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30. What the three important dates for Cash Dividends are and what they mean, and when...
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 distribution...
Question 1 (3 points) What are the three important dates for cash dividends? Select all that apply. Record Date Payment Date Declaration Date Obligation Date Distribution Date Dividend Date
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 distribution...
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...
A corporation has 14.000 shares of 15% 5101.00 pat nonnulative pr ed stock outstanding and 25.000 shares of no-po common stock outstanding At the end of the current year, the comporion de $200.000 What is the dividend per share for preferred stock and for common stock? (Round your answer to the nearest Cont) OA The dividend per share is 515 15 te preferred stock and 50 32 to common stock O . The dividend per share is $15.15 to preferred...
cash dividends can be paid only when: 11. Cash dividends can be paid only when: A) the retained earnings account has a positive balance greater than the dividend. B) the cash account has a balance greater than the amount of the dividend declared. C) the board of directors has declared the dividend. D) all of the above. 12. On February 16, a company declares a 34€ dividend to be paid on April 5. There are 2 million shares of common...
Help on Accounting Study Guide? ate Accounts and Es b) Why might some companies issue stock dividends instead of cash dividends? e)ABC Company currently has 100,000 shares of common stock with a par value of S2 before a 2-for-1 split. What is the number of shares and par value after the split? Los. How is the complete corporate income statement prepared? ) What may appear on a corporation's income statement that generally does not a ppear for smaller business? L06...
True or False 32) A transaction that causes an increase in an asset may also cause a decrease in another asset, an increase in a liability, or an increase in owners' equity. 33) Window dressing occurs when management attempts to make a company look financially stronger than it actually is. 34) The sale of additional shares of capital stock will cause retained earnings to increase 35) Every business transaction is recorded by a debit to a balance sheet account and...
Problem 21.4A Recording cash dividends, stock splits, appropriations of retained earnings, and donated assets; preparing the Stockholders Equity section of the balance sheet. LO 21-5, 21-7, 21-8, 21-9, 21-11 20 points The Stockholders' Equity section of the balance sheet of Willy Corporation on January 1, 2019, is shown below, selected transactions for the year follow: $89,000 8,900 $ 97,900 Stockholders' Equity Preferred Stock (10% cumulative, $10 par value, 200,00 shares authorized) Issued and Outstanding, 8,900 Shares Paid-in Capital in Excess...
The declaration, record, and payment dates in connection with a cash dividend of $108,000 on a corporation’s common stock are January 12, March 13, and April 12. Journalize the entries required on each date. If no entry is required, simply skip to the next transaction. Refer to the Chart of Accounts for exact wording of account titles. 2. Lawn Spray Inc. develops and produces spraying equipment for lawn maintenance and industrial uses. On January 31 of the current year, Lawn...