Question: On November 1 6 , 2 0 2 3 , Home Depot declared a $ 2 . 2 5 per share cash dividend on all

On November 16,2023, Home Depot declared a $2.25 per share cash dividend on all outstanding shares. What is the effect on Home Depot's financial statements when they pay this dividend on December 14,2023?

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:

Jarmuz Management Services began business on January 1, 2014, with a capital investment of $120,000. The company manages condominiums for owners (Service Revenue) and rents space in its own office...

Q:

On October 1, 2021, "We Got This" Corporation receives permission to replace its $1 par value common stock (5,000,000 shares authorized, 3,000,000 shares issued, and 2,900,000 shares outstanding)...

Q:

At September 30, the end of Beijing Company's third quarter the following stockholders' equity accounts are reported. on stack Connon stock, 312 par value Paid-in capital in excess of par value...

Q:

can someone help me with these questions please? thanks! XCIO Question 18 On January 2, 2018. Luther Sales issued $10,000 in bonds for $9.400. They were 5-year bonds with a stated rate of 4%, and pay...

Q:

Return to question 4 Required information FThe following information applies to the questions displayed below) Part 10 The equity sections for Atticus Group at the beginning of the year (January 1...

Q:

4 0 Part 1 of 5 10 points Required information [The following information applies to the questions displayed below) The equity sections for Atticus Group at the beginning of the year (January 1) and...

Q:

Alex Corporation reports the following components of stockholders' equity at December 31 of the prior year. Connon stock-$25 par value, 60,000 shares authorized, 36,880 shares $ 900,00 Paid-in...

Q:

The Equity section from 2020 and 2021 balance sheets of Fab-Form Industries Inc. is given in the Excel sheet. On march16, June 15, September 5, and November 22,2021, the board of directors declared...

Q:

Problem 11-4A Analyzing changes in stockholders equity accounts LO C3, P2, P3 [The following information applies ta the questions displayed below] The equity sections for Atticus Group at the...

Q:

Required Information [The following information applies to the questions displayed below) The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December...

Q:

8 8 C-38 par valut, 100, shares authorised 50,000 shares and outstanding Pald.in capital in extes of paraut, stock Betained earnings Total stockholders' uity 31,000, 31.100.000 20 DO 3 During 2019,...

Q:

Doll Furniture gives you the following information for the year ending December 2020. Production 20,000 units Sales 18,000 units There is no opening stock of goods Direct material per unit OMR 2...

Q:

Alex Alert is the in-house Certified Public Accountant for a large manufacturing firm. President asks Alex to prepare a pro forma schedule to be used by the president's personal tax preparer in the...

Q:

which of the following sedative-hypnotic medications would be contraindicated in a patient taking carbamazepine due to its metabolism via the cyp3a4 pathway? a) trazodone; b) rozerem; c) zolpidem; d)...

Q:

Eddie Industries issues $886,000 of 8% bonds at 103. The amount of cash received from the sale is a.$886,000 b.$912,580 c.$859,420 d.$956,880