Cash dividends paid by a corporation

Assignment Help Accounting Basics
Reference no: EM13147642

Cash dividends paid by a corporation:

a. reduces the net income of the corporation that declared the dividend.

b. reduces the retained earnings of the corporation that declared the dividend.

c. reduces the retained earnings of the corporation that declared the dividend because net income is reduced by the amount of the dividend.

Reference no: EM13147642

Questions Cloud

Compute the average speed of an oxygen gas molecule : How much faster do ammonia (NH3) molecules effuse than carbon monoxide (CO) molecules? Enter the ratio of the rates of effusion.
What is the class of warm blooded : whats the class of warm blooded, usually hairy animals, thats feed their young with milk by mothers? This class includes monotremes, marsupials, primates, cats, dogs, bears, hoofed animals, rodents, bats, seals, dolphins, and whales.
Bonds upon issuance using ifrs : Banks Billiard Company (BBC) issued $5 million in par value of bonds for $5.1 million. BBC incurred $200,000 in accounting fees and $50,000 in banking fees related to this transaction. What amounts should BBC record for the bonds upon issuance usi..
Define what is the partial pressure of oxygen in the mixture : A gaseous mixture of O2 and N2 contains 40.8% nitrogen by mass. What is the partial pressure of oxygen in the mixture if the total pressure is 405mmhg
Cash dividends paid by a corporation : Cash dividends paid by a corporation: a. reduces the net income of the corporation that declared the dividend. b. reduces the retained earnings of the corporation that declared the dividend.
What values of p is engine plane preferable to two-engine : The airplane will make a successful flight if at least 50 percent of its engines remain operative. For what values of p is a 4-engine plane preferable to a 2-engine plane?
A new business owner : A new business owner of a residential and commercial carpet cleaning service The executive director of a nonprofit organization serving homeless individuals
Estimate the settlement of 10ft and 5ft square footing. : A) Estimate the settlement of 10ft and 5ft square footing.B) What is the factor of safety for the footing in above problem against bearing failure if the clay soil has an unconfined compressive strength of 3,600psf?
Problem related tro fair value approach : The options can be converted into common stock after July 1, 2011. The required service period is three years. How much compensation expense will be recorded for the year ending December 31, 2010 assuming that the fair value approach is used?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Contribution margins and target profits

Assuming sales volume is expected to be the same in the upcoming year as it was in the past year, give three separate options the company could implement in order to achieve their target profit in the upcoming year.

  Computing number of equivalent units of production

Direct materials are placed into the process at the beginning of production. Determine the number of equivalent units of production with respect to direct matrials and conversion cost.

  What equal amounts can maria withdraw at the end of each

Maria Alvarez is investing $370,700 in a fund that earns 11% interest compounded annually. What equal amounts can Maria withdraw at the end of each of the next 21 years?

  Journal entry to record retirement of bonds

A company previously issued $2,000,000, 10% bonds, receiving a $120,000 premium. On the current year's interest date, after the bond interest was paid and after 40% of the total premium had been amortized, the company purchased the entire bond iss..

  What are the income statement, balance sheet

Assume Grant uses straight-line depreciation. What are the income statement, balance sheet, and statement of cash flow effects for 2006?

  What the general rules under us gaap

The sales price that is stated in the agreement for this combined product is $500,000 and is to be paid upon delivery of the software.

  Preparing correcting entries for springer company

Before preparing financial statements for the current year, the chief accountant for Springer Company discovered the following errors in the company accounts:

  What is the current status of having the same accounting

What is the current status of having the same accounting standards throughout the world? Is any work being done on developing International Accounting Standards? Would you vote for or against such standards, and why?

  Determine the inventories direct labor costs

Rockhampton, Inc. app|ies factory overhead ba$ed on direct lab0r c0sts. The company 1ncurred the following costs during 2O11: direct materials costs, $650000.

  Preparing all journal entries

John Smith started a consulting business and completed the following transactions. Prepare all journal entries related to these transactions.

  Increase in the estimated total contract costs

When there is a significant increase in the estimated total contract costs but the increase does not eliminate all profit on the contract, which of the following is correct?

  What was the correct change in the general fund balance

General government revenues for the year were $800,000 with an overall increase in the city's net assets of $150,000.

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