Question: Zhang Mining Company declared on April 20 a dividend of
Zhang Mining Company declared, on April 20, a dividend of ¥500,000 payable on June 1. Of this amount, ¥125,000 is a return of capital. Prepare the April 20 and June 1 entries for Zhang.
Answer to relevant QuestionsFogelberg Corporation is a regional company, whose securities are thinly traded. Fogelberg has issued 10,000 units. Each unit consists of a $500 par, 12% subordinated debenture and 10 shares of $5 par ordinary shares. The ...Before Smith Corporation engages in the treasury share transactions listed below, its general ledger reflects, among others, the following account balances (par value is £30 per share).InstructionsRecord the treasury share ...Go to the book’s companion website and use information found there to answer the following questions related to Cadbury and Nestlé.Instructions(a) What is the par or stated value of Cadbury’s and Nestlé’s ordinary ...What date or event does the profession believe should be used in determining the value of a share option? What arguments support this position?Norman Co., a fast-growing golf equipment company, uses IFRS. It is considering the issuance of convertible bonds. The bonds mature in 10 years, have a face value of €400,000, and pay interest annually at a rate of 4%. The ...
Post your question