A company's board of directors declared a $0.50 per share cash dividend on its $3 par common stock. On the date of declaration, there were 44,000 shares authorized, 18,000 shares issued, and 5,000 shares held as treasury stock. What is the entry when the dividends are declared?   A. Dividends 6,500     Dividends Payable   6,500 B. Dividends 6,500     Cash   6,500 C. Dividends 22,000     Dividends Payable   22,000 D. Dividends 9,000     Cash   9,000

Q: The charter of a corporation provides for the issuance of 91,724 shares of common stock. Assume that…

A: When shares are reacquired, the dividends are not required to be paid on such stocks.

Q: The charter of a corporation provides for the issuance of 103,000 shares of common stock. Assume…

A: Dividend is declared on the basis of number of share issued to the public.

Q: The charter of a corporation provides for the issuance of 95,106 shares of common stock. Assume that…

A: The 3,554 shares reacquired are called treasury shares. Treasury shares are not entitled to…

Q: If a corporation issues 1,000 shares of $1 par value common stock for $12,000, the journalentry…

A: Stock: It refers to a security issued in a form of certificate. It implies the right of ownership of…

Q: The charter of a corporation provides for the issuance of 120,000 shares of common stock. Assume…

A: Formula: Total dividends = Number of Outstanding shares x Dividend per share

Q: The board of directors of Capstone Incorporated declared a $0.60 per share cash dividend on its $1…

A: Dividend is the amount of profit distributed to the shares outstanding as on the record date. It…

Q: On June 1, a board of directors declared a $3 per share cash dividend, payable on June 30 to all…

A: Total amount of dividend = No. of shares issued and outstanding x dividend per sahre = (1000 shares…

Q: The charter of a corporation provides for the issuance of 99,000 shares of common stock. Assume that…

A: Dividends: Distribution of company profits to their share holders based on their investments.

Q: The board of directors of  Elston  Inc. declared a $0.60 per share cash dividend on its $1 par…

A: Cash dividends can be defined as the amount of cash distributed by the company to its shareholders.…

Q: During its first year of operations, Bridgeport Corporation had the following transactions…

A: Lets understand the basics.Journal entry is required to make to record event and transaction happens…

Q: The charter of a corporation provides for the issuance of 114,615 shares of common stock. Assume…

A: Note: Dividend is paid on the number of shares issued and outstanding. Number of shares issued and…

Q: The charter of a corporation provides for the issuance of 113,026 shares of common stock. Assume…

A: Dividends are paid on the Shares outstanding, not on shares issued. Shares outstanding = 37,231 -…

Q: Prepare the journal entry to record Zende Company's issuance of 65,000 shares of $4 par value common…

A:

Q: The charter of a corporation provides for the issuance of 95,000 shares of common stock. Assume that…

A: Common stock: These are the shares issued by a company to an outsider. These shares entitle a share…

Q: The charter of a corporation provides for the issuance of 94,546 shares of common stock. Assume that…

A: Dividend is paid on the shares outstanding. Shares outstanding = 41,432 - 3,112 = 38,320 shares

Q: The charter of a corporation provides for the issuance of 115,494 shares of common stock. Assume…

A: Lets understand the basics.When share is repurchased after issuance of shares then shares are known…

Q: Common stock (par $2; no changes during the current year). Shares authorized, 5,000,e00. Shares…

A: 1)Shares issued:  = Common stock account/ $2 par  = $150,000/2  = 75,000 shares Shares outstanding:…

Q: 24. The board of directors of Elston Inc. declared a $0.60 per share cash dividend on its $1 par…

A: Dividend is the amount of profit distributed to the shares outstanding as on the record date.…

Q: The charter of a corporation provides for the issuance of 93,872 shares of common stock. Assume that…

A: Dividend will not be paid on reacquired shares.

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A: No. of shares issued ansd outstanding = No. of shares originally issued - No. of shares reacquired =…

Q: The board of directors of Capstone Inc. declared a $0.60 per share cash dividend on its $1 par…

A: Journal entry: Journal entry is a set of economic events which can be measured in monetary terms.…

Q: A corporation purchases 9,515 shares of its own $10 par common stock for $18 per share, recording it…

A: When a corporation purchases its own shares, those reacquired shares are called Treasury shares.…

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A: Total amount of dividends paid = No. of shares outstanding * Dividends per shares

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Q: During its first year of operations, Flounder Corporation had the following transactions pertaining…

A: Journal entries are used to record the transactions of business in a chronological order.

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A: Dividend:-It is a form of profit which shareholder received in return of their investment made in…

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A: Formula: Amount of cash dividends to be paid  = No. of shares issued and outstanding x Dividend per…

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A: Cash dividend will be paid  for shares issued Less shares reacquired

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A: Dividend distribution is a method of distributing profit among the stockholder of the organization.…

Q: The Board of Directors of ABC Corporation declared a dividend on March 6, 2XX1, to shareholders of…

A: According to the given question, we are required to compute the cash dividends distributed to the…

Q: A company declared cash dividends of $0.20 per share. If there are 500,000 shares of common stock…

A: The entity pays dividends to the shareholder as a consideration for providing the funds for…