• Acc 100 Exam Review
    declaration), and paid out on another date (payment date). Dividend Payout Ratio = Annual Dividend Amount/ Annual Net Income When Dividends are DECLARED they become a liability o Dr. Retained Earnings o Cr. Dividends Payable When Dividends are PAID o Dr. Dividends Payable o Cr. Cash - Stock...
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  • EXAM 1 ACCT SG
    Taxes Payable Bonds Payable Mortgages Deferred Tax Liabilities Dividends payable Bonds payable Liabilities on Balance Sheet Broken down as current or long term Long term debt that matures within a year moves to current debt Stockholders Equity Common Stock Preferred Stock...
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  • Financial Accounting Summary
    common or preferred stock. Payment of dividends. Interest payments on debt. Re-acquisition of shares of common or preferred stock (treasury shares). Structure of cash flow statement Company X Comparative Statement of Cash Flows Year Ended 31 January 1998 1999 Operations Net Income...
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  • Accounting
    | Dividends | Declaration date | Payment date | Par value | Double taxation | No-par value stock | Privately held corporation | Publicly held corporation | Retained earnings | Paid-in capital | Limited liability | Statement of stockholders’ equity | | | Concepts and Techniques to Master...
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  • Assignment Classification Table
    the necessary entries to properly account for a corporation’s share transactions. This problem involves such concepts as shares sold for cash, noncash stock transactions, and declaration and distribution of share dividends. The student is required to prepare the respective journal entries and the...
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  • Kjbhkjbhnlk
    before and after the issuance of Stock Dividends. Stock Dividend creates no liability but an addition to the SHE section: - If 20% or higher, the par/stated value is capitalized and debited to RE. - If lower than 20%, the FV of the stock at the date of declaration is capitalized...
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  • Accounting Ch15
    the declaration and payment of cash dividends on both preference and ordinary shares. This problem also involves a dividend arrearage on preference stock, which will be satisfied by the issuance of treasury shares. The student is required to prepare the necessary journal entries for the dividend...
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  • Shareholder's Equity
    stock on this date, get dividend. No journal entry 3.) Payment Date: Dividend paid. Dr. Dividends Payable Cr. Cash EXAMPLE 9: UPS DIVIDEND ANNOUNCEMENT UPS Board Announces Quarterly Dividend ATLANTA--(BUSINESS WIRE)--May. 2, 2013-- The UPS (NYSE: UPS) Board of Directors today...
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  • Chapter 16 Accounting
    opportunity to prepare entries to properly account for a series of transactions involving the issuance and exercise of common stock rights and detachable stock warrants, plus the granting and exercise of stock options. The student is required to prepare the necessary journal entries to record these...
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  • Mid Term Study Guide
    market value takes into account expected future earnings, growth, dividends, and other industry and economic factors. Serial Problem — SP 13 Serial Problem — SP 13, Business Solutions (25 minutes) 1a. Journal entry for issuance of common stock to Cicely |Cash...
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  • Accounting Quick Study
    by formal journal entries 1. DEBIT-retained earnings 2. CREDIT-retained earnings appropriated for... a. b. c. d. e. f. Increases and decreases in cash from investors and creditors Stock issuance Sale and purchase of treasury stock Borrowing money Payments of dividends Payments of...
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  • Wild Fap20E Glossary
    the future. (p. 183) Creditors Individuals or organizations entitled to receive payments. (p. 52) Cumulative preferred stock Preferred stock on which undeclared dividends accumulate until paid; common stockholders cannot receive dividends until cumulative dividends are paid. (p. 519) Current...
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  • Sdsdfdsfdsfdsfsd
    ) TIME AND PURPOSE OF PROBLEMS Problem 16-1 (Time 35–40 minutes) Purpose—to provide the student with an opportunity to prepare entries to properly account for a series of transactions involving the issuance and exercise of common stock rights and detachable stock warrants, plus the...
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  • Accounting testbank
    45,000 of its $3 par value shares of common stock, when the fair price is $4/share, for 100% of the common stock of Supernova Company. Redstar incurred direct acquisition costs of $5,000 and stock issuance costs of $5,000. Required: a. What journal entry will Redstar Corporation record for the...
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  • Finance
    Deficit DIVIDENDS ON COMMON STOCK There are two requirements to be met for CASH dividends to be declared and paid. 1. Sufficient cash to pay the dividend 2. Sufficient retained earnings Dividend Dates Date of declaration Date of record Date of payment GTP declares a...
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  • acct 331 study guide
    points) DATE CASH INTEREST EXPENSE AMORTIZATION BOOK VALUE 1/1/10 12/31/10 3. Prepare all necessary journal entries, from issuance through the January 1, 2011 bond retirement. (14 points) Date Account Debit Credit...
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  • FInancial Tests
    known as Capital Surplus and Capital in Excess of Par Value. a. True b. False 2. Preferred stock is like common stock in that dividends are not a legal obligation until the board of directors declares them. a. True b. False 3. Before a liquidating company can distribute any assets to...
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  • Document
    preferred shares, both payable on October 30, 20x5, to shareholders of record on October 10, 20x5. (Record the dividend declaration and payment.) $230,000,000 50,000,000 f. g. Required: Prepare journal entries to record the various transactions. Round per share amounts to two decimal places...
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  • Accounting
    Common Stock (10 * $5) (() 50 PIC in Excess of Par - Common (10 * $3) (() 30 6. Sold 50 shares of $10 par value preferred stock for a total of $500. Price paid per share = $500 / 50 = $10 • Excess paid per share = $10 - 10 = $0 Journal entry...
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  • Intermediate Accounting Test 2
    tax) | 390,000 |   | Loss on the disposition of the wholesale division (net of tax) | 440,000 |   | Loss on operations of the wholesale division (net of tax) | 90,000 |   | Dividends declared on common stock | 250,000 |   | Dividends declared on preferred stock | 80,000 | Prepare a multiple...
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