Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 14, 2024

A corporation declares a dividend of $2.00 per share on 12,000 shares of common stock. Which of the following is included in the entry to

A corporation declares a dividend of

$2.00

per share on

12,000

shares of common stock. Which of the following is included in the entry to record the declaration?

A.Dividends

PayableCommon

is debited for

$24,000.

B.Cash Dividends is credited for

$24,000.

PaidIn

Capital in Excess of

ParCommon

is credited for

$24,000.

D.Cash Dividends is debited for

$24,000.

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

Recommended Textbook for

Strategy Mapping An Interventionist Examination Of A Homebuilders Performance Measurement And Incentive Systems

Authors: Kenneth Merchant

1st Edition

0080965946, 9780080965949

More Books

Students also viewed these Accounting questions

Question

★★★★★

Find the shortest distance between the following pairs of parallel lines. [x y z]T = [3 0 2]T + t[3 1 0]T [x y z]T = [-1 2 2]T + t[3 1 0]T

Answered: 1 week ago

Question

★★★★★

Air enters a compressor at ambient conditions of 15 psia and 60F with a low velocity and exits at 150 psia, 620F, and 350 ft/s. The compressor is cooled by the ambient air at 60F at a rate of 1500...

Answered: 1 week ago

Question

★★★★★

5. How is Mr. Bonner encouraging Marcuss self-efficacy?

Answered: 1 week ago

Question

★★★★★

The cost of materials transferred into the Filling Department of Savannah Lotion Company is $ 13,300, including $ 5,000 from the Blending Department and $ 8,300 from the materials storeroom. The...

Answered: 1 week ago

Question

★★★★★

You want your daughter to be a millionaire. She is 6 years old today when you deposit $42,000 in an account that earns 5.8% per year. The funds in the account will be distributed to your daughter...

Answered: 1 week ago

Question

★★★★★

The folliowing infomation is for three of x Company's products: can be increased br 540,200 , If x Company does drop Product and increases sales of Product B,x Company's peofits wit change by

Answered: 1 week ago

Question

★★★★★

Imperial Jewelers manufactures and sells a gold bracelet for $189.95. The company's accounting system says that the unit product cost for this bracelet is $149.00 as shown below: Direct materials...

Answered: 1 week ago

Question

★★★★★

What are domestic and/or international attention due to Parkes Elvis festival media coverage?

Answered: 1 week ago

Question

★★★★★

2) Draw the Mohr's circle diagram, find the principal stresses (i.e., normal and shear), and determine the angle from the x-axis to the direction of the first principle stress 1. x = 6 MPa, y = -5...

Answered: 1 week ago

Question

★★★★★

For the beam shown, find the reactions at the supports and plot the shear-force and bending-moment diagrams. V=9 kN, V2= 9 kN, V3=200 mm, and V4 = 1100 mm. Provide values at all key points shown in...

Answered: 1 week ago

Question

★★★★★

F | Pic 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Chrome File Edit View History Gmail Uplo X W YouTube Ade X 1 = Adeyemi Case Narrative.pdf 2 Maps Bookmarks Profiles Tab Window Ade X...

Answered: 1 week ago

Question

★★★★★

=+2. You are now a social media intern for the Kentucky Derby and Churchill Downs. You have been asked to update a writing style guide for social media for all of their platforms (Facebook, Twitter,...

Answered: 1 week ago

Question

★★★★★

=+4. What are some best practices when it comes to writing for social media? What are some things to avoid doing on social media?

Answered: 1 week ago

Question

★★★★★

=+your writing skills on social media, what pieces of content would you want to create based on the Under Armour brand voice?

Answered: 1 week ago

Previous Question Next Question