Journal entry for declaring dividend
[DOC File]Chapter 13 Statement of Cash Flows
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Prepare the journal entry made by Citation in 2010 to record this sale of land. 154. Cash flows from operating activities-indirect method In the computation of net cash flows from operating activities for 2009 by the indirect method, determine whether each of the following items would be added to net income, deducted from net income, or omitted ...
[DOC File]Chap11, Ch11, Stockholders' Equity
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The overall effect of declaring and distributing a cash dividend includes each of the following except: A) Reducing total assets. B) Reducing stockholders' equity. ... Prepare the journal entry for the purchase of the treasury stock. Crawford paid the liability for dividends on March 1. Prepare the journal entry …
[DOC File]WordPress.com
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Not declaring a dividend on cumulative . preferred stock. X 8. Declaration of cash dividend. X 9. Payment of cash dividend. X Ex. 15-122—Stock dividends. Describe the journal entry for a stock dividend on common stock (which has a par value). Solution 15-122. A stock dividend results in the transfer from retained earnings to paid-in capital ...
[DOC File]Godgift
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Not declaring a dividend on cumulative . preferred stock. X 8. Declaration of cash dividend. X 9. Payment of cash dividend. X Ex. 15-137—Stock dividends. Describe the journal entry for a stock dividend on common stock (which has a par value). Solution 15-137. A stock dividend results in the transfer from retained earnings to paid-in capital ...
[DOCX File]Funderburk, CPA
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The adjusting journal entry for corporate federal income tax expense for 2015. includes a: A. debit to Cash in Bank. ... they agree to consider declaring a dividend in January 2016. MM is authorized to issue 10,000 shares common stock with a par value of $100. August and September 2015.
[DOC File]CENTURY 21 ACCOUNTING, 8e
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an additional journal entry, used to correct an incorrect journal entry. file maintenance: the procedure for arranging accounts in a general ledger, assigning account numbers, and keeping records current ... declaring a dividend: action by a board of directors to distribute corporate earnings to stockholders.
[DOC File]TRUE/FALSE - Henry County Schools
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Both b and c 41. The effect of declaring a dividend for any given year is A. a debit to Dividends Declared and a credit to Dividends Payable. B. a debit to Dividends Declared and a credit to Retained Earnings. C. a debit to Dividends Payable and a credit to Dividends Declared. D. no transaction until the dividend is paid to stockholders. 42.
[DOC File]Century 21 Accounting, 8e
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Journal Entry to Record a Correcting Entry Chapter 5 Cash Control Systems. Checking Accounts. ... Declaring a Dividend. Paying a Dividend. Beginning an 8-Column Work Sheet for a Merchandising Business. Entering a Trial Balance on a Work Sheet.
[DOC File]On January 1, Armada Corporation had 95,000 shares of no ...
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Nov 01, 2010 · Omar is considering the following two courses of action: (1) declaring a 5% stock dividend on the 60,000, $10 par value shares outstanding, or (2) effecting a 2-for-1 stock split that will reduce par value to $5 per share. The current market price is $14 per share.
[DOC File]CENTURY 21 ACCOUNTING, 8e
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declaring a dividend: action by a board of directors to distribute corporate earnings to stockholders. intangible assets: assets of a nonphysical nature that have value for a business. no-par-value stock: a share of stock that has no authorized value printed on the stock certificate. organization costs: fees and other expenses of organizing a ...
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