Solution-What is the declaration and date of record

What is the declaration and date of record

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Reference no: EM132544822

Question - Burlon Printing Company has net income of $175,000 for the year each 6/30/2009, the board of directors met and declared a dividend of $0.35 per share for each of the 150,000 outstanding shares of common stock. The board voted to make the actual distribution on September 1 to all shareholders of record as of August 1. What is the (a) declaration, (b) date of record, and (c) the date of payment? If Burlon Printing Company were preparing balance sheet on July 31, 2009, how would it report the dividends (if at all)?

Reference no: EM132544822

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What is the declaration and date of record

Reference no: EM132544822

Reference no: EM132544822

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