On April 15, 2014, the board of directors for Auction.com declared a cash dividend of 65 cents per share payable to stockholders of record on May 20. The dividends will be paid on June 14. The company has 100,000 shares of stock outstanding. Prepare any necessary journal entries for each date.
Answer to relevant QuestionsThe 2011 annual report for Philip Morris Companies, Inc., disclosed that 4 billion shares of common stock have been authorized. At the end of 2010, a total of 2,109,316,331 shares had been issued and the number of shares in ...On-line Learning Corporation obtained a charter at the start of 2014 that authorized 52,000 shares of no-par common stock and 23,000 shares of preferred stock, par value $10. The corporation was organized by four individuals ...On July 1, 2014, Davidson Corporation had the following capital structure:Common stock (par $1) ... $600,000Capital in excess of par ... 900,000Retained earnings ...... 700,000Treasury stock ........ −0−Required:Complete ...During 2014, James Company acquired some of the 50,000 outstanding shares of the common stock, par $12, of Andrew Corporation as available-for-sale investments. The accounting period for both companies ends December 31. Give ...Surge Corporation had outstanding 120,000 shares of no-par common stock. On January 10, 2014, Crash Company purchased a block of these shares in the open market at $25 per share for long-term investment purposes. At the end ...
Post your question