Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 04, 2024

Company Alphabet Inc. paid cash dividends of $2.00 per share on its 10,000 outstanding shares of common stock. Calculate the total dividends paid by Alphabet

Company Alphabet Inc. paid cash dividends of $2.00 per share on its 10,000 outstanding shares of common stock. Calculate the total dividends paid by Alphabet Inc. and prepare the journal entry to record the payment of dividends. Discuss the significance of dividends for shareholders and the company's dividend policy in shareholder wealth maximization.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_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

Intermediate Accounting

Intermediate Accounting

Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones

10th Edition

324300980, 978-0324300987

More Books

Students also viewed these Accounting questions

Question

★★★★★

A paint company has two types of bases from which it blends two types of paints: Tuffcoat and Satin- wear. Each base has a certain proportion of ingredients X, Y, and Z, as shown in the table at the...

Answered: 1 week ago

Question

★★★★★

Because you are thankful for what you learned in engineering economy, you plan to start a permanent scholarship fund in the name of the professor who taught the course. You plan to deposit money now...

Answered: 1 week ago

Question

★★★★★

f. How do you apply for the position?

Answered: 1 week ago

Question

★★★★★

Valentine Investigations has the following information for its cash account: Balance, 1/31 ..............$ 5,030 Deposits during February ......... 93,160 Checks written during February ...... 92,270...

Answered: 1 week ago

Question

★★★★★

Leaders tended to hire Ivy League educated personnel who were ambitious and self-serving. The personnel tended to be very individualistic in their greed for personal gain. How would Aristotle's...

Answered: 1 week ago

Question

★★★★★

C 2 H 6 O 2 + NaOH + 6 H 2 O C 2 H 3 NaO 3 + O 2 + 3 H 2Hydrogen is produced at the cathode, oxYGEN AT THE ANODE .Mass balance to produce 5000 tonnes a year of glycolic acid, formic acid and oxalic...

Answered: 1 week ago

Question

★★★★★

Selected sales and operating data for three divisions of different structural engineering firms are given as follows: Division A Division B Division C Sales $ 12,180,000 $ 14,210,000 $ 25,375,000...

Answered: 1 week ago

Question

★★★★★

The Austin Manufacturing Company wants to develop a cost estimating equation for its monthly cost of electricity. It has the following data: Month Cost of Electricity Direct Labor Hours January...

Answered: 1 week ago

Question

★★★★★

12. Portfolio Variance (LO2, CFA5). Use the following information to calculate the expected return and standard deviation of a portfolio that is 50 percent invested in 3 Doors, Inc., and 50 percent...

Answered: 1 week ago

Question

★★★★★

Can you calculate the NPV, IRR, and Payback for the following information: The minimum price for a condominium unit is $300,000, and buyers expect a high-quality project. Response to the initial...

Answered: 1 week ago

Question

★★★★★

Diman, lessor leased a lot to Dili, lessee for 15 years beginning January 2019, subject to the following terms and conditions: Mothly rental 200000 Advance rental for 2 years 480000 Security deposit...

Answered: 1 week ago

Question

★★★★★

1. Alejandro knows that he needs $32,100 per year to live comfortably now. He plans to retire in about 39 years and plans to be retired for about 23 years after that. Determine... a. [2 pts] how much...

Answered: 1 week ago

Question

★★★★★

QUESTION 15 The total contribution margin at the break-even point O a. equals total fixed costs. b.is zero. Oc. plus total fixed costs equal total revenues. O d. is greater than total variable costs

Answered: 1 week ago

Question

★★★★★

The Coca-Cola Company and PepsiCo, Inc. Instructions Go to the KWW website and use information found there to answer the following questions related to The Coca-Cola Company and PepsiCo, Inc. (a)...

Answered: 1 week ago

Question

★★★★★

explain the differences between an absorption costing and a variable costing system; LO1

Answered: 1 week ago

Question

★★★★★

prepare profit statements based on a variable costing and absorption costing system; LO1

Answered: 1 week ago

Previous Question Next Question