User Account

All Pages

Journalize the declaration of share dividend on december

Assignment Help Accounting Basics
Reference no: EM132090237

Question - On January 1, 2017, Marin Limited had £1,073,000 of ordinary shares outstanding that were issued at par. It also had retained earnings of £743,400. The company issued 38,400 ordinary shares at par on July 1 and earned net income of £400,800 for the year.

Journalize the declaration of a 15% share dividend on December 10, 2017, for the following independent assumptions.

(a) Par value is £8, and market price is £19.

(b) Par value is £5, and market price is £21.

Reference no: EM132090237

Questions Cloud

Analyze the different stakeholders : Analyze the different stakeholders that are involved in the externality, and identify what their roles are with regard to the externality
What you would be willing to give up to receive : List four government services and the benefits they provide to you and your family. Try to put a monetary value on these benefits by thinking about.
Implement a simplified version of a graphical shell : FIT2100 - Operating systems - Monash University - implement a simplified version of a graphical shell like you might find in a popular operating system
Describe the use of supplier quality management : Describe the use of supplier quality management-Supply Chain Management tools and techniques and lean Supply Chain Management
Journalize the declaration of share dividend on december : Journalize the declaration of a 15% share dividend on December 10, 2017, for the following independent assumptions
Create a brief outline that showcases the flow : Explain how Cedar Falls follows the Government Accounting Standards Board (GASB) Statement No. 34. Create a brief outline that showcases the flow.
Find the financial statements of a publicly traded company : Find the financial statements of a publicly traded company and review its stockholders' equity section of the balance sheet.
Record the journal entries for the first interest payment : Record the journal entries for the first interest payment due on October 1, 2016. Assume that interest has not been accrued at each month end
How deferred taxes will be reported in the balance sheet : SuperSports Inc.reported pretax financial income of $260,000 for the year 2016. Taxable income of SuperSports is however different from its pretax financial.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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