Just answer question 3 2) Did the company pay dividends on its common stock during the...
Just answer question 3
2) Did the company pay dividends on its common stock during the year ended December 31. 2018? How do you know? If yes, what was the effect of those dividends on the balance sheet, the income statement, and the statement of cash flows? What entry (ies) did PepsiCo make related to dividends in 2018?
December 31, 2018 : $4,930 million paid in cash dividends
(3) Suppose that instead of paying cash dividends in 2018, assume that PepsiCo has issued 44.6 million shares in the form of a stock dividend, equating to $4,930 million. How would your responses to (2) change?
Homework Answers
3) Stock dividends do not affect the Cash flow from financing activity in Cash flow statement . It does not affect Income statement.
Only in Balance Sheet entry will be passed to transfer the stock dividend from Retained earnings to Stockholders Equity Account
Stock dividends do not affect the assets side of Balance sheet. Only the Equity side is affected by a entry reallocating Retained earnings to Stockholders equity
Add Answer to:
Just answer question 3
2) Did the company pay dividends on its common stock during the...
Identifying and Analyzing Financial Statement Effects of Cash Dividends On March 15, 2018, Bank of America...
Identifying and Analyzing Financial Statement Effects of Cash Dividends On March 15, 2018, Bank of America issued 94,000 shares of 5.625% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series FF for $3.29 billion. Dividends are payable semiannually on or about March 15 and September 15. a. Assume the stock was issued at face value. What is the face value of each Series FF share? $ b. What will be the total dividend for the year ended December 31, 2018, assuming that the...
On January 1, 2018, Beilich Enterprises bought 20% of the outstanding common stock of Wolfe Construction...
On January 1, 2018, Beilich Enterprises bought 20% of the outstanding common stock of Wolfe Construction Company for $510.0 million cash. Wolfe’s net income for the year ended December 31, 2018, was $255.0 million. During 2018, Wolfe declared and paid cash dividends of $51.0 million. Beilich recorded the investment as follows: ($ in millions) Purchase Investment in Wolfe Construction shares 510.0 Cash 510.0 Net income Investment in Wolfe Construction shares (20% × $255.0 million) 51.0 Investment revenue 51.0 Dividends Cash...
on December 31, 2017, Ainsworth, Inc. had 650 million shares of common stock outstanding. Thirty five...
on December 31, 2017, Ainsworth, Inc. had 650 million shares of common stock outstanding. Thirty five million shares of 8%. $100 par value cumulative, nonconvertible preferred stock were sold on January 2 shares of its common stock as treasury stock. Twenty milion treasury shares wer Ainsworth purchased 50 million sold on August 31, Ainsworth issued a 4% common dividend on June 12, 2018 No cash dividends were declared in 2018. For the year ended December 31, 2018, Ainsworth lion, including...
On December 31, 2017, Berclair Inc. had 520 million shares of common stock and 3 million...
On December 31, 2017, Berclair Inc. had 520 million shares of common stock and 3 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair purchased 24 million shares of its common stock as treasury stock. Berclair issued a 5% common stock dividend on July 1, 2018. Four million treasury shares were sold on October 1. Net income for the year ended December 31, 2018, was $850 million. The income tax rate...
On January 1, 2018, Beilich Enterprises bought 20% of the outstanding common stock of Wolfe Construction...
On January 1, 2018, Beilich Enterprises bought 20% of the outstanding common stock of Wolfe Construction Company for $620.0 million cash. Wolfe’s net income for the year ended December 31, 2018, was $310.0 million. During 2018, Wolfe declared and paid cash dividends of $62.0 million. Beilich recorded the investment as follows: ($ in millions) Purchase Investment in Wolfe Construction shares 620.0 Cash 620.0 Net income Investment in Wolfe Construction shares (20% × $310.0 million) 62.0 Investment revenue 62.0 Dividends Cash...
please help On January 1, 2018, Beilich Enterprises bought 20% of the outstanding common stock of...
please help
On January 1, 2018, Beilich Enterprises bought 20% of the outstanding common stock of Wolfe Construction Company for $400.0 million cash. Wolfe's net income for the year ended December 31, 2018, was $200.0 million. During 2018, Wolfe declared and paid cash dividends of $40.0 million. Beilich recorded the investment as follows: ($ in millions) 400.0 Purchase Investment in Wolfe Construction shares Cash 400.0 Net income Investment in Wolfe Construction shares (20% * $200.0 million) Investment revenue 40.6 40.6...
On December 31, 2017, Ainsworth, Inc., had 600 million shares of common stock outstanding. Ninteen million shares of 8%, $100 par value cumulative, nonconvertible preferred stock were sold on January 2, 2018. On April 30, 2018, Ainsworth purchased 50 mill
On December 31, 2017, Ainsworth, Inc., had 600 million shares of common stock outstanding. Ninteen million shares of 8%, $100 par value cumulative, nonconvertible preferred stock were sold on January 2, 2018. On April 30, 2018, Ainsworth purchased 50 million shares of its common stock as treasury stock. Twenty million treasury shares were sold on August 31. Ainsworth issued a 4% common stock dividend on June 12, 2018. No cash dividends were declared in 2018. For the year ended December...
Question 6 Loki Corporation earned net income of $90,000 during the year ended December 31 2016....
Question 6 Loki Corporation earned net income of $90,000 during the year ended December 31 2016. On December 15, Loki had declared the annual cash dividend on its $0.35 preferred shares (5,000 shares issued for $80,000) and a $0.40 per share cash dividend on its common shares (20,000 shares issued for $60,000). Loki then paid the dividends on January 4, 2017. Journalize the following for Loki Corporation: Declaring the cash dividends on December 15, 2016. Paying the...
1. 2.. On December 31, 2017, Berclair Inc. had 300 million shares of common stock and...
1.
2..
On December 31, 2017, Berclair Inc. had 300 million shares of common stock and 13 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair purchased 30 million shares of its common stock as treasury stock. Berclair issued a 4% common stock dividend on July 1, 2018. Four million treasury shares were sold on October 1. Net income for the year ended December 31, 2018, was $650 million. Also outstanding...
Day Co, received dividends from its common stock investments during the year ended December 31, Year...
Day Co, received dividends from its common stock investments during the year ended December 31, Year 1, as follows: A stock dividend of 400 shares from Parr Corp. on July 25, Year 1, when the market price of Parr's shares was $20 per share. Day owns less than 1% of Parr's common stock A cash dividend of $15,000 from Lark Corp. in which Day owns a 25% interest. A majority of Lark's directors are also directors of Day. What amount...
on December 31, 2017, Ainsworth, Inc. had 650 million shares of common stock outstanding. Thirty five million shares of 8%. $100 par value cumulative, nonconvertible preferred stock were sold on January 2 shares of its common stock as treasury stock. Twenty milion treasury shares wer Ainsworth purchased 50 million sold on August 31, Ainsworth issued a 4% common dividend on June 12, 2018 No cash dividends were declared in 2018. For the year ended December 31, 2018, Ainsworth lion, including...
please help
On January 1, 2018, Beilich Enterprises bought 20% of the outstanding common stock of Wolfe Construction Company for $400.0 million cash. Wolfe's net income for the year ended December 31, 2018, was $200.0 million. During 2018, Wolfe declared and paid cash dividends of $40.0 million. Beilich recorded the investment as follows: ($ in millions) 400.0 Purchase Investment in Wolfe Construction shares Cash 400.0 Net income Investment in Wolfe Construction shares (20% * $200.0 million) Investment revenue 40.6 40.6...
1.
2..
On December 31, 2017, Berclair Inc. had 300 million shares of common stock and 13 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair purchased 30 million shares of its common stock as treasury stock. Berclair issued a 4% common stock dividend on July 1, 2018. Four million treasury shares were sold on October 1. Net income for the year ended December 31, 2018, was $650 million. Also outstanding...
Day Co, received dividends from its common stock investments during the year ended December 31, Year 1, as follows: A stock dividend of 400 shares from Parr Corp. on July 25, Year 1, when the market price of Parr's shares was $20 per share. Day owns less than 1% of Parr's common stock A cash dividend of $15,000 from Lark Corp. in which Day owns a 25% interest. A majority of Lark's directors are also directors of Day. What amount...
Most questions answered within 3 hours.
-
) Assume that in the market for widgets, demand is highly
elastic compared to supply. If...
asked 2 minutes ago -
Why is a personal interview the most important step in the sales
selection process? What are...
asked 12 minutes ago -
In Python rOverlap (x1, y1, w1, h1, x2, y2, w2, h2) A rectangle
is axis-aligned if...
asked 12 minutes ago -
If we observe in a protein solution that DNA is causing a
mixture 260/280 ratio ~0.9,...
asked 22 minutes ago -
Explain the steps involved in making cDNA from mRNA, and how you
would create a cDNA...
asked 23 minutes ago -
A beta (β) particle is described by which of the following?
Select the correct answer below:...
asked 26 minutes ago -
A new machine costs $150,000, lasts 10 years, has an annual
O&M cost of $50,000, and...
asked 29 minutes ago -
A newspaper in a large Midwestern city reported that the
National Association of Realtors said that...
asked 30 minutes ago -
1. Develop a use case diagram for the bank case study described
in Chapter 1. 2....
asked 40 minutes ago -
The phylum Protista has often been referred to as a junk drawer
of classification. Explain what...
asked 47 minutes ago -
The average amount of money spent for lunch per person in the
college cafeteria is $7.09...
asked 49 minutes ago -
You follow the lab procedure and at the end of Part 4C, you used
an average...
asked 1 hour ago