Question 17 of 19The Board of Directors declared a 5% cash dividend on January 1, 2021, to shareholders of record as of January 15, 2021, payable on February 15, 2021. The pro-forma entry on January 15 would beSelect the correct response:Dr. Dividends Payable; Cr. CashO Dr. Dividends Payable; Cr. Retained EarningsO No entryO Dr. Retained Earnings; Cr. Dividends Payable( Previous

Dividend - Dividend is the distribution of accumulated profit to the shareholder's of the company on…

Answered: Question 17 of 19 The Board of…

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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The Following information was lifted from the shareholders equity section of ABC Corp: Share Capital - 10P par value, 280K shares Subscribed Capital Subscription Receivable Share Premium Retained Earnings Treasury Share (at cost, P6/sh) 2,800,000 940,000 530,000 1,025,000 1,700,000 240,000 On June 9, 2020, the BOD declared a 3P per share cash div of record on June 25, 2020 and payable on July 6, 2020. Compute for the Cash dividend payable and RE.
PROBLEM 5 - AUDITING PROBLEMSCompute fot the following:1. Number of ordinary shares issued and outstanding 2. Ordinary share capital
%24 %24 %4 View Policies Current Attempt in Progress Metlock Ridge Corporation was organized on January 1, 2018. During its first year, the corporation issued 42,000 shares of $5 par value preferred stock and 490,000 shares of $1 par value common stock. At December 31, the company declared the following Cash dividends: 2020 (a) Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 6% and not cumulative. Preferred 2019 2020 e Textbook and Media List of Accounts Attempts: 0 of 3 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above. (c) The parts of this question must be completed in crder This part will be available when you complete the part above. sessment-player/index.html7launchld3ee163b88-e.
The Board of Directors declared a 5% cash dividend on January 1, 2021, to shareholders of record as of January 15, 2021, payable on February 15, 2021. The pro-forma entry on January 1 would be Select the correct response: O No Entry Dr. Retained Earnings; Cr. Cash O Dr. Retained Earnings; Cr. Dividends Payable O Dr. Dividends Payable; Cr. Retained Earnings
PROBLEM 5 - AUDITING PROBLEMSCompute fot the following:3. Share premium4. Retained earnings
Part I A portion of the Stockholders' Equity section of Cailey Corporation's balance sheet as of December 31, 20X3, appears below. Dividends have not been paid for the years 2021 and 2022. There has been no change in the number of shares of stock issued and outstanding during these years. Assume that the board of directors of Cailey Corporation declares a dividend of P24,770 after completing operations for the year 2023. Stockholders' Equity Preferred Stock (10% cumulative, P50 par value, 10,000 shares authorized) At Par Value (1,400 shares issued) P 70,000 Common Stock (no-par value, with stated value of P10, 50,000 shares authorized) At Stated Value (13,000 shares issued) 130,000 Required: 1. Compute the total amount of the dividend to be distributed to preferred stockholders. 2. Compute the amount of the dividend to be paid on each share of preferred stock. 3. Compute the total amount of the dividend available to be distributed to common stockholders. 4. Compute the amount of the…
Quèstion 15 On January 1, 2021, the stockholders' equity section of Seef Inc. was as follows: Common stock ($10 par value) $400,000; paid-in (contributed) capital in excess of par value $200,000, and retained earnings $150,000. During th year, the following treasury stock transactions occurred. March 5: Purchased 5,000 shares for cash at $28 per share. April 25: Sold 2,000 treasury shares for cash at $30 per share. June 25: Sold 3,000 treasury shares for cash at $22 per share Required: Prepare journal entries to record the above treasury stock transactions.
Question 9 Common stock dividends: are guaranteed to be paid quarterly. O are guaranteed to be paid annually. O must be approved by the corporation's board of directors.
please avoid image in answers thank you
Entries for Cash Dividends The declaration, record, and payment dates in connection with a cash dividend of $96,000 on a corporation's common stock are October 1, November 7, and December 15. Journalize the entries required on each date. If no entry is required, choose "No Entry Required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank. Oct. 1 - Select - - Select - - Select - - Select - Nov. 7 - Select - - Select - - Select - - Select - Dec. 15 - Select - - Select - - Select - - Select -
A9
Requirement 1a-1b please!

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