tor Activation Exercise 11-2: Cash Divi Terms and Definitions A cash dividend occurs when the v of a corporation authorizes the cash distribution of earnings to its shareholders. In addition, a company must have and In order to declare a cash dividend. Understanding the Business Transaction Cash dividends are declared on a per share basis. The total amount of dividends to be paid for esch class of stock is determined by mutpying the dividends per share by the number of shares King Corporation declares cash dividends as shown below. The dividends were formally authorized for payment on November i for shareholders of record on November 20 and will be paid in cash to shareholders on December 15. Determine the total dividends declared on King's common and preferred stock. Dividends Outstanding per share Total Dividends Shares Common Stock, $10 par 133,000 s2.25 Preferred Stock, $4 par 50,000 $0.35 Total dividends There are three dates associated with a dividend announcement: the date of declaration, date of record, and date of payment. The date of declaration is the date record is the date .In order to distribute dividends, a corporation must keep track of its stockholders. The date of . The date of payment is the date Based on the data provided above for King Company, identify the date of declaration, date of record, and date of payment for dividends on King's common and preferred stock. PreviousNext record is the date .The date of payment is the date Based on the data provided above for King Company, identify the date of declaration, date of record, and date of payment for dividends on King's common and preferred stock. Date of Declaration Date of Record Date of Payment Recording in the Accounting System Journalize the entries that King Company will record on the date of declaration, date of record, and date of payment. If no entry is required select "No Entry Required" and leave the amount boxes blank or enter "0". Nov. 1 Nov. 20 Dec. 15 At the end of the accounting period, the balance in Cash Dividends will be transferred to a result, dividends as part of the closing process. As the balance in Retained Earnings. Nov. 20 Dec. 15 At the end of the accounting period, the balance in Cash Dividends will be transferred to a result, dividends as part of the closing process. As the balance in Retained Earnings. Financial Statement Impact Prince Corporation declares cash dividends for the current year as indicated here. The dividends were formally authorized for payment on October 1 for shareholders of record on November 4 and will be paid in cash to shareholders on December 1. 1. Prince Corporation has 100,000 shares outstanding, and declares dividends of s2.00. Use the sliders above to answer parts a., b, and c a. What is the total amount of dividends that Prince Corporation declared in the current year? b. A liability will be incurred for the dividends declared on c. The liability to shareholders will be paid on 2. Prince Corporation has 250,000 shares outstanding, and declares dividends of so.50. Use the sliders above to answer parts a., b., and a. What is the total amount of dividends that Prince Corporation declared in the current year? b. As the amount of dividends declared increase, Retained Earnings will c. The cash payment of the dividends on will on Retained Earnings. Previous Next tor Activation Exercise 11-2: Cash Dividends Terms and Definitions A cash dividend occurs when the addition, a company must have of a corporation authorizes the cash distribution of earnings to its shareholders. In | in order to declare a cash dividend. and Understanding the Business Transaction normal profits Cash dividends are declared on a per share basis. Th the dividends per share by the number of shares higher than normal profits King Corporation declares cash dividends as shown below. The dividends were formally authorized for payment on November 1 for shareholders of record on November 20 and will be paid in cash to shareholders on December 15. Determine the total dividends declared on King's common and preferred stock. be paid for each class of stock is determined by multiplying Dividends Outstanding per share Shares Total Dividends Common Stock, $10 par 133,000 $2.25 Preferred Stock, $4 par 50,000 $0.35 Total dividends There are three dates associated with a dividend announcement: the date of declaration, declaration is the date record is the date date of record, and date of payment. The date of . In order to distribute dividends, a corporation must keep track of its stockholders. The date of . The date of payment is the date Based on the data provided above for King Company, Identify the date of declaration, date of record, and date of payment for dividends on (Ph PreviousNext Activation Exercise 11-2: Cash Dividends Terms and Definitions A cash dividend occurs when the of a corporation authorizes the cash distribution of earnings to its shareholders. In and addition, a company must have in order to declare a cash dividend. Understanding the Business Transaction Cash dividends are declared on a per share basis. The total amount of dividends to be paid for each class of stock is determined by multiplying the dividends per share by the number of sharesY King Corporation declares cash dividends as shown below. The dividends were formally authorized fo shareholders of record on November 20 and will be paid in cash to shareholders on December 15. Determine the total div King's common and preferred stock. idends declared on Dividends Outstanding per share Shares Total Dividends Common Stock, $10 par 33,000 $2.25 Preferred Stock, $4 par 50,000 $0.35 Total dividends the corporation incurs a liability for the dividend the corporation pays the dividend to stockholders payment. The date of ckholders. The date of There are three dates associated with a dividend aused to determine which stockholders will receive the dividend declaration is the date record is the date . In ord . The date of payment is the date record, and date of payment for dividends on Based on the data provided above for King Company, identify the date of deciaration, date of PreviousNext Terms and Definitions A cash dividend occurs when the addition, a company must have of and in order to declare a cash dividend. Understanding the Business Transaction Cash dividends are declared on a per share basis. The total amount of dividends to be paid for each class of stock is determined by multiplying the dividends per share by the number of shares King Corporation declares cash dividends as shown authorized shareholders of record on November 20 and will bes King's common and preferred stock. ends were formally authorized for payment on November 1 for hareholders on December 15. Determine the total dividends declaresd issued outstanding Total Shares Outstanding 133,000 Div per share Dividends $2.25 50,000 $0.35 Preferred Stock, $4 par Total dividends There are three dates associated with a dividend announcement: the date of declaration, date of record, and date of payment. The date of declaration is the date record is the date . In order to distribute dividends, a corporation must keep track of its stockholders. The date of . The date of payment is the date Based on the data provided above for King Company, identify the date of declaration, date of record, and date of payment for dividends on King's common and preferred stock. (Pr Next The date of payment is the date Based on the data provided above for King Company, identify the date of decia King's common and preferred stock ration, date of record, and date of payment for dividends on Date of Declaration Date of Record Date of Payment Recording in the Account November 20 entries thatDecember 15 DcOr 5l record on the date of declaration, date of record, and date of payment. Itf no entry is required, select "No Entry Required" and leave the amount boxes blank or enter "O" Nov. 20 Dec. 15 At the end of the accounting period, the balance in Cash Dividends will be transferred to a result, dividends the balance in Retained Earnings. Previous Next record is the date . The date of payment is the date Based on the data provided above for King Company, identify the date of declaration, date of record, and date of payment for div King's common and preferred stock. Date of Declaration Date of Record Date of Payment Recording in the Accounting System Company will record on the date of declaration, date of record, and date of payment. If no entry i select Cash Dividendseave the amount boxes blank or enter "O". Nov. 1 Cash Nov. 20No Entry Required Dec. 15 At the end of the accounting period, the balance in Cash Dividends will be transferred to a result, dividends the balance in Retained Earnings. Previous Ring's common and preferred stock CUmpany, identify the date of declaration, date of record, and date of payment for divid Date of Declaration Date of Record Date of Payment Recording in the Accounting System Dournalize the entries that King Company will record on the date of declaration, date of record, and date of payment. If no entry is select "No Entry Required" and leave the amount boxes blank or enter "0". Nov. 1 Nov. 20 decrease increase have no effect orn Dec. 15 At the end of the abalance in Cash Dividends will be transferred to a result, dividends as part of the closing the balance in Retained Earnings. Previous