declared a 90¢ per share...
On September 15, 2020, the Board of Directors of Tamarisk
Company declared a 90¢ per share cash dividend, payable on October
31 to shareholders of record as of October 1. On the date of
declaration, Tamarisk Company had 205,000 common shares
outstanding, of which 27,000 were held in Treasury. On October 15,
2020, the company issued an additional 60,000 common shares for
$6.00 each.
Prepare all the required journal entries to record these
transactions. (Credit account titles are automatically
indented...
Exercise 10-56 (Algorithmic) Cash Dividends on Common Shares Wildebeest Corp. is authorized to issue an unlimited...
Exercise 10-56 (Algorithmic) Cash Dividends on Common Shares Wildebeest Corp. is authorized to issue an unlimited number of common shares. At the beginning of 2018, Wildebeest had 318,800 issued and outstanding shares. On July 2, 2018, Widebeest repurchased 1,310 shares of common shares. On March 1 and September 1, Wildebeest declared a cash dividend of $1.10 per share. The dividends were paid on April 1 and October 1. Required: 1. Prepare the entries to record the declaration of the two...
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.
Help Save & Exit Hutter Corporation declared a $O 50 per share cash dvidend on its common shares. The company has 25,000 shares authorized, 12,000 shares issued, and 10,000 shares of common stock outstanding The journal entry to record the dividend declaration is Mutiple Choice Debit Common Diidends Payabile $5,000, credit Cash $5,000 Debit Retained Eamings $5,000, credit Common Dividends Payable $5,000 Debit Common Diridends Payable $6,000, credit Conh $6,000 Debit Retsined Eamings $6,000, credt Common Dividends Peyable $6,000 0...
Mapleleaf Industries declared a $0.75 per share cash dividend. The company has 120,000 shares authorized, 49,000 shares issued, and 46,000 shares of common stock outstanding. What is the journal entry to record the dividend declaration? Multiple Choice Ο O Debit Dividends Payable and credit Cash for $36,750 Ο Debit Dividends and credit Dividends Payable for $36.750, Ο Debit Dividends and credit Dividends Payable for $34.500 Ο O Debit Dividends Payable and credit Cash for $90.000 A company issued 8% preferred...
Mayan Company had net income of $33,580. The weighted-average common shares outstanding were 9,200. The company has no preferred stock. The company's earnings per share is: Multiple Choice $5.00 $3.71. $3.59 $1.39. $3.65 Authorized shares 28,000 Issued shares 23,000 7,500 Treasury shares The number of outstanding shares is: Multiple Choice 28,000. 35,500 23,000. 20,500. Hutter Corporation declared a $0.50 per share cash dividend on its common shares. The company has 24,000 shares authorized 11,400 shares issued, and 9,600 shares of...
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
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 September 15, 2020, the Board of Directors of Tamarisk
Company declared a 90¢ per share cash dividend, payable on October
31 to shareholders of record as of October 1. On the date of
declaration, Tamarisk Company had 205,000 common shares
outstanding, of which 27,000 were held in Treasury. On October 15,
2020, the company issued an additional 60,000 common shares for
$6.00 each.
Prepare all the required journal entries to record these
transactions. (Credit account titles are automatically
indented...
Exercise 10-56 (Algorithmic) Cash Dividends on Common Shares Wildebeest Corp. is authorized to issue an unlimited number of common shares. At the beginning of 2018, Wildebeest had 318,800 issued and outstanding shares. On July 2, 2018, Widebeest repurchased 1,310 shares of common shares. On March 1 and September 1, Wildebeest declared a cash dividend of $1.10 per share. The dividends were paid on April 1 and October 1. Required: 1. Prepare the entries to record the declaration of the two...
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