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

See similar textbooks

Similar questions

Brief Exercise 10-12 (Algo) Record cash dividends (LO10-5) Divine Apparel has 3,800 shares of common stock outstanding. On October 1, the company declares a $0.25 per share dividend to stockholders of record on October 15. The dividend is paid on October 31. Record all transactions on the appropriate dates for cash dividends. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) 1 Record the declaration of cash dividends. 2 Record the entry on the date of record. 3 Record the payment of cash dividends.
provide correct answer
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.
Financial statement data for the years ended December 31 for Cottontop Corporation follow: 20Y3 20Y2 Net income $768,750 $627,750 Preferred dividends $117,000 $117,000 Average number of common shares outstanding 55,000 shares 45,000 shares a. Determine the earnings per share for 20Y3 and 20Y2. Round your answers to two decimal places. 20Y3 $fill in the blank 1 per share 20Y2 $fill in the blank 2 per share b. Does the change in the earnings per share from 20Y2 to 20Y3 indicate a favorable or unfavorable trend?
Please do not give solution in image format thanku
Earnings per share Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow: 20Y5 20Y6 Net income $1,516,000 $2,425,000 Preferred dividends $60,000 $60,000 Average number of common shares outstanding 80,000 shares 110,000 shares a. Determine the earnings per share for 20Y5 and 20Y6. Round to two decimal places.
Financial statement data for the years ended December 31 for Cottontop Corporation follow: 20Y3 20Y2 Net income $957,250 $832,250 Preferred dividends $146,000 $146,000 Average number of common shares outstanding 55,000 shares 45,000 shares a. Determine the earnings per share for 20Y3 and 20Y2. Round your answers to two decimal places. 20Y3 $fill in the blank 1 per share 20Y2 $fill in the blank 2 per share b. Does the change in the earnings per share from 20Y2 to 20Y3 indicate a favorable or unfavorable trend?Unfavorable
Goda
A company declared and distributed an 8% dividend on 800,000 shares of $5 par value common stock outstanding. Market price per common share on this date was $25. What is the debit to Retained Earnings for the value of the stock dividend? O $64,000 O $320,000 O $1,600,000 O $40,000,000 79°F Rair
Journalize and prepare a new stockholder's equity section dated 12/31/22.
Earnings per share and price-earnings ratio A company reports the following: Line Item Description Amount Net income $650,000 Preferred dividends $45,000 Shares of common stock outstanding 110,000 Market price per share of common stock $44 a. Determine the company's earnings per share on common stock. Round your answer to two decimal places.fill in the blank 1 of 2$ b. Determine the company's price-earnings ratio.
A company reports the following: Net income $420,200 Preferred dividends $31,130 Shares of common stock outstanding 33,000 Market price per share of common stock $34.19 Calculate the company's earnings per share on common stock. Round your answer to the nearest cent.