Cash dividends : The amount of cash provided by a corporation out of its distributable profits to its shareholders as a return for the amount invested by them is referred as cash dividends. To discuss: The factors, which should be considered by the board of directors in deciding whether to declare a cash dividend for the last quarter of 2016

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Answer 1

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Chapter 13, Problem 13.5CP

(1)

To determine

Cash dividends: The amount of cash provided by a corporation out of its distributable profits to its shareholders as a return for the amount invested by them is referred as cash dividends.

To discuss: The factors, which should be considered by the board of directors in deciding whether to declare a cash dividend for the last quarter of 2016

(2)

To determine

To discuss: The issuance of a stock dividend from the point of view of (a) a stockholder and (b) the board of directors.

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Martin Hughes earns net self-employment income of $157,100. He works a second job from which he receives FICA taxable earnings of $127,600.Self-Employment tax =

Question 2 U. Richards does not keep his books on the double entry system. His bank summary amount for 2010 is as follows: Balance 1.1.2010 1890 Receipts from $44656 debtors Creditors Loan from U. Miller $2.000 Rates Rent Drawings Cash withdrawn from bank $540 0 Payment to Trade $316 95 2750 1316 3095 1642 Sundry Expense Records of cash paid were sundry $122, trade creditors $642. Cash sales amounted to cash drawings were $5289. The following information is also available: 31.12.201 31.12.2 0 011 Cash in hand $48 $93 Trade creditors $4896 $5091 Accounts Receivables 60 $71 13 32 Rent Owing $250 Rates in Advance $282 $312 Motor van (at valuation) 2800 2400 Stock 11163 13021 Required: A. Statement of Affairs. (to find opening capital as at 31.12.2010) B. Cash Account & Bank Account. C. Accounts Receivables & Accounts Payables Control A/Cs. D. Income Statement for the year ended 31 December 2011.

2: Martin Hughes earns net self-employment income of $157,100. He works a second job from which he receives FICA taxable earnings of $127,600. Self-Employment tax = $ 6,440.70 3: Elisa Grant earns net self-employment income of $198,000. She works a second job from which she receives FICA taxable earnings of $100,400. Self-Employment tax = $ 30,294.00

Answer 2

Question

Chapter 13, Problem 13.5CP

(1)

To determine

Cash dividends: The amount of cash provided by a corporation out of its distributable profits to its shareholders as a return for the amount invested by them is referred as cash dividends.

To discuss: The factors, which should be considered by the board of directors in deciding whether to declare a cash dividend for the last quarter of 2016

(2)

To determine

To discuss: The issuance of a stock dividend from the point of view of (a) a stockholder and (b) the board of directors.

Expert Solution & Answer

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Answer 3

Question

Chapter 13, Problem 13.5CP

(1)

To determine

Cash dividends: The amount of cash provided by a corporation out of its distributable profits to its shareholders as a return for the amount invested by them is referred as cash dividends.

To discuss: The factors, which should be considered by the board of directors in deciding whether to declare a cash dividend for the last quarter of 2016

(2)

To determine

To discuss: The issuance of a stock dividend from the point of view of (a) a stockholder and (b) the board of directors.

Expert Solution & Answer

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Check out a sample textbook solution

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Answer 4

Question

Chapter 13, Problem 13.5CP

(1)

To determine

Cash dividends: The amount of cash provided by a corporation out of its distributable profits to its shareholders as a return for the amount invested by them is referred as cash dividends.

To discuss: The factors, which should be considered by the board of directors in deciding whether to declare a cash dividend for the last quarter of 2016

(2)

To determine

To discuss: The issuance of a stock dividend from the point of view of (a) a stockholder and (b) the board of directors.

Expert Solution & Answer

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Check out a sample textbook solution

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Answer 5

Chapter 13, Problem 13.5CP

(1)

To determine

Cash dividends: The amount of cash provided by a corporation out of its distributable profits to its shareholders as a return for the amount invested by them is referred as cash dividends.

To discuss: The factors, which should be considered by the board of directors in deciding whether to declare a cash dividend for the last quarter of 2016

(2)

To determine

To discuss: The issuance of a stock dividend from the point of view of (a) a stockholder and (b) the board of directors.

Answer 6

Chapter 13, Problem 13.5CP

(1)

To determine

Cash dividends: The amount of cash provided by a corporation out of its distributable profits to its shareholders as a return for the amount invested by them is referred as cash dividends.

To discuss: The factors, which should be considered by the board of directors in deciding whether to declare a cash dividend for the last quarter of 2016

Answer 7

Chapter 13, Problem 13.5CP

(1)

To determine

Cash dividends: The amount of cash provided by a corporation out of its distributable profits to its shareholders as a return for the amount invested by them is referred as cash dividends.

To discuss: The factors, which should be considered by the board of directors in deciding whether to declare a cash dividend for the last quarter of 2016

Answer 8

(2)

To determine

To discuss: The issuance of a stock dividend from the point of view of (a) a stockholder and (b) the board of directors.

Answer 9

(2)

To determine

To discuss: The issuance of a stock dividend from the point of view of (a) a stockholder and (b) the board of directors.

Answer 10

Expert Solution & Answer

Answer 11

Expert Solution & Answer

Answer 12

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Answer 13

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Solution Summary: The author explains the factors that should be considered by the board of directors in deciding whether to declare a cash dividend for the last quarter of 2016.

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To discuss: The issuance of a stock dividend from the point of view of (a) a stockholder and (b) the board of directors.

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Chapter 13 Solutions