Answered step by step
Verified Expert Solution
Question
1 Approved Answer
4 Help H&N Industries produces chocolate bars and snacks under the brand names Blast and Soothe. A press release contained the following information March
4 Help H&N Industries produces chocolate bars and snacks under the brand names Blast and Soothe. A press release contained the following information March 5-H&N Industries today announced that its Board of Directors has declared a special "one-time cash dividend of $1.30 per share on its 95.000 outstanding common shares. The dividend will be paid on April 29 to shareholders of recond at the close of business on March 26. The Company's fiscal year will end April 30 Required: 1. Prepare any journal entries that H & N Industries should make on the four dates mentioned in the press release 2. What would the board of directors have considered before making the dividend decisions? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare any journal entries that H & N Industries should make on the four dates mentioned in the press release. If no entry is required for a transaction/date, select "No Journal Entry Required" in the first account field) View transaction Bet Journal entry worksheet Record the declaration of a cash dividend of $1.30 per share payable on the 95,000 shares of common stock outstanding Save & Exit Sub Check my work
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started