User Account

All Pages

Record the entry to accrue dividends

Assignment Help Accounting Basics
Reference no: EM131875426

Question - ABC Corp declared dividends of $1.50 per share on January 1, 2015. ABC Corp has 1,000,000 shares of stock outstanding.
On July 1, 2015, ABC Corp paid those dividends to its shareholders.

1. Record the entry to accrue dividends.

2. Record the entry to pay the dividends.

Reference no: EM131875426

Questions Cloud

Purchased the mining rights for gold mine : The Black Mountain Mining Company has just purchased the mining rights for a gold mine for $150 million.
What is the amount of Mainstream MACRS deduction : Mainstream sold all of this equipment on June 30, 2015. What is the amount of Mainstream's MACRS deduction for 2015
How much is the effect on company total net operating income : How much is the "effect" (incremental net operating income) on the company's total net operating income through accepting the special order
Calculate the present value of a stream of cash flows : Calculate the present value of a stream of cash flows based on a discount rate of 8%. Annual cash flow is as follows.
Record the entry to accrue dividends : ABC Corp declared dividends of $1.50 per share on January 1, 2015. Record the entry to accrue dividends. Record the entry to pay the dividends
What strategies can be employed to manage this : What strategies can be employed to manage this - Some health care companies have a global footprint that spans across nations
Most each can consume now given they can lend and borrow : What is the most each can consume now given they can lend and borrow as much as they want at 15%?
Calculate the amount of fixed manufacturing overhead : Calculate the amount of fixed manufacturing overhead that will be included in ending inventory under full costing
Write a sort sequence to order shortlist on month of birth : Write a sort sequence to order shortlist on the month of birth. Produce from shortlist a list of birth years along with the number of people born in that year.

Reviews

Write a Review

Accounting Basics Questions & Answers

  On april 2nd a corporation purchased for cash 5000 shares

on april 2nd a corporation purchased for cash 5000 shares of its own 10 par common stock at 15 a share. they sold 2000

  Indicate whether each of the following items is an asset

Indicate whether each of the following items is an asset (A), liability (L), or part of owner's equity (OE).

  A proposed new investment has projected sales of 900000

a proposed new investment has projected sales of 900000. variable costs are 48 of sales and fixes costs are 150000

  Schedule indicating cash payments for operating expenses

Prepare a schedule indicating cash payments for operating expenses for June, July, and August.

  Swimkids is a swimsuit manufacturer they sell swim suits at

swimkids is a swimsuit manufacturer. they sell swim suits at a selling price is 30 per unit. swimkids variable costs

  What are the markup percentages for total variable costs

what are the markup percentages for total variable costs and for total manufacturing costs

  What were the actual sales

Total sales for ApplianceCenter were $205,000 for the week. These sales included a 6% sales tax. What were the actual sales - Joe Rossen opened a pizza shop. He insured his shop for $90,000 for fire. What is his insurance premium if the rate per $10..

  What is the cash flows from investing activities amount

A vehicle was purchased for $44,000 cash. Based on these facts, what is the cash flows from investing activities amount

  Discuss a manual accounting system to an automated system

Imagine you are a consultant hired to convert a manual accounting system to an automated system

  What increases the final number of notes payables in pro

The problem relates to Accounting and it discusses about what increases the final number of notes payables in pro forma balance sheet

  Describe the corporate structure pick two companies in the

the owner of the company where you work finds out that you are majoring in accounting and she wants you to explain the

  A companys data is presented below desired ending inventory

a companys data is presented below. desired ending inventory is a consistent percentage of the next quarters sales and

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