MC Qu. 11-109 Mapleleaf Industrles declared a... Mapleleaf Industries declared a $0.90 per share cash dividend. The company has 140,000 shares authorized, 53.000 shares issued, and 50,000 shares of common stock outstanding. What is the journal entry to record the dividend declaration? Multiple Cholce Debit Dividends and credit Dividends Payable for $47700. Debit Dividends and credit Dividends Payable for $45,000. Debit Dividends Payable and credit Cash for $47,700. Debit Dividends Payable and credit Cash for $126.000. < Prev 20 of 30 Next > ype here to search O Trop storm warning 11:37 A 立

MC Qu. 11-109 Mapleleaf Industrles declared a... Mapleleaf Industries declared a $0.90 per share cash dividend. The company has 140,000 shares authorized, 53.000 shares issued, and 50,000 shares of common stock outstanding. What is the journal entry to record the dividend declaration? Multiple Cholce Debit Dividends and credit Dividends Payable for $47700. Debit Dividends and credit Dividends Payable for $45,000. Debit Dividends Payable and credit Cash for $47,700. Debit Dividends Payable and credit Cash for $126.000. < Prev 20 of 30 Next > ype here to search O Trop storm warning 11:37 A 立

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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ABP signment/takeAssignmentMain.do?invoker3D&takeAssignmentSessionLocator=&inprogress=false Calculator Alliance Corp. issues 2,370 shares of $12 par value common stock at $15 per share. When the transaction is recorded, what credit entry or entries are made? Select the correct answer. Common Stock $35,550. Common Stock $7,110 and Retained Earnings $28,440. Common Stock $28,440 and Paid-in Capital in Excess of Par Value $7,110. Common Stock $28,440 and Paid-in Capital in Excess of Stated Value $7,11o. 4:03 PM
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5. Magenta Corporation declared $0.70 per share cash dividends on September 18. The dividends were recorded and paid on September 23 and September 29, respectively. Magenta Corporation had 50,000 shares outstanding with par value of $1. The journal entry to record the transaction on September 29 is … a. Cash Dividends $35,000 Dividends Payable $35,000 b. No journal entry required on this date c. Retained Earnings $50,000 Cash Dividends $50,000 d. Dividends Payable $35,000 Cash $35,000
POF ACC113 - Chapter 13 (1).pdf C:/Users/yaras/OneDrive/Desktop/ACC113%20-%20Chapter%2013%20(1).pdf A Read aloud Draw V Highlight Financial Accounting II ACC113 Ex5: On October 31, a company declared a cash dividend of $2 per common share to the shareholders of record on November 12. The cash dividend will be paid on November 27. This company has 750,000 shares authorized and 230,000 shares outstanding. Prepare the journal entries required. Date Debit Credit
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XYZ Company sold 500 shares of treasury stock (from (c)) at $45 per share. DATE Debit Credit X/X
MC Qu. 11-183 A company reported net income... Brandies, Inc. reported net income of $10.32 million. At the beginning of the year, 4.2 million shares of common stock were outstanding and at the end of the year, 4.4 million shares were outstanding. No dividends were declared. The EPS is approximately: Multiple Choice $2.40. $2.35. $2.46. $1.20.
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