Entries for cash dividend
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Q: 2. A credit sale of P750 is made on June 13, term 2/10, net/30. A return of P50 is granted on June…
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A: Here asked for multi sub part question we will solve first sub part question for you. If you need…
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A: Bonds are the highly secured debt instruments for which interest are paid to the bondholders in…
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A: Cost of goods sold: =Cost of the production + opening stock - closing stock
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A: Profit earned is the difference between the revenue earned and the cost incurred by the members and…
Q: Stitch Ships Inc. has the following inventory purchases during the fiscal year ended December 31,…
A: Perpetual inventory system is that system, under which all purchases and sales related to inventory…
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A: calculation of amount of equity are as follows
Q: ABC’s property originally cost £300,000. After 10 years use it was revalued by £200,000. This…
A: Original Cost = 300000 Depreciation @ 2% 10 Years Depreciation = 300000*2%*10 = 60000
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A: 8% Redeemable loan note indicates an investment with coupon or interest rate of 8% per annum on…
Q: Exercise 8. Lola Company's accounting year ends on December 31, 2016. On December 1, Lola signs a…
A: Introduction: Journals: All the business transactions are to be recorded in Journals. Journals are…
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A: Partnership: Partnership is an entity where minimum of two individuals agrees to carryover the…
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Q: What mathematical relationship is used among proprietary account balances?
A: Answer:- Mathematical relationship meaning:- A mathematical relationship in the general term can be…
Q: Which of the following is not one of the things that manager can do to reduce the capital ratio…
A: Paying out higher dividends to stockholders.
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A: Formula: Return on sales = ( Net income / Net sales ) x 100
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A: Gift - A gift is a property, cash, or goods that someone gives to others in exchange for nothing…
Q: A company reports the following: Total Assets $390,000 Total Liabilities 140,000 Total Stockholders'…
A: The debt ratio is a solvency metric that compares a company's total liabilities to its total assets…
Q: Compare the Solvency, Liquidity and Profitability for the two companies
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Q: Analytical Reports are reports that provide data or findings, analysis, and conclusion. Select one:…
A: The analytical report is the report that contains information along with necessary analysis,…
Q: True or False
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Q: What is the importance of studying gender diversity for companies?
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Q: On Jan 1 Glamazon issues 10,000 common shares for $75 and 3,000 preferred shares for $85 with…
A: Contribution surplus refers to the amount of capital that is above the par value of shares,…
Q: What company is better in short-term and why
A: Accounting Ratios- Accounting Ratios are the ratios that are used to compare financial statements of…
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Q: P2,500,000 4. A VAT registered business has the following transactions: Sale of goods to private…
A: VAT- At each stage of an item's manufacturing-distribution-sales cycle, a VAT is levied on the gross…
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Q: How else would you try comparing the income taxation of estates and accepts
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Q: Riviera Interior Design had the following transactions for the year ended 30 June 2020: This…
A: Journal entries are used by the companies, firms, NPO, etc. to keep a record of the transactions…
Q: 7. The entry to record a sale of P1,800 with terms of 2/10, n/30 will include a a. debit to Sales…
A: Terms 2/10 means if the Buyer made the payment within 10 days from the date of invoice then 2%…
Q: Accounting Act §5-3.2. paragraph regulates depreciation of property, plant and equipment. What…
A: Depreciation refers to writing off the cost of a asset over its useful life in the ratio of economic…
Q: Whether or not an item has been physically delivered to the buyer is the main criteria to determine…
A: Revenue recognition is one of the important accounting principle that is being used in business.…
Q: Robin states that 'voluntary disclosure of information in financial reports can help resolve the…
A: Voluntary disclosure of information means there is no compulsion for disclosure of information. In…
Q: Net Sales Revenue Cost of Goods Sold Average Inventory 2017 $ 5,430 4,100 765 2018 $ 6,080 4,580 880
A: Formula: Inventory turnover ratio = Cost of goods sold / Average inventory Division of Average…
Q: Explain Intangible assets.
A: An asset refers to the property which is owned by the company. An asset can be classified into…
Q: Calculate the debt-to-equity ratio. Ernst Company's balance sheet shows total liabilities of…
A: Introduction: Debt to equity ratio: Division of Total stockholders equity with Total Liabilities…
Q: Last September 6, 2014, Brown Co, issued 2,000 shares of its PIO par value ordinary share capital in…
A: When shares in the company are being issued at a price more than par value of shares, it is known as…
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- Sign In Topic: Practice Quiz... E17 1 2 3 5 2 100% 4 5 6 7 8 9 10 11 12 13 14 Untitled spreadsheet File Edit View Insert Format Data Tools Extensions Help 15 1/ Y - fx A B ▼ $ % C .0 .00 123 D Defaul... Y E - Journalize the transactions 10 + F Jan. 3 Issued 15,000 shares of common stock at $23 per share for cash. Mar. 15 Issued 2,000 shares of preferred stock at $56 for cash. BI A G 4. 88 53 H 41 E EPA- J A corporation was organized on January 1 of the current year, with authorization of 20,000 shares of 4%, $12 par preferred stock, and 100,000 shares of $3 par common stock. The following selected transactions were completed during the first year of operations: ; Feb. 24 Issued 20,000 shares of common stock in exchange for land, buildings, and equipment with fair market prices of $65,000, $120,000, and $45,000 respectively. 31 Issued 200 shares of common stock to an attorney in payment of legal fees for organizing the corporation. The value of the stock at the time of payment was $25…15pointsItemSkipped PrintReferencesItem 5Mainland Resources Inc. began operations on June 5, 2023. 2023 June5 Gave 4,000 common shares to the organizers of the corporation in exchange for accounting and legal services valued at $84,700.15 Received 521 cash per share for the issuance of 77,000 common shares. 16 Issued 10,000 preferred shares for cash of $41 per share. 178,000 common shares were issued to a creditor who was owed $132,000. 18 The board of directors declared a cash dividend of $19, 700 on the preferred shares and $5, 200 on the common shares to shareholders of record on June 20, payable July 1. 30 152,000 common shares were issued in exchange for machinery with a fair market value of $2, 480, 000. The shares were actively trading on this date at $15.00 per share. July 1 The dividends declared on June 18 were paid. Required: Joumalize the above equity transactions that occurred during the first month of operations. Cash dividend account is used for declaring dividends.gageNOWv2 | Online teach X C Get Homework Help With Chec C Rodgers Corporation Produces X b Answered: Rodgers Corporatio X com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false E Calculator A company had stock outstanding as follows during each of its first three years of operations: 1,000 shares of 10%, $100 par, cumulative preferred stock and 56,000 shares of $10 par common stock. The amounts distributed as dividends are presented below. Determine the total and per-share dividends for each class of stock for each year by completing the schedule. Round dividends per share to the nearest cent. Enter "0" if no dividends are paid. Preferred Common Year Dividends Total Per Share Total Per Share $7,500 10,000 $4 40,680
- engageNOWv2 | Online teachir x E Login .com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogre. A eBook Show Me How Dividends Per Share Sandpiper Company has 25,000 shares of cumulative preferred 3% stock, $100 par and 50,000 shares of $5 par common stock. The following amounts were distributed as dividends: 20Υ1 $112,500 20Υ2 37,500 20Υ3 225,000 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'. Preferred Stock Common Stock (dividends per share) (dividends per share) 20Υ1 20Υ2 20Υ3 Previous Next Check My Work 8:35 A 12/3/2state.edu M Syllabus for FIN-8113-501- x M McGraw Hill Connect 6 Question 3 - Chap A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A apter 14 - MBA Cost of Capital i The Hold Up Bank has issued 40,000,000 shares of preferred stock. Each share pays a $3.00 quarterly dividend in perpetuity. If the next dividend is to be paid later today, and one preferred share currently costs $203.00, what is the cost of preferred equity? Calculate as an EAR, not an APR. Enter your answer as a percent rounded to two decimals. Hint. The stock price is simply the present value of the expected future cash flows. Here the cash flows (dividends) happen to be a constant perpetuity with the first payment taking place today. 3. ints awerded 6.04 0 % Scored eBook Print ReferencesWhat would your explanation be for this journal entry? Common Stock $200,000 Retained Earnings 100,000 Income from Snoopy 75,000 Dividends Declared $20,000 Investment in Snoopy 355,000 Explain it.
- ngageNOWv2 | Online teachin x * CengageNOWv2| Online teachir x com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&in... еВook Show Me How Common stock transactions on the statement of cash flows Jones Industries received $600,000 from issuing shares of its common stock and $400,000 from issuing bonds. During the year, Jones Industries also paid dividends of $60,000. How are the effects of these transactions reported on the statement of cash flows? Use the minus sign to indicate cash outflows, cash payments, decreases in cash and for any adjustments, if required. If a transaction has no effect on the statement of cash flows, select "No effect" from the drop down menu and leave the amount box blank. Transactions Action Amount Cash received from issuing common stock Cash received from issuing bonds Cash paid for dividends Previous Next Check My Work 1:05 PM 72°F Sunny ヘ D回 ) 12/3/2021 inort sc delete home- PAA 40 4+ 144 backspace Seck 8. 6.a. Journalize the following transactions: i. January 10. Received cash from three incorporators for 75,000 shares of common stock, $375,000.00. R1-3. ii. iii. iv. V. vi. vii. viii. ix. January 10. Paid cash to Aaron Lovell as a reimbursement for organization costs, $10,000. C1. Value of Preferred Stock January 10. Received a subscription from Amory Lin for 10,000 shares of common stock, $50,000.00. M1. Total Amount of Dividends January 15. Received cash for the face value of a 5-year, 10%, $1,000.00 par value bond issue, $50,000.00. R11. January 25. Received a subscription from Peter Lavine for 8,000 shares of common stock, $40,000.00. M2. February 14. Received cash from Amory Lin in partial payment of stock subscription, $25,000. R4. March 15. Paid cash to Peter Lavine for 500 shares of common stock at $10.00 per share. C112. March 20. Received cash from Amory Lin in final payment of stock subscription, $25,000.00. R5. b. At the end of the year, Al-Can Products, Inc. had issued…I need all solutions to check answers. 12-7i Comprehensive Problem 4 Selected transactions completed by Equinox Products Inc. during the fiscal year ended December 31, 20Y8, were as follows: Issued 15,000 shares of $20 par common stock at $30, receiving cash. Issued 4,000 shares of $80 par preferred 5% stock at $100, receiving cash. Issued $500,000 of 10-year, 5% bonds at 104, with interest payable semiannually. Declared a quarterly dividend of $0.50 per share on common stock and $1.00 per share on preferred stock. On the date of record, 100,000 shares of common stock were outstanding, no treasury shares were held, and 20,000 shares of preferred stock were outstanding. Paid the cash dividends declared in (d). Purchased 8,000 shares of treasury common stock at $33 per share. Declared a $1.00 quarterly cash dividend per share on preferred stock. On the date of record, 20,000 shares of preferred stock had been issued. Paid the cash dividends to the preferred…
- eBook Show Me How Calculator E Print Item Earnings Per share Financial statement data for the years ended December 31 for Dovetail Corporation follow: 2ΟΥ3 20Y2 Net income $485,750 $397,750 Preferred dividends $74,000 $74,000 Average numnber of common shares outstanding 45,000 shares 35,000 shares a. Determine the earnings per share for 20Y3 and 20Y2. Round your answers to two decimal places. 20Y3 X per share 20Y2 X per share b. Does the change in the earnings per share from 20Y2 to 20Y3 indicate a favorable or an unfavorable trend? Unfavorable v Feedback Y.Check My ok ep in mind the definition of earnings per share. Consider what the earnings per share number reveals. Check My Work 1 more Check My Work uses remaining. Previous Next O v 11:39 %24engageNOWv2 | Onlin X genow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker &takeAssignmentSessionLocator=&inprogress=false еВook Five Measures of Solvency or Profitability The balance sheet for Quigg Inc. at the end of the current fiscal year indicated the following: Bonds payable, 6% $900,000 Preferred $10 stock, $50 par 46,000 Common stock, $10 par 644,000 Income before income tax expense was $162,000,and income taxes were $24,000 for the current year. Cash dividends paid on common stock during the current year totaled $25,760. The common stock was selling for $16 per share at the end of the year. Determine each of the following. Round answers to one decimal place, except for dollar amounts which should be rounded to the nearest whole cent. Use the rounded answers for subsequent requirements, if required. a. Times interest earned ratio times b. Earnings per share on common stock c. Price-earnings ratio d. Dividends per share of common stock e. Dividend yield 5:32 PM 12/12/2020…: CengageNOWv2|Online teachin x + n/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress%3false h eBook A Calculator Show Me How Dividends Per Share Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 15,000 shares of cumulative preferred 1% stock, $120 par, and 50,000 shares of $15 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $12,0003; second year, $34,000; third year, $51,200; fourth year, $90,500. Compute the dividend per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends are paid in a given year, leave it blank. 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividend per share) Common stock (dividend per share) Check My Work Next> 414 PM 10/16/2020 2000 ALTEL ho insert pri sc delete & 7 3 8 + backspace E R Y U F J K ente O