Dodger Inc. declares a $2.00 per share dividend on 100,000 outstanding shares of common stock on...

 

Transcribed Image Text:

Dodger Inc. declares a $2.00 per share dividend on 100,000 outstanding shares of common stock on February 1, 2020 to shareholders of record on February 15, 2020. The dividend will be paid on February 28, 2020 a. What date does the dividend become an obligation of the company? b. What is the transaction on February 1? Assets Liabilities Stockholders' Equity c. What is the transaction on February 15? Assets Liabilities Stockholders' Equity d. What is the transaction on February 28? Assets Liabilities Stockholders' Equity Dodger Inc. declares a $2.00 per share dividend on 100,000 outstanding shares of common stock on February 1, 2020 to shareholders of record on February 15, 2020. The dividend will be paid on February 28, 2020 a. What date does the dividend become an obligation of the company? b. What is the transaction on February 1? Assets Liabilities Stockholders' Equity c. What is the transaction on February 15? Assets Liabilities Stockholders' Equity d. What is the transaction on February 28? Assets Liabilities Stockholders' Equity

Answer rating: 100% (QA)

Answer a On February 12020 Divient becomes obligation of the company It will b... View the full answer