Question 4 1.5 pts On September 18th, 2019 Microsoft Corp. announced that its board of directors...
Question 4 1.5 pts On September 18th, 2019 Microsoft Corp. announced that its board of directors declared a quarterly dividend of $0.51 per share, reflecting a 5 cent or 11% increase over the previous quarter's dividend. The dividend is payable Dec. 12, 2019, to shareholders of record on Nov. 21, 2019. Microsoft has 7.71B shares outstanding. What is the journal entry Microsoft records on September 18th, 2019? [Select] What is the journal entry Microsoft records on November 21. 2019? [Select]...
The first image is the original question, the rest are the answer choices for each box. Question 4 1.5 pts On September 18th, 2019 Microsoft Corp. announced that its board of directors declared a quarterly dividend of $0.51 per share, reflecting a 5 cent or 11% increase over the previous quarter's dividend. The dividend is payable Dec. 12, 2019, to shareholders of record on Nov. 21, 2019. Microsoft has 7.71B shares outstanding. What is the journal entry Microsoft records on...
The first image is the original question, the rest are the answer choices for each box. Question 5 2 pts Microsoft announced a 2 for 1 stock split. Before the split they had 5.4b shares outstanding and par value was $0.0000125 Before the split the balance in the common stock account was: $ Select] After the split shares outstanding are (in billions):Select After the split par value is: [Select] Select ] After the split the balance in the common stock...
Shopify sold 7.7m shares of no par common stock during its IPO for $28/share. The journal entry to record the sale is: DR Cash $215.6m CR [Select] D Question 3 1.5 pts On September 18th, 2019 Microsoft Corp. announced that its board of directors declared a quarterly dividend of $0.51 per share, reflecting a 5 cent or 11% increase over the previous quarter's dividend. The dividend is payable Dec. 12, 2019, to shareholders of record on Nov. 21, 2019. September...
1. Microsoft announced a 2 for 1 stock split. Before the split they had 5.4b shares outstanding and par value was $0.0000125. Before the split the balance in the common stock account was:? After the split shares outstanding are (in billions)? After the split par value is? After the split the balance in the common stock is ? 2. Apple Inc. sells 2m shares of common stock with a par value of $0.0001 for $70. The journal entry to record...
Question 6 2.5 pts Microsoft purchases 250m of its own shares for $140/share. The journal entry to record the purchase is a: DR [Select] CR [Select] If Microsoft resells 100 shares of the Treasury stock for $145/share the journal to record the sale is: DR [Select] CR [Select] CR [Select ] [Select] Treasury Stock $500 PIC-Treasury Stock $14,000 Treasury Stock $14,500 PIC-Treasury Stock $500
The first image is the original question, the other is the answer choices for the boxes. Question 3 1.5 pts On September 18th, 2019 Microsoft Corp. announced that its board of directors declared a quarterly dividend of $0.51 per share, reflecting a 5 cent or 11% increase over the previous quarter's dividend. The dividend is payable Dec. 12, 2019, to shareholders of record on Nov. 21, 2019. September 18th, 2019 is the: [Select] November 21st, 2019 is the: [Select] December...
On September 1, the board of directors of Colorado Outfitters, Inc., declares a stock dividend on its 22,000, $13 par, common shares. The market price of the common stock is $42 on this date. Required: 1. 2. & 3. Record the necessary journal entries assuming a small (10%) stock dividend, a large (100%) stock dividend, and a 2-for-1 stock split. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View...
The first image is the original question, the rest are the answer choices for each box. Question 6 2.5 pts Microsoft purchases 250m of its own shares for $140/share. The journal entry to record the purchase is a: DR [Select] CR [Select] If Microsoft resells 100 shares of the Treasury stock for $145/share the journal to record the sale is: DR [Select] Select] CR [Select] Question 6 2.5 pts Microsoft purchases 250m of its own shares for $140/share. The journal...
Dividends Stock Splits 1) The board of directors voted for a 2:1 stock split. Prior to the split, the company had 50,000 shares of $10 par common stock. What is the effect of the stock split? If a journal entry is required, then include in your answer. 2) Create the journal entry if ABC Company declares and pays a property dividend payable in bonds of DEF Company (bonds are being held to maturity and are carried on ABC’s books at...