Declared cash dividend journal entry
[DOC File]The net effect to a corporation of the declaration and ...
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The journal entry to issue 1,000,000 shares of $5 par common stock for $6.25 per share on January 2nd would be: _____. Jan 2 Cash 6,250,000 Common Stock 5,000,000 Paid-In Capital in Excess of Par – C/S 1,250,000 The charter of a corporation provides for the issuance of 100,000 shares of common stock.
[DOC File]Cone Company had the following transactions related to its ...
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No journal entry is made, but a memorandum is recorded. The number of shares issued and outstanding doubles to 210,000, and the new par value is be $0.50 per share. December 31: Declared cash dividend of $1.50 per share, payable February 15, 2003. Account Debit Credit Retained Earnings 315,000 Dividend Payable 315,000
[DOCX File]Chapter 11
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The entry to record the cash disbursement for the dividend is a debit to Dividends Payable and a credit to Cash. 16.Retained earnings is the accumulated amount of all net income of the corporation less all losses and less the accumulated amount of all dividends declared to date.
[DOC File]Issuance of Common Stock example - Babson College
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Cash (200 shares x $50) 10,000. Common Stock (200 shares x $10)) 2,000. Add’l Paid in Capital (10,000 - 2,000) 8,000. The journal entry involves the following aspects: Cash is increased by the number of shares sold multiplied by the market price of the stock to reflect the receipt of the proceeds
[DOC File]Chapter 11
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To reduce its stock price, Shriver Food Systems, Inc, declared and issued a 50% stock dividend. The company has 800,000 share authorized and 200,000 shares outstanding. The par value of the stock is $1 per share and the market value is $100 per share. Prepare the journal entry to record this large stock dividend.
[DOC File]Chapter 11
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To reduce its stock price, Shriver Food Systems, Inc, declared and issued a 50% stock dividend. The company has 800,000 share authorized and 200,000 shares outstanding. The par value of the stock is $1 per share and the market value is $100 per share. Prepare the journal entry to record this large stock dividend.
[DOC File]Chapter 11: Reporting and Interpreting Owners’ Equity
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Declared and paid a cash dividend of $19,800. Net income for the year is $30,000. How many shares are outstanding at the end of 2001? What is the balance in the retained earnings account at the end of the year? What is a stock split? Does a stock split require a journal entry? What is required when a stock split is declared? Dividend Payout Ratio
[DOC File]P14-1A
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May 07, 2010 · Declared a $1 cash dividend per share to stockholders of record on February 15, payable March 1. Mar. 1 Paid the dividend declared in February. Apr. 1 Announced a 2-for-1 stock split. Prior to the split, the market price per share was $36. July 1 Declared a 10% stock dividend to stockholders of record on July 15, distributable July 31.
[DOC File]Godgift
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d. cash dividend. 52. A dividend which is a return to stockholders of a portion of their original investments is a. a. liquidating dividend. b. property dividend. c. liability dividend. d. participating dividend. 53. A mining company declared a liquidating dividend. The journal entry to record the declaration must include a debit to. a ...
[DOC File]accountingreviewmaterials « Be a CPA with or without a ...
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d. cash dividend. 52. A dividend which is a return to stockholders of a portion of their original investments is a. a. liquidating dividend. b. property dividend. c. liability dividend. d. participating dividend. 53. A mining company declared a liquidating dividend. The journal entry to record the declaration must include a debit to. a ...
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