Max Fish Corporation declares a cash dividend. What will be included in the journal entry at...
Max Fish Corporation declares a cash dividend. What will be included in the journal entry at the date of declaration?
Group of answer choices
Credit to Dividends Payable
Credit to Retained Earnings
Debit to Dividends Payable
Credit to Cash
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Homework Answers
Dividends decleration Journal entry
| Retained earnings | XXX | |
| Dividends payable | XXX |
The answer is Credit to Dividends Payable
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Max Fish Corporation declares a cash dividend. What will be
included in the journal entry at...
On the date of payment for a cash dividend, what journal entry is required? O A....
On the date of payment for a cash dividend, what journal entry is required? O A. Debit Retained Earnings and credit Dividends Payable O B. Debit Dividends and credit Retained Earnings OC. Debit Dividends Payable and credit Cash OD. Debit Cash and credit Dividends Payable
Question 9 6 The journal entry to record the declaration of a cash dividend would include...
Question 9 6 The journal entry to record the declaration of a cash dividend would include a: debit to Retained Earnings debit to Dividend Expense debit to Dividends Payable credit to Cash Ne
On March 15, American Eagle declares a quarterly cash dividend of $0.035 per share payable on April 13 to all stockhold...
On March 15, American Eagle declares a quarterly cash dividend of $0.035 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 228 million shares. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answer in dollars, not in millions (i.e. $5.5 should be entered as 5,500,000).) View transaction list Journal entry worksheet...
On March 15, American Eagle declares a quarterly cash dividend of $0.035 per share payable on April 13 to all stockhold...
On March 15, American Eagle declares a quarterly cash dividend of $0.035 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 228 million shares. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answer in dollars, not in millions (i.e. $5.5 should be entered as 5,500,000).) View transaction list Journal entry worksheet...
Cash and Stock Dividends Debra Corporation has 24,000 shares of $1 par value common stock outstanding....
Cash and Stock Dividends Debra Corporation has 24,000 shares of $1 par value common stock outstanding. The company has $200,000 of retained earnings. At year-end, the company declares a cash dividend of $2.00 per share and a five percent stock dividend. The market price of the stock at the declaration date is $24 per share. Three weeks later, the company pays the dividends. a. Prepare the journal entry for the declaration of the cash dividend. b. Prepare the journal entry...
Pickens Corporation declares and issues a 20% stock dividend. On the date of declaration, the stock is...
Pickens Corporation declares and issues a 20% stock dividend. On the date of declaration, the stock is selling for $130 per share. Assuming that there were 50,000 shares outstanding with a $10 par value, prepare the journal entry on the date of declaration to record Pickens stock dividend. Debit Credit
Prepare journal entries to record the above transactions for Emerson Corporation. (If no entry is required...
Prepare journal entries to record the above transactions for Emerson Corporation. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) July 15 Declared a cash dividend payable to common stockholders of $165,000. 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. View transaction list Journal entry worksheet Record the declaration of a cash dividend payable...
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...
Brief Exercise 15-14 Your answer is partially correct. Try again. Flounder Corporation has outstanding 444,000 shares...
Brief Exercise 15-14 Your answer is partially correct. Try again. Flounder Corporation has outstanding 444,000 shares of $10 par value common stock. The corporation declares a 100% stock dividend when the fair value of the stock is $67 per share. Prepare the journal entries for both the date of declaration and the date of distribution. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account...
On March 15, American Eagle declares a quarterly cash dividend of $0.045 per share payable on...
On March 15, American Eagle declares a quarterly cash dividend of $0.045 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 226 million shares (if no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field. Enter your answers in dollars, not in millions (ie. $5.5 should be entered as 5,500,000).) 04:16:55 Journal entry worksheet <...
On the date of payment for a cash dividend, what journal entry is required? O A. Debit Retained Earnings and credit Dividends Payable O B. Debit Dividends and credit Retained Earnings OC. Debit Dividends Payable and credit Cash OD. Debit Cash and credit Dividends Payable
Question 9 6 The journal entry to record the declaration of a cash dividend would include a: debit to Retained Earnings debit to Dividend Expense debit to Dividends Payable credit to Cash Ne
On March 15, American Eagle declares a quarterly cash dividend of $0.035 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 228 million shares. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answer in dollars, not in millions (i.e. $5.5 should be entered as 5,500,000).) View transaction list Journal entry worksheet...
On March 15, American Eagle declares a quarterly cash dividend of $0.035 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 228 million shares. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answer in dollars, not in millions (i.e. $5.5 should be entered as 5,500,000).) View transaction list Journal entry worksheet...
Cash and Stock Dividends Debra Corporation has 24,000 shares of $1 par value common stock outstanding. The company has $200,000 of retained earnings. At year-end, the company declares a cash dividend of $2.00 per share and a five percent stock dividend. The market price of the stock at the declaration date is $24 per share. Three weeks later, the company pays the dividends. a. Prepare the journal entry for the declaration of the cash dividend. b. Prepare the journal entry...
Prepare journal entries to record the above transactions for Emerson Corporation. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) July 15 Declared a cash dividend payable to common stockholders of $165,000. 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. View transaction list Journal entry worksheet Record the declaration of a cash dividend payable...
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...
Brief Exercise 15-14 Your answer is partially correct. Try again. Flounder Corporation has outstanding 444,000 shares of $10 par value common stock. The corporation declares a 100% stock dividend when the fair value of the stock is $67 per share. Prepare the journal entries for both the date of declaration and the date of distribution. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account...
On March 15, American Eagle declares a quarterly cash dividend of $0.045 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 226 million shares (if no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field. Enter your answers in dollars, not in millions (ie. $5.5 should be entered as 5,500,000).) 04:16:55 Journal entry worksheet <...
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