Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Blueprint Problem: Cash Dividends Dividends If you are the owner of a company, you expect to be able to take part of the company's profits. If you own shares of stock of a corporation, you own part of that company. A dividend is a distribution of a company's accumulated profits to its owners, the stockholders. These distributions are usually in the form of cash dividends, but they may also be in the form of stock dividends or even noncash assets, which can be distributed to the owners. The decision to pay any dividend is made by the company's board of directors, not by the management of the company. When the board announces that the company will pay a dividend, there are three dates specified: the declaration date, the date of record, and the payment date. It is important to understand which shares are eligible to receive dividends. A company classifies its stock as authorized, issued, and outstanding. Only outstanding shares, that is, shares held by someone other than the issuing company, are eligible to receive dividends. Consider the following and determine the number of outstanding shares at each date: Outstanding shares: January 1: Moore Company's balance sheet reveals that it is authorized to sell 500,000 shares of stock; 320,000 shares are issued and outstanding. May 3: Moore issued an additional 22,000 shares of stock. November 12: Moore Company's board of directors declared a dividend of $763,875 to be paid on December 15 to shareholders on record on December 3. December 1: Moore purchased 15,000 shares of its own stock to be available for employee purchase. December 3: Moore gathered the necessary data for all outstanding stockholders as of this date. December 14: Moore Company sold 12,500 of its shares of treasury stock. December 15: Moore paid the $763,875 dividend. Calculate the dividend per share to be paid to each common stockholder, rounded to the nearest cent. $ = $ per share shares Now, assume that the December 1 and December 14 transactions did not occur. Calculate the dividend per share in this case. $ = $ per share
indicate whether the following statements about the conceptual framework are true or false. if false provide a brief
the sweetwater candy company would like to buy a new machine that would automatically dip chocolates. the dipping
Compute the total, price, and quantity variances for materials - Benjamin Company purchased
enron corporations 2001 third-quarter 10-q report disclosed the following transaction with ljm2 a nonconsolidated
you are the accountant for jolly fitness a health club. the business owner is concerned about low revenue. there are 3
during the current year els corporation reported the following tax-related informationbull 5000 tax-exempt interest
Annual cash savings from the purchase of the machine will be $20,000. Compute the internal rate of return and payback period.
entry for uncollectible accounts traditional bikes co. has determined that the proper balance for the allowance for
During the past several years the annual net income of Avery Company has averaged $540,000. At the present time the company is being offered for sale. Its accounting records show the book value of net assets (total assets minus all liabilities) to..
there are four main methods for documenting specific business processes systems and so on. if your company asked you to
The number of cars arriving at Joe Kelly's oil change and tune-up place during the last 200 hours of operation is observed to be the following: Determine the probability distribution of car arrivals.
xyz corporation makes two products from a common input. joint processing costs up to the split-off point total 33600 a
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd