A companys plank of director votes to declare a cash dividend the $1.00 every share on its 12,000 common shares outstanding. The newspaper entry to record the explanation of the cash dividend is


You are watching: The date the board of directors votes to pay a dividend is called the:

A corporations distribution of extr shares of its own stock to its stockholders there is no the receipt of any type of payment in return is referred to as a
50,000 shares of $5 par value common stock and also 1,500,000 of kept earnings. When the market price the the share is $15 every share, the corporation issues a 2-for-1 share split. Journal entry ?
$100,000 of 8% noncumulative, nonparticipating preferred stock outstanding. Also has $500,000 of common stock outstanding. No dividends to be paid an initial year. 2nd year payment $30,000 in cash dividends.
Preferred stock which confers legal rights to prior periods unpaid dividends even if they were not asserted is called
A firm has never had treasury share transactions. The company repurchased 100 shares of the $1 par commom stock because that $40 per share. The reissued 50 of this shares at $46 per share. Then reissued 20 of the shares at $38 per share. What is the newspaper entry for the repurchase that stock for the very first 100.
The corparate charter authorized 100,000 shares of $10 par value usual stock. The corporation climate issued 400 share to the attorneys in payment the a $5,000 charge. What is the entry because that this transaction would include
A corporation approve 5,000 shares of $10 par value common stock in exchange for some land with a market value the $70,000. What is the entrance to record this transaction?
Debit soil $70,000Credit usual Stock $50,000Credit paid in capital in excess of Par Value, usual Stock $20,000
A companys board of directors votes to explain a cash dividend that $1.00 per share on its 12,000 typical shares outstanding. The newspaper entry to record the payment of the cash dividend is
A corporation had 50,000 share of $20 par value commom share outstanding. Then the plank if directors declared a $10% share dividend as soon as the industry value of each share to be $27. The entry to document the dividend is
Debit Retained earnings $135,000Credit Commom stock Dividend Distributable $100,000Credit payment in funding in overabundance of Par Value, common Stock $35,000
A department store has $200,000 of 6% noncummulative, nonparticipating, desired stock outstanding. They likewise have $600,000 of typical stock outstanding. During the an initial year the agency paid cash dividend of $30,000. The dividend must follow as.
Debit Cash $360,000Credit usual Stock, $10 par worth $300,000Credit paid in resources in excess of Par Value, Common
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Fundamental Financial accounting Concepts10th EditionDanita Kelley, Gaile Moe, Gordon M Wardlaw, Jacqueline Berning


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