Honda, the Japanese automobile company, declared and paid cash dividends in fiscal 2011 of ¥51 per share on 1,807.3 million shares. The declaration preceded the payment by 1 month. Prepare the journal entries relating to the declaration and payment of fiscal 2011 dividends by Honda.
Answer to relevant QuestionsOn January 1, 2013, Lyndon Systems granted its top executives options to purchase 6,000 shares of common stock (par $2) at an exercise price of $20 per share, the market price on January 1. The options have an estimated fair ...Assume that during 2011, Tompkins Financial Corporation repurchased 1,500 of its own shares at an average price of $38.67 per share. Par value was $.10 per share. Assume the shares were originally issued for $28. 1. Prepare ...In 2011 Fortune magazine listed Royal Dutch Shell as the world’s second largest corporation when ranked on sales and tenth largest when ranked on market value. Shell has multiple forms of common stock. It offers class A ...1. Suppose AT&T had originally issued 200 million shares of common stock, $1 par, for $15 cash per share many years ago. Prepare the journal entry. 2. Suppose AT&T had retained earnings of $5 billion by December 31, 20X2. ...Ahlbrandt Corporation had the following stockholders’ equity on December 31, 2011: Common stock: authorized 250,000,000 shares with $.01 par value, issued and outstanding 61,766,000 shares ..... $ 618,000 Additional ...
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