Purchase Solution

Treasury Stock and Dividends

Not what you're looking for?

Ask Custom Question

5,000 shares of common stock, assume that 2,000 shares were origionally issued and 800 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2 per share dividend is declared?

Purchase this Solution
Solution Summary

The solutions shows the calculations of the dividend per share.

Solution Preview

Number of shares outstanding = 2,000 - 800 = 1,200 ...

Solution provided by:
Manal Elkhoshkhany, MBA
Education
  • BA, Ain Shams University, Cairo Egypt
  • MBA, California State University, Sacramento
Recent Feedback
  • "ty i have more need help with"
  • "ty i have jmore i need help with"
  • "great help"
  • "excellent help"
  • "Very helpful and easy to understand."
Purchase this Solution
Free BrainMass Quizzes
Lean your Process

This quiz will help you understand the basic concepts of Lean.

Accounting: Statement of Cash flows

This quiz tests your knowledge of the components of the statements of cash flows and the methods used to determine cash flows.

Situational Leadership

This quiz will help you better understand Situational Leadership and its theories.

MS Word 2010-Tricky Features

These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.

Motivation

This tests some key elements of major motivation theories.

View More Free Quizzes
Related BrainMass Solutions

  • Amerspec Enterprise Inc.

    Also prepare T accounts for the following: Paid-In Capital from Sale of Treasury Stock; Stock Dividends Distributable; Stock Dividends; Cash Dividends. 2.Journalize the entries to record the transactions, and post to the eight selected accounts. 3

  • Warner Corporation

    Other paid-in capital accounts 4,000,000 Retained earnings 3,000,000 During 2007, half of the treasury stock was resold for $240,000; net income was $600,000; cash dividends declared were $1,500,000; and stock dividends

  • Anne Cleves Company

    97822 Dividends and Stockholders' Equity Section Dividends and Stockholders' Equity Section E15-18 (Dividends and Stockholders' Equity Section) Anne Cleves Company reported the following amounts in the stockholders' equity section of its December 31

  • Catt Corporation: Stockholders' Equity Entries, dividends,

    200714 Catt Corporation: Stockholders' Equity Entries, dividends, treasury stock PART III ?

  • Analysis of changes in stockholders' equity accounts

    Question 5 To get the net income earned by the company get the difference of the retained earnings in 2002 and 2003 and then add the total cash and stock dividends declared Difference in retained earnings=384,000-160,000=224,400 Add: Feb 4 dividends

  • Transactions for bonds payable and investments in bonds

    Issued the stock certificates for the stock dividends declared in (h) and paid the cash dividends to the preferred stockholders. i. Sold at $58 per share, 3000 shares of treasury common stock purchased in (g). j.

  • Accounting For Treasury Stock and Dividends

    This solution presents the accounting treatment for the purchase and re-issuance of treasury stock, as well as for stock and cash dividends.

  • Bailey Corporation

    Aug. 10 Cash 11,500 Treasury Stock 11,000 Paid-in Capital from Treasury Stock 500 For debit, you need to debit the amount received from the sale of treasury stock and credit the treasury stock at the price reacquired.

  • Dividends and Stockholders' Equity

    Issued the stock dividend. 7. Declared the annual 2007 $10 per share dividend on preferred stock and the $2 per share dividend on common stock. These dividends are payable in 2008.

  • Multiple Choice Questions in Accounts

    stock and dividends to preferred shareholders.

View More Related Solutions