NEW BRITAIN, Conn.-(BUSINESS WIRE)-Oct. 15, 2019-Stanley Black & Decker (NYSE: SWK) announced today that its Board of Directors approved a regular fourth-quarter cash dividend of $0.69 per common share. This extends the company's record for the longest consecutive annual and quar- terly dividend payments among industrial companies listed on the New York Stock Exchange. The dividend is payable on Tuesday, December 17, 2019, to shareholders of record as of the close of business on Friday, November 29, 2019. ab At the time of the press release, the company had 300 million shares authorized and 148 mil- lion outstanding. The par value for the company's stock is $2.50 per share.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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CHAPTER 11
Required:
1. Prepare journal entries as appropriate for each of the three dates mentioned above.
2. Assuming no other dividends were declared during the year, prepare the closing entry.
E11-14 Comparing 100 Besse
Dividend and 2-for-1 Split
Transcribed Image Text:CHAPTER 11 Required: 1. Prepare journal entries as appropriate for each of the three dates mentioned above. 2. Assuming no other dividends were declared during the year, prepare the closing entry. E11-14 Comparing 100 Besse Dividend and 2-for-1 Split
LO 11-3
& Decker
E11-13 Accounting for Dividends
Stanley Black & Decker is a leading global manufacturer and marketer of power tools, hardware,
and home improvement products. A press release contained the following announcement:
NEW BRITAIN, Conn.-(BUSINESS WIRE)-Oct. 15, 2019-Stanley Black & Decker (NYSE: SWK)
announced today that its Board of Directors approved a regular fourth-quarter cash dividend of $0.69
per common share. This extends the company's record for the longest consecutive annual and quar-
terly dividend payments among industrial companies listed on the New York Stock Exchange. The
dividend is payable on Tuesday, December 17, 2019, to shareholders of record as of the close of
business on Friday, November 29, 2019.
ab At the time of the press release, the company had 300 million shares authorized and 148 mil-
lion outstanding. The par value for the company's stock is $2.50 per share.
Transcribed Image Text:LO 11-3 & Decker E11-13 Accounting for Dividends Stanley Black & Decker is a leading global manufacturer and marketer of power tools, hardware, and home improvement products. A press release contained the following announcement: NEW BRITAIN, Conn.-(BUSINESS WIRE)-Oct. 15, 2019-Stanley Black & Decker (NYSE: SWK) announced today that its Board of Directors approved a regular fourth-quarter cash dividend of $0.69 per common share. This extends the company's record for the longest consecutive annual and quar- terly dividend payments among industrial companies listed on the New York Stock Exchange. The dividend is payable on Tuesday, December 17, 2019, to shareholders of record as of the close of business on Friday, November 29, 2019. ab At the time of the press release, the company had 300 million shares authorized and 148 mil- lion outstanding. The par value for the company's stock is $2.50 per share.
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