User Account

All Pages

Make dividends transactions a retained earnings statement

Assignment Help Accounting Basics
Reference no: EM132630005

Question - Talaat Corporation had retained earings at January 1, 2017, of $950,000.

The Corporation had 500,000 shares of $ 2.5 par value common stock outstanding throughout 2017. Net income for 2017 was $520,000. The following transactions occurred during 2017:

July 1 A cash dividends of $0.5 per share was declared to stockholders of record on July 20.

Aug. 1 Paid the cash dividends.

Nov. 1 A 7% stock dividends was declared. The market price at the declaration date was $9 per share.

Dec. 15 Distributed the stock dividends shares.

Required - Make the 2017 dividends transactions a retained earnings statement?

Reference no: EM132630005

Questions Cloud

Explain how various levels of culture affect messaging : Explain how various levels of culture affect messaging. How have different levels of culture within an organization affected how you either used
Journalize the dividends transactions : The Corporation had 500,000 shares of $ 2.5 par value common stock outstanding throughout 2017. Journalize the dividends transactions
Determine the cpk value of the process : a. Determine the Cpk value of the process. b. Roughly what proportion of bottles meet the specifications (research required)?
Determine the upper and lower control limits of the chart : Forty samples of size 5 each were taken from a fertilizer-bag-filling machine (standard deviation of the population is unknown).
Make dividends transactions a retained earnings statement : Question - Talaat Corporation had retained earings at January 1, 2017, of $950,000. Make the 2017 dividends transactions a retained earnings statement
What limits on national power can be derived from amendment : The U.S. government's expansive role in public policy is caught in a swirl of conflicting cross-currents. On the one hand, popular expectations about.
Calculate the expected loss for legae investment bank : Calculate the expected loss for Legae Investment Bank's loan to Magong-Reno Platinum Mine.
What do you understand by a credit derivative : What do you understand by a credit derivative? Name and briefly describe four types of credit derivatives.
What do you understand by credit bubbles : What do you understand by credit bubbles? Explain any four different instances through which credit bubbles manifest.

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