Question
1.) Which of the following is not recorded with a journal entry? A. stock split B. dividend on the date of payment C. All of
1.) Which of the following is not recorded with a journal entry?
A. stock split
B. dividend on the date of payment
C. All of these choices require journal entries.
D. dividend on the date of declaration
2.) The numerator in the earnings per share calculation
A. represents only those earnings available to preferred stockholders.
B. represents earnings available to common and preferred stockholders.
C. None of these choices are correct.
D. represents only those earnings available to common stockholders.
3.) What is the total stockholders' equity based on the following data?
Common Stock | $900,000 |
Excess of Issue Price Over Par for C/S | 375,000 |
Retained Earnings | 50,000 |
A. $1,275,000
B. $1,225,000
C. $1,325,000
D. $900,000
4.) The date on which cash dividends are paid is on the
A. date of record.
B. date of payment.
C. last day of the fiscal year-end.
D. date of declaration.
5. The effect of the declaration of a cash dividend on a company's financial statements is to
A. increase total expenses and total liabilities.
B. increase total assets and stockholders' equity.
C. decrease total assets and stockholders' equity.
D. decrease stockholders' equity and to increase total liabilities.
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