The board of directors declares and pays a 60000 dividend

Assignment Help Accounting Basics
Reference no: EM13388465

Dabney, Inc., has 5,000 shares of 5%, $100 par value, noncumulative preferred stock and 40,000 shares of $1 par value common stock outstanding at December 31, 2014. There were no dividends declared in 2013. The board of directors declares and pays a $60,000 dividend in 2014. What is the amount of dividends received by the common stockholders in 2014?

A) $0

B) $25,000

C) $10,000

D) $35,000

Reference no: EM13388465

Questions Cloud

What issues do you think that the vp of human resources : 1q. you are jennifer. what talking points would you prepare to support case. include both strengths and limitations of
A 600000 bond was retired at 97 when the carrying value of : a 600000 bond was retired at 97 when the carrying value of the bond was 590000. the entry to record the retirement
Derive her demand functions when she has income m and faces : amy has a utility functionuxyz x2lnylnza what kind of preferences does amy have? explain. what does this mean for her
If you are doing some research to find out what people : 1q. do communication theory models created and tested in the usa apply to other cultures?2q. if you are doing some
The board of directors declares and pays a 60000 dividend : dabney inc. has 5000 shares of 5 100 par value noncumulative preferred stock and 40000 shares of 1 par value common
Discuss the advantages and disadvantages of : discuss the advantages and disadvantages of self-administered interviewing face-to-face interviewing and telephone
Compare the advantages and disadvantages of the survey to : 1 nbsp compare the advantages and disadvantages of the survey to those of observation. under which circumstances could
Reflecting on what you have learned in this course describe : 1 many firms today use 360-degree performance evaluations. make a case for this type of evaluation based on the
Victory corporation sold 400 shares of treasury stock for : victory corporation sold 400 shares of treasury stock for 45 per share. the cost for the shares was 35. the entry to

Reviews

Write a Review

Accounting Basics Questions & Answers

  Simple rate of return on the investment problem

By automating the process, the company would save $108,000 per year in cash operating costs. The simple rate of return on the investment is closest to:

  Market value of an investment in debt securities

When the market value of an investment in debt securities exceeds its carrying amount, how should the asset be reported at the end of the year for each of the following?

  Deviance in public accounting firms

How has public criticism of the Public Accounting Profession contributed to workplace deviance? What solution are there to decrease deviance in public accounting firms? At least 150 words, thanks for your help in this matter.

  Summary entries to record by using installment-sales method

Collections during the year from down payments and installments totaled $300,000. Purchases for the year totaled $400,000; the cost of merchandise on hand at the end of the year was $80,000. Instructions: Using the installment-sales method, make s..

  Calculate the capital balance of each partner

Calculate the capital balance of each partner in the partnership subsequent to the contributions. Prepare the journal entry necessary to record the partners' contributions.

  Financial statements according to us gaap

What are the pros and cons to Toyota of issuing its financial statements according to U.S. GAAP?

  Determine the premium expense to be reported

Determine the premium expense to be reported in the income statement and the estimated liability for premiums on the balance sheet for 2004 and 2005.

  Tax bases in the shares

Given the income statement above, what are their tax bases in their shares at the end of year 1?

  Letter of intent for red cross

Please help me research The American Red Cross Organization and determine a need based on an existing program or even develop a new program that would be beneficial to the organization and the community that it serves.

  Refunding of note payable

Make the entry to record the partial refunding. Assume Grant Co. makes reversing entries when appropriate. Prepare the adjusting entry at December 31, assuming straight-line amortization of the discount.

  Account for the investment in an acquired subsidiary

When a parent uses the partial equity method throughout the year to account for its investment in an acquired subsidiary, which of the following statements is false before making adjustments on the consolidated worksheet?

  Sale of property received

Sale of Property Received as a Gift. During the current year, Stan sells a tract of land for $800,000. The property was received as a gift from Maxine on March 10, 1995, when the property had a $310,000 FMV.

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!

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