Question: declared a So 50 per share cash dividend on its common shares. The company has 43,000 shares authorized, 22.800 31 shares issued, and 17,200 shares

declared a So 50 per share cash dividend on its common shares. The company has 43,000 shares authorized, 22.800 31 shares issued, and 17,200 shares of common stock outstanding The journal entry to record the dividend declaration is poins 2 Debit Reained Eanings $8.600 credit Common Dividends Peyable $8,600 Debit Common Dividends Payable $8.600, credt Cash $8.600 Dest Retained ning $1400. cest Common Diviens Peyabie 5$1400

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!

for the system shown below, design the complete oc protection using the idmt relays. thus, decide the ct ratios, the plug settings and the tms at all locations. 115 A 1500 A 6000 A 80 A 1000 A 77 A...

hutter corporation declared a .50 per share cash dividend on its common shares. The company has 39000 shares authorized, 20,400 shares issued, and 15,600 shares of common stock outstanding. The...

om december 1, Vetoria Company On December 1, Victoria Company signed a 90-day, 7% note payable, with a face value of $6,000. What amount of interest expense is accrued at December 31 on the note?...

Hutter Corporation declared a $0.50 per share cash dividend on its common shares. The company has 20,000 shares authorized, 9,000 shares issued, and 8,000 shares of common stock outstanding. The...

Hutter Corporation declared a $0.50 per share cash dividend on its common shares. The company has 34,000 shares authorized, 17.400 shares issued. and 13,600 shares of common stock outstanding. The...

2 Hutter Corporation declared a $0.50 per share cash dividend on its common shares. The company has 20,000 shares authorized, 9,000 shares issued, and 8,000 shares of common stock outstanding The...

20) Hutter Corporation declared a $0.50 per share cash dividend on its common shares. The company has 42,000 shares authorized, 22,200 shares issued, and 16,800 shares of common stock outstanding....

PLEASE ANSWER ALL THE QUESTIONS, OR I WILL SUBMIT AS INCOMPLETE 21. When preparing the operating activities section of the statement of cash flows using the indirect method, depreciation is...

Hutter Corporation declared a $0.50 per share cash dividend on its common shares. The company has 43,000 shares authorized, 22,800 shares issued, and 17,200 shares of common stock outstanding. The...

A corporation declared a $0.50 per share cash dividend on its common shares. The company has 20,000 shares authorized, 9,000 shares issued, and 8,000 shares of common stock outstanding. The journal...

On November 15, 2021, Hutter corporation declared a $0.50 per share cash dividend on its common shares. THe company has 43,000 shares authorized, 22,800 shares issued adn 17,200 shares of common...

On June 27, 1996, an article appeared in the Wall Street Journal presenting the results of a nationwide poll regarding the White House procurement of FBI files on prominent Republicans and related...

You have been engaged to audit the financial statements of Quinn Corporation for the year ended December 31, 2010.During the year Quinn obtained a long-term loan from a local bank. The finance terms...

Spread effect is periodic cash flow of interest and principal amortisation payments on long - term assets that can be reinvested at market rates. True False

10) For a bond that pays cash interest (i.e., not a zero coupon bond), YTM is (a) always equal to the coupon rate (b) always equal to the current yield (c) is always less than the coupon rate (d) can...

Social benefits and programmes (flexible benefit plans, workplace childcare programmes, career-break schemes and maternity leave programmes) will be less prevalent in countries with higher levels of...

2 What are the connections between incentives provided by corporations and the cultural requirements of people working within them?

a valuing of personal and psychological privacy;