Question

In: Accounting

Unclaimed dividend is shown on the liability side of the balance sheet of a company as ___________.

Unclaimed dividend is shown on the liability side of the balance sheet of a company as ___________.

A. Share Capital

B. Current Liabilities

C. Reserves & Surplus

D. Non-Current Liability

 

Solutions

Expert Solution

Correct option is B)

Share capital is reported by a company on its balance sheet in the shareholder's equity section.

Unclaimed dividend is a short term liability which need to be paid in the next years. This has to be shown as current liability in balance sheet.

Unclaimed dividend is shown on the liability side of a balance sheet under the head “Reserves and Surplus” along with capital. If a company incurs losses then it is not created.

Non-current liabilities are reported on a company's balance sheet along with current liabilities, assets, and equity.

 


Correct option is B)

Related Solutions

Calls in arrears' is shown in the balance sheet on the liability side _____________.
Calls in arrears' is shown in the balance sheet on the liability side _____________.A. By deducting the amount from the called up capitalB. Under the heading Reserves and SurplusC. By deducting the amount from the called up capital reservesD. By deducting the amount from the shares forfeited account
Per IFRS, which would be listed first in the Stockholders’ Equity/Liability side of the balance sheet?...
Per IFRS, which would be listed first in the Stockholders’ Equity/Liability side of the balance sheet? Select one: a. Current Liabilities b. Noncurrent Liabilities c. Share Capital d. Retained Earnings e. Treasury Stock
The draft balance sheet shown below has been prepared for Showers of Blessings, a limited liability...
The draft balance sheet shown below has been prepared for Showers of Blessings, a limited liability company, as at 31 December 2014: Assets GHS 000 Non-current assets 20,000 Current assets Inventories 3,000 Receivables 2,600 Cash at bank 1,900 7,500 Total assets 27,500 Equity and liabilities Capital and reserves Issued share capital (ordinary shares of 50p each) 6,000 Retained earnings 12,400 Non-current liabilities Loan notes (redeemable 2020) 2,000 Current liabilities Trade payables 2,100 22,500 Suspense account 5,000 27,500 The following further...
The balance sheet for AG Company is shown below. AG Company Balance Sheet 2016 Assets Liabilities...
The balance sheet for AG Company is shown below. AG Company Balance Sheet 2016 Assets Liabilities and Equity Cash…………………… $     60,000 Accounts payable…………….. $   220,000 Accounts receivable…... 240,000 Accrued taxes………………… 30,000 Inventory……………… 350,000 Bonds payable (long-term)…………………… 150,000 Plant and equipment…...    410,000 Common stock……………….. 80,000 Paid-in capital………………… 200,000 Retained earnings……………..     380,000 Total assets………... $1,060,000 Total liabilities and equity… $1,060,000 The Net Sales is 900,000, and Cost of Goods Sold is 400,000 for the year 2016, and the Beginning inventory...
Balance Sheet Preparation The December 31, 2016, balance sheet accounts of Hitt Company are shown here...
Balance Sheet Preparation The December 31, 2016, balance sheet accounts of Hitt Company are shown here in alphabetical order: Accounts Payable $20,800 Equipment $72,400 Accounts Receivable 21,000 Inventory 37,200 Accumulated Depreciation: Buildings 53,000 Land 30,000 Accumulated Depreciation: Equipment 35,100 Marketable Securities (short-term) 6,100 Additional Paid-in Capital on Common Stock 24,000 Patents (net) 9,500 Additional Paid-in Capital on Preferred Stock 11,500 Preferred Stock, $100 par 21,000 Allowance for Doubtful Accounts 800 Retained Earnings 53,740 Bonds Payable (due 2024) 77,000 Revenues 107,000...
Discuss in the detail the Balance Sheet. What is shown on the Balance Sheet? Why is...
Discuss in the detail the Balance Sheet. What is shown on the Balance Sheet? Why is the Balance Sheet important to a hospitality firm? (400 words required this sucject is hospitality accounting Please write clear your own thought or search the internet. Thank you!) this is all the requestments
The asset side of the 2017 balance sheet for Oracle Corporation is below. The company reported...
The asset side of the 2017 balance sheet for Oracle Corporation is below. The company reported total revenues of $37,728 million in 2017 and $37,047 million in 2016. Use this information to answer the required. Oracle Corporation CONSOLIDATED BALANCE SHEETS (excerpts) in millions May 31, 2017 May 31, 2016 Current assets: Cash and cash equivalents $ 21,784 $ 20,152 Marketable securities 44,294 35,973 Trade receivables, net of allowances for doubtful accounts of $319 and $327 as of May 31, 2017...
Wheeling Company is a merchandiser that provided a balance sheet as of September 30 as shown...
Wheeling Company is a merchandiser that provided a balance sheet as of September 30 as shown below: Wheeling Company Balance Sheet September 30 Assets Cash $ 59,000 Accounts receivable 90,000 Inventory 32,400 Buildings and equipment, net of depreciation 214,000 Total assets $ 395,400 Liabilities and Stockholders’ Equity Accounts payable $ 73,000 Common stock 216,000 Retained earnings 106,400 Total liabilities and stockholders’ equity $ 395,400 The company is in the process of preparing a budget for October and has assembled the...
Which of the following items is not shown onthe balance sheet of a hospitality company?...
Which of the following items is not shown on the balance sheet of a hospitality company?a. Current maturity of long-term debtb. Accounts payablec. Investments in employee trainingd. Accounts receivable
Wheeling Company is a merchandiser that provided a balance sheet as of September 30 as shown...
Wheeling Company is a merchandiser that provided a balance sheet as of September 30 as shown below: Wheeling Company Balance Sheet September 30 Assets Cash $ 74,800 Accounts receivable 114,000 Inventory 48,600 Buildings and equipment, net of depreciation 309,000 Total assets $ 546,400 Liabilities and Stockholders’ Equity Accounts payable $ 213,900 Common stock 216,000 Retained earnings 116,500 Total liabilities and stockholders’ equity $ 546,400 The company is in the process of preparing a budget for October and has assembled the...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT