Alpha Corporation has 25 million shares of common stock issued and outstanding On August 31 the board of directors voted a $1 20 per share cash dividend to stockholders of record as of September 5, payable September 30 Instructions (a) Prepare the journal entry for each of the dates above assuming ...

a 831 Retained Earnings 30000000 Dividends Payable 300000 ...

Alpha Corporation has 25 million shares of common stock issued and outstanding. On August 31 the board

Question:

Alpha has 25 million shares of issued and outstanding. On August 31 the board of directors voted a $1.20 per share cash to stockholders of record as of September 5, payable September 30.

Instructions
(a) Prepare the journal entry for each of the dates above assuming the represents a of earnings.
(b) How would the entry differ if the were a liquidating Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Corporation
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