What would be the dividend per share on the common shares

Assignment Help Financial Accounting
Reference no: EM133079325

Question - TD Bank has 910,000,000 shares outstanding and pays a quarterly dividend of $0.72 per share. Assume you own 500 shares.

1. Record the journal entry for TD Bank on April 1 when the dividend is declared.

2. How much would you receive if you choose to receive the dividends on your 500 shares in cash?

3. Marinelli Corporation has $50,000 to pay out in dividends. On June 15 they declare a $1.50 per share dividend on their 16,000 preferred shares and the remainder will be paid out to their 52,000 common shares.

4. Record the journal entry on June 15 when the dividend is declared.

5. Record the journal entry on June 30 when the dividend is paid.

6. What would be the dividend per share on the common shares?

Reference no: EM133079325

Questions Cloud

Social contruct with supporting examples : Explain 2 indicators that gender is a social contruct with supporting examples.
Journalize the entries to record the transactions : The following data relate to notes receivable and interest for Owens Co., a financial services company. Journalize the entries to record the transactions
Commercial space travel : There are potentially great risks associated with being blasted into space and then gliding back to earth.
Prepare the journal entry to record the exchange : Bramble Corporation traded a used truck (cost $26,000, accumulated depreciation $23,400). Prepare the journal entry to record the exchange
What would be the dividend per share on the common shares : TD Bank has 910,000,000 shares outstanding and pays a quarterly dividend of $0.72 per share. What would be the dividend per share on the common shares
HI6027 Business and Corporate Law Assignment : HI6027 Business and Corporate Law Assignment Help and Solution, Holmes Institute - Assessment Writing Service
Calculate the interest revenue : Calculate the interest revenue, weighted-average accumulated expenditures, avoidable interest, and total interest cost to be capitalized during 2020
Applying lean six sigma in a financial services firm : The goal of Lean Six Sigma is waste elimination or the removal of non-value-added process activities.
Determine the standard price per kilogram : Determine the standard price per kilogram, standard quantity allowed for wodget material for November production, and standard quantity per kilogram of product

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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