**Which of the following is the appropriate general journal entry to record the declaration of a cash dividend?**a. Retained Earnings XXX Cash XXX b. Cash Dividend Payable XXX Cash XXX c. Paid-In Capital XXX Cash Dividend Payable XXX d. Cash Dividends XXX Cash Dividends Payable XXX

CASH DIVIDEND ARE THE CASH PAYMENT MADE BY A COMPANY OUT OF IT'S EARNING'S TO THE INVESTOR'S .

Answered: Which of the following is the…

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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Which of the following is an example of a cash flow from an investing activity? Group of answer choices receipt of cash from the sale of equipment receipt of cash from the sale of stock payment of cash for dividends payment of cash to acquire treasury stock
QUESTION 6 Which of the fotowing is considered a fnancing activity when preparing the statement of cash flows? A) cash payment for the purchase of equpment BỊ cash payment for extonding credit to others C) caah recelpt from the sale of common stock D) payment of interest on a bond issue
Interdependence of financial statements (a) Which financial or operational data item appears on both the income statement and the statement of stockholders' equity? (a) Which item appears on both the balance sheet and the statement of retained earnings? (c) Which line item occurs on both the balance sheet and cash flow statement?
Describe the declaration date, record date, and payment date for a cash dividend.
The sale of treasury stock will be reported as a in the section of the cash flow statement. O Cash Outflovw; Operating O Cash Inflow, Financing O Cash Inflow; Operating O Cash Outflow; Financing
What are the three relevant dates involving cash dividends? Describe each.
Stockholders' equity a.is shown on the income statement b.is usually equal to cash on hand c.includes paid-in capital and liabilities d.includes retained earnings and paid-in capital
When a corporation declares a cash dividend, the entry include a a. debit to net incomeb. credit to Additional Pain In Capitalc. debit to Retained Earningsd. credit to Cash
2. a. In what section of the statement of cash flows would a Gain be reported when the indirect method is used? Noncash activities note Investing Activities Financing Activities Operating Activitiesb. In what section of the statement of cash flows is the purchase of treasury stock reported? Investing Activities Operating Activities Noncash activities note Financing Activities
O Balance sheet In analyzing a company's financial statements, which financial statement would a potential investor primarily use to assess the company's liquidity and financial fiexibility? O Income statement O Staterment of retained earnings Statement of cash flows
Which of the following general journal entries should be used to record a cash dividend declaration?
In which of the following classifications would cash dividend payments to stockholders be reported in the statement of cash flows?

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Which of the following is the appropriate general journal entry to record the declaration of cash dividend? a. Retained Earnings XXX Cash XXX b. Cash Dividend Payable XXX Cash XXX c. Paid-In Capital Cash Dividend Payable XXX XXX d. Cash Dividends XXX Cash Dividends Payable XXX