**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 reported as an investing activity in the statement of cash flows? The payment of interest on bonds The receipt of dividend revenue The payment of cash dividends The sale of machinery
cash flows from financing activities does not include a. issuance of stock b. interest received c. cash dividends paid d. retirement of bonds payable
Journal Entry on date of distribution * O DR. Cash Dividends Payable ; CR. Cash DR. Retained Earnings; CR. Cash Dividends Payable O DR. Dividends ; CR. Cash Dividends Payable O No entry
On the statement of cash flows, the cash flows from investing activities section would include a. payments for retirement of bonds payable b. receipts from the issuance of common stock c. payments for dividends d. receipts from the sale of investments
Th e statement of cash fl ows presents the fl ows into which three groups of business activities? A . Operating, Nonoperating, and Financing.
Which of the following is not classified among the financing activities in a statement of cash flows? a Long-term borrowing. b Payment of dividends to stockholders. c Short-term borrowing. d Payment of interest to creditors.
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
Journal entries to record cash dividends are made on the: Select one: a. Declaration date and payment date. b. Declaration date and record date. c. Record date and payment date d. Payment date only e. Declaration date, record date, and payment date
On the statement of cash flows, the cash flows from investing activities section would include a.payments for dividends b.payments for the retirement of bonds payable c.receipts from the issuance of common stock d.receipts from the sale of investments
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
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
Which of the following transaction is considered an investing activity when preparing a Cash flow Statement? A. Issuing ordinary shares B. Payment to creditors C. Purchase of non-current assets D.Redemption of ordinary shares.

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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