On June 1, a board of directors declared a $3 per share cash dividend, payable on June 30 to all common stockholders of record on June 15. The company has 10,000 shares of common stock authorized, 1,000 shares issued, and 200 shares in the treasury.  The entry to record the dividend data on June 15 would increase a none of the above. b a stockholders' equity account by $3,000. c a liability account by $2,400. d an expense account by $2,400.

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A: The income statement shows the financial position of the company whether the business is making a…

Q: Incentive Corporation was authorized to issue 12,000 shares of common stock, each with a $1…

A:

Q: on October 10, the board of directors of pinto corporation declared a 10% stock dividend. On October…

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A: Common stockholders are considered the last in line to receive assets in the event of the company's…

Q: On February 13, Solar Company declared a cash dividend of $45,000 to be paid on April 30 to…

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Q: On January 1, Wildhorse Corporation had 92,000 shares of no-par common stock issued and outstanding.…

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Q: On November 12th, Nutritious Pet Food Company’s board of directors declares a cash dividend of $1.00…

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Q: Prepare entries to record the following selected transactions completed during the current fiscal…

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A: DECLARATION OF DIVIDENDSDividend is the amount paid by the Corporation its shareholders in return…

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A: Stockholder's Equity - Stockholder's Equity is the section in the balance sheet. It includes…

Q: On October 10, the board of directors of Larkspur Corporation declared a 10% stock dividend. On…

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Q: Journal Entry Worksheet: (please refer to the picture as well) 1, Record the issuance of 46,000…

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Q: Jan. Jan. 2 Purchased 5,000 shares of its own stock at $23 cash per share. 5 Directors declared a $2…

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A: Cash dividend payable = $2 x 60,000 = $120,000

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Q: a. Prepare all of the necessary journal entries to record the events described above.b. Prepare the…

A: Requirement a:   Pass all of the necessary journal entries to record the events.

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A:

Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.