1.) Doggo Co. Declares a $50,000 cash dividend to its common shareholders on January 2nd. The...

1.) Doggo Co. Declares a $50,000 cash dividend to its common shareholders on January 2nd. The date of record is January 18th and the date of payment is January 31st. Make all necessary journal entries for this:

2.) Puppy Inc. declares $80,000 in dividends on July 5th 2020. The date of record will be July 18th, and the payment date will be July 20th. The company has 2,000 shares of 10%, $40 par cumulative preferred stock issued and outstanding. The company also has 20,000 shares of $2 par common stock. The company paid no dividends in 2019 Journalize all necessary entries for this.

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ekkarill92 answered 2 years ago

Raptor Corporation declares a dividend permitting its common shareholders to elect to receive 9 shares of...

Raptor Corporation declares a dividend permitting its common shareholders to elect to receive 9 shares of cumulative preferred stock or 3 additional shares of Raptor common stock for every 10 shares of common stock held. Raptor has only common stock outstanding (fair market value of $45 per share). One shareholder elects to receive preferred stock, while the remaining shareholders choose the common stock. Raptor wants to know whether the shareholders recognize any gross income on the receipt of the stock....

A cash distribution of earnings by a corporation to its shareholders is a cash dividend. Although...

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imagine a company that has never and will never pay any dividend to its common shareholders....

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Hartley Corp. just paid its annual dividend of $1.60 to its common shareholders. It expects dividends...

Hartley Corp. just paid its annual dividend of $1.60 to its common shareholders. It expects dividends to grow at an annual rate of 20% for the next 3 years, followed by a constant rate of 5% thereafter (indefinitely). The required return on Hart common stock is 10%. What is intrinsic value of Hartley common stock? Select one: a. $60.83 b. $49.35 c. $32.72 d. $34.27 e. $64.26

1. Pillsbury Company declares and distributes a 30% common stock dividend when it has 40,000 shares...

1. Pillsbury Company declares and distributes a 30% common stock dividend when it has 40,000 shares of $10 par common stock outstanding. The market price per share is $40 at the date of declaration. Which journal entry is prepared? A.debit Retained Earnings $480,000 credit Common Stock $120,000 credit Paid−in Capital in Excess of Par—Common $360,000 B.debit Retained Earnings $120,000 credit Common Stock $120,000 C.debit Retained Earnings $480,000 credit Common Stock $480,000 D.debit Retained Earnings $480,000, credit Paid−in Capital in Excess...

Stock Dividends On August 1, 2020, Perkins declares a 15% Common Stock dividend. The market (fair)...

Stock Dividends On August 1, 2020, Perkins declares a 15% Common Stock dividend. The market (fair) value of the stock on August 1, 2020, is $30 per share. August 15, 2020, is the date of record. The stock dividend will be distributed on August 31, 2020. Instructions: (a) Prepare all required journal entries for August 1, 15, and 31, 2020. If no journal entry is required, state NA. (b) Assume that Perkins declares a 30% Common Stock dividend instead of...

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On January 1, 2016, Fascom had the following account balances in its shareholders' equity accounts. Common...

On January 1, 2016, Fascom had the following account balances in its shareholders' equity accounts. Common stock, $1 par, 247,000 shares issued 247,000 Paid-in capital - excess of par, common 494,000 Paid-in capital - excess of par, preferred 165,000 Preferred stock, $100 par, 16,500 shares outstanding 1,650,000 Retained earnings 3,300,000 Treasury stock, at cost, 4,700 shares 23,500 During 2016, Fascom Inc. had several transactions relating to common stock. January 15: Declared a property dividend of 100,000 shares of Slowdown Company...

On January 1, 2021, Fascom had the following account balances in its shareholders' equity accounts. Common...

On January 1, 2021, Fascom had the following account balances in its shareholders' equity accounts. Common stock, $1 par, 253,000 shares issued $ 253,000 Paid-in capital–excess of par, common 506,000 Paid-in capital–excess of par, preferred 115,000 Preferred stock, $100 par, 11,500 shares outstanding 1,150,000 Retained earnings 2,300,000 Treasury stock, at cost, 5,300 shares 26,500 During 2021, Fascom Inc. had several transactions relating to common stock. January 15: Declared a property dividend of 100,000 shares of Slowdown Company (book value $10.3...

Sandhill Technologies Inc. reported the following information related to its shareholders’ equity on January 1: Common...

Sandhill Technologies Inc. reported the following information related to its shareholders’ equity on January 1: Common shares, 1,200,000 authorized, 600,000 shares issued $1,800,000 Contributed surplus—reacquisition of common shares 14,160 Retained earnings 714,000 During the year, the following transactions related to common shares occurred in the order listed: 1. Issued 38,000 shares at $4.00 per share. 2. Reacquired 10,800 shares at $3.00 per share. 3. Issued 4,900 shares at $4.60 per share. 4. Reacquired 18,900 shares at $4 per share. 5....

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