Assume that you owned 800 shares in Cipper Corporation, shown under The Effects of Dividends on Shareholders'
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Question:
- Assume that you owned 800 shares in Cipper Corporation, shown under The Effects of Dividends on Shareholders' Equity on the content page. Calculate what you would receive from a cash dividend and from a stock dividend. Which would you prefer? Fully explain why.
- TD Bank has 910,000,000 shares outstanding and pays a quarterly dividend of $0.72 per share. Assume you own 500 shares.
- Record the journal entry for TD Bank on April 1 when the dividend is declared.
- How much would you receive if you choose to receive the dividends on your 500 shares in cash?
- Marinelli Corporation has $50,000 to pay out in dividends. On June 15 they declare a $1.50 per share dividend on their 16,000 preferred shares and the remainder will be paid out to their 52,000 common shares.
- Record the journal entry on June 15 when the dividend is declared.
- Record the journal entry on June 30 when the dividend is paid.
- What would be the dividend per share on the common shares?
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