Question
On February 1, 2018, Happy Inc. declares a $1.50 per share cash dividend to shareholders of record on February 15, 2018 that will be paid
On February 1, 2018, Happy Inc. declares a $1.50 per share cash dividend to shareholders of record on February 15, 2018 that will be paid on March 1, 2018. Happy Inc. has 40,000 common shares authorized with 30,000 shares issued and outstanding.
a) Prepare the journal entry, if any, for February 1, 2018
b) Prepare the journal entry, if any, for February 15, 2018
c) Prepare the journal entry, if any, for March 1, 2018
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Government Auditing Standards 2011 Revision
Authors: U. S. Government Accountability Office, Comptroller General Of The United States
1st Edition
1482311372, 978-1482311372
