Recording Dividends
Not what you're looking for?
Recording Dividends.
On April 15, 2003, the board of directors for Auction.com declared a cash dividend of 20 cents per share payable to stockholders of record on May 20. The dividends will be paid on June 14. The company has 500,000 shares of stock outstanding. Prepare any necessary journal entries for each date.
Purchase this Solution
Solution Summary
The solution has the journal entries that should be recorded relating to dividends.
Solution Preview
The total amount of dividends is 500,000X0.2=$100,000
When the dividends are declared, the journal entry is
April ...
Purchase this Solution
Free BrainMass Quizzes
Transformational Leadership
This quiz covers the topic of transformational leadership. Specifically, this quiz covers the theories proposed by James MacGregor Burns and Bernard Bass. Students familiar with transformational leadership should easily be able to answer the questions detailed below.
Change and Resistance within Organizations
This quiz intended to help students understand change and resistance in organizations
Understanding the Accounting Equation
These 10 questions help a new student of accounting to understand the basic premise of accounting and how it is applied to the business world.
Introduction to Finance
This quiz test introductory finance topics.
Operations Management
This quiz tests a student's knowledge about Operations Management