Dividends declared and paid quizlet
[DOC File]$5,000 was borrowed from a bank
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Nov. 30 Audio Exchange declared and paid dividends of $1,000. DATE ACCOUNT DEBIT CREDIT 2000 Nov. 1 Cash. Capital Stock 12,000 12,000 Nov. 1 Supplies. Cash 500 500 Nov. 4 Inventory. Accounts Payable 15,000 15,000 Nov. 7 Advertising Expense. Cash 700 700 Nov. 8 Repairs Expense. Cash 120 120 Nov. 10 Accounts Payable
[DOC File]Chapter 13 Current Liabilities and Contingencies
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Once declared, dividends are usually paid within a few months. Therefore, dividends payable are usually classified as current liabilities. ( Stock dividends are . NOT. liabilities. Example 13-2 (WSH P604) On December 26, 2003, Arnold Company declares a $1.50 per share dividend to be paid on January 31, 2004, to shareholders of record as of ...
[DOC File]CHAPTER 12
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2000 net income 100 2000 dividends declared and paid 24. The asset initially is recorded at cost. ($ in millions) Investment in equity securities (cost of shares) 200 Cash 200. As the investee earns additional net assets, the investment in those net assets increases. ($ in millions)
[DOC File]MULTIPLE CHOICE QUESTIONS
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a. the amount paid for the stock by the investor. b. the extent of an investor's influence on the operating and financial affairs of the investee. c. whether the stock has paid dividends in past years. d. whether the acquisition of the stock by the investor was "friendly" or "hostile." 47.
[DOC File]Management 133 - California State University, Sacramento
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_____ 3. According to the law, dividends may be funded from: past earnings. current earnings. future earnings. Only (A) and (B) above. _____ 4. The ex-dividend date is the date: on which recipients of the dividend are determined. The dividend is paid. The dividend is declared. Which no longer includes dividend payments for stock bought on that ...
[DOC File]CHAPTER 3
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T 1. The capital impairment rule states that dividends may not be paid if these dividends impair capital. T 2. Most companies desire to establish a dividend policy that can be sustained over a period of years. F 3. Those companies with easy access to external funds are less likely to pay cash dividends. F 4.
[DOC File]JustAnswer
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Aug 12, 2010 · During 2006, Jacana reported income of $120,000, excluding its income from Lilypad, and paid dividends of $50,000. Lilypad reported net income of $40,000 during 2006 and paid dividends of $20,000. Jacana should report net income for 2006 in the amount of: $115,000. $120,000. $125,000. $130,000.
[DOC File]ANSWERS TO QUESTIONS
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Balance + Net Income – Dividends = Ending Balance. $11,310 + $2,262 – $3,000 = $10,572 EXERCISE 3-12 (20–25 Minutes) ... Revenue 1,200 (Received cash for services performed) 25 Dividends 500 Cash 500 (Declared and paid a $500 cash dividend) 30 Wages Expense 900 Cash 900 (Paid wages expense) 30 Accounts Payable 2,500 Cash 2,500 (Paid ...
[DOC File]ANSWERS TO QUESTIONS
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4. Generally, an entry is made for a cash dividend on the date of declaration. The appropriate entry would be a debit to Retained Earnings (or Dividends) for the amount to be paid, with a corresponding credit to Dividends Payable. Dividends payable is …
[DOC File]AC 116 MIDTERM QUESTIONS AND ANSWERS
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Lange declared and paid a preferred stock dividends of $4,000 during the year. Earnings per share for the year is: a. $3.25 b. $.125 c. $3.05 d. $3.45 ANS: C. 61. Long-term investments are held for all of the listed reasons below except .
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