Entry to record the payment of the dividend

Assignment Help Financial Accounting

Reference no: EM131285107

On April 1st, Brown Corporation declares a $25,000 cash dividend that will be paid on May 1st. The entry to record the payment of the dividend on May 1st includes a:

debit to Retained Earnings

debit to Dividends Payable

debit to Cash

credit to Dividends Payable

Reference no: EM131285107

Questions Cloud

Develop a brief swot analysis for business : An important part of planning is a SWOT analysis, understanding an organization's strengths, weaknesses, opportunities, and threats. - Develop a brief SWOT analysis for that business.

Design a network which achieves the requirement : Is there a pinch point in this problem, and at what temperature does it occur? Calculate the minimum heat transfers to and from the cold and hot utilities.

What are the three es in environmental public policy : Each question should be 150 word response. What are the three "E"'s in Environmental Public Policy? How will a "green" economy replace a "brown" economy?

Why needs to invest in formal marketing planning : Take a role-playing approach to present your argument to the client as to why she needs to invest in formal marketing planning.

Entry to record the payment of the dividend : On April 1st, Brown Corporation declares a $25,000 cash dividend that will be paid on May 1st. The entry to record the payment of the dividend on May 1st includes a:

Review code of ethics for any three business organization : What elements do you find in common across the three examples? Which Code of Ethics do you think is the most effective overall, and why?

What will be the number of shares authorized-outstanding : United Specialists, Inc. has authorized 60,000 shares of $1 par common stock. Prior to 2015, United had issued 30,000 shares to stockholders. Early in 2015, United declared and distributed a 10 percent stock dividend. If United subsequently purchases..

Explain the effect of the environmental movement : Identify three of most environmentally negative impacts of Industrial Revolution and justify your choices. Explain the effect of the environmental movement on the process of industrialization in the United States during 1970s.

Describe the multidisciplinary case management : Describe the multidisciplinary case management needs of the special populations of juvenile offenders now assigned to you.

User Account

All Pages