User Account

All Pages

Compute the journal entry to record the dividend on april

Assignment Help Accounting Basics
Reference no: EM132050886

Question - On February 15, Jewel Company buys 6,300 shares of Marcelo Corp. common stock at $28.70 per share plus a brokerage fee of $400. The stock is classified as available-for-sale securities. This is the company's first and only investment in available-for-sale securities. On March 15, Marcelo Corp. declares a dividend of $1.22 per share payable to stockholders of record on April 15. Jewel Company received the dividend on April 15 and ultimately sells half of the Marcelo Corp. stock on November 17 of the current year for $29.47 per share less a brokerage fee of $250. The journal entry to record the dividend on April 15 is?

Reference no: EM132050886

Questions Cloud

Write a response about the statements given below : The article we focus on this week helps us explore one key reason some people may dig in their heels and refuse to embrace change .
Write summary of the importance of managing threats : A short video that is directly related and/or clip art can be inserted within your presentation. The final slide of your presentation will be a summary.
What does the dodd-franc act add to the sec act : Describe and analyze the The Securities Exchange Commission (SEC) Act. What does the Dodd-Franc Act add to the SEC Act?
Optimal capital structure so as to maximize its : A firm should raise capital according to its optimal capital structure so as to maximize its
Compute the journal entry to record the dividend on april : Jewel Company received the dividend on April 15. The journal entry to record the dividend on April 15 is
Prevent insolvent trading : Look at question 5 of Problem Set 6. Assume that the directors of JV Investor have breached their duty to prevent insolvent trading.
Write the pseudocode statement for the process : During this course you will design a program for a state university. The university needs a website design that will enable students to order books online.
Public policy reasons for applying : There are public policy reasons for applying - or not applying warranty law in consumer and commercial cases.
Compute the project payback period-net present value : Compute the project’s payback period, net present value (NPV), profitability index (PI), and internal rate of return (IRR).

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd