Question: 4. On March 13, 2005, Microsunk Corp. today announced that its Board of Directors declared a regular quarterly dividend of 8 cents per share. The

4. On March 13, 2005, Microsunk Corp. today announced that its Board of Directors
declared a regular quarterly dividend of 8 cents per share. The dividend is payable
May 4, 2005, to shareholders of record on February 17, 2005. Microsunk has
10,862,000,000 outstanding shares.
Record all the applicable journal entries

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

The Davis Lamp Company (DLC) is a wholesale company that purchases lamps from the manufacturer and resells them to retail stores. The company has three inventory items: desk lamps, table lamps, and...

Q:

I need help please Chapter 18 Hw 19. 10.00 points Following is a recent Microsoft press release: REDMOND, Wash.-March 15, 2014 Microsoft Corp. today announced that its board of directors declared a...

Q:

(*) indicate what I am needing on the journal entries. Thanks REDMOND, Wash.March 15, 2014 Microsoft Corp. today announced that its board of directors declared a quarterly dividend of $0.18 per...

Q:

Following is a recentMicrosoftpress release: REDMOND, Wash.September 18, 2009 Microsoft Corp. today announced that its board of directors declared a quarterly dividend of $0.13 per share. The...

Q:

Following is a recent Microsoft press release: REDMOND, Wash.March 15, 2011 Microsoft Corp. today announced that its board of directors declared a quarterly dividend of $0.20 per share. The dividend...

Q:

On November 16, 2016, Dr Pepper Snapple Group, Inc. (NYSE: DPS) made the following announcement: Dr Pepper Snapple Group, Inc. (NYSE: DPS) today announced that its Board of Directors declared a...

Q:

1 1000 points Following is a recent Microsoft press release: REDMOND, Wash.-March 15, 2014- Microsoft Corp. today announced that its board of directors deciared a quarterly dividend of $0.18 per...

Q:

How does Kellogg's dividend announcement impact its financial statements? On October 23, 2020, the Kellogg Company (brands include Kellogg's, Pringles, Eggo, Cheez-It, and many others) made the...

Q:

Question 4 1.5 pts On September 18th, 2019 Microsoft Corp. announced that its board of directors declared a quarterly dividend of $0.51 per share, reflecting a 5 cent or 11% increase over the...

Q:

The first image is the original question, the rest are the answer choices for each box. Question 4 1.5 pts On September 18th, 2019 Microsoft Corp. announced that its board of directors declared a...

Q:

Help Save ter 18 3 Following is a recent Microsoft press release: REDMOND, Wash.--Nov. 29, 2017 - Microsoft Corp. on Wednesday announced that its board of directors declared a quarterly dividend of...

Q:

Types and Forms of Inventory Costs for a Manufacturer what are the three types of costs incurred by a manufacturer? What are the three forms that inventory can take for a manufacturer?

Q:

Hardy Boys Detective Agency hired Nancy Drew to work on an investigation. Nancy initially asked for $5,000 to do the work. However after starting the investigation Nancy realized she underestimated...

Q:

2. Marketing deals with: (a) Procurement of raw materials. (b) Design of products and services. (c) Identifying customer needs. (d) Transforming resources into products.

Q:

The first scenario will be a Verbal Judo scenario in which your scenario follows the standard Verbal Judo interaction: You need to ask somebody to modify their behavior either to do something or to...

Q:

5. What are the challenges of managing IT infrastructure and management solutions?

Q:

2. What solutions are available for these problems? Are they management, organizational, or technology solutions? Explain your answer. Whats too hot to handle? It might very well be your companys...

Q:

4. What are the current trends in computer software platforms?