The dates of importance in connection with a cash dividend declared and paid $55,350.

May 5th, 2015
Studypool Tutor
Price: $5 USD

Tutor description

The dates of importance in connection with a cash dividend declared and paid $55,350 on a corporation's common stock are February 6, March 9, and April 8. Illustrate the effects on the accounts and financial statements for each date.

Word Count: 337
Showing Page: 1/2
The dates of importance in connection with a cash dividend declared and paid of $55,350 on a corporation's common stock are February 6, March 9, and April 8. Illustrate the effects on the accounts and financial statements for each date.Three dates are involved in the distribution of a cash dividend. In this case,February 6 is the Date of Declaration. Cash dividend amounted $55,350 is declared byboard of directors in this day on common stock. A liability to make the payment comes into existence. The journal entry to record the declaration of cash dividend is as: Date

Review from student

Studypool Student
" Excellent work as always thanks so much "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1819 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors