REDMOND, Wash.-Nov. 29, 2017 Giga Tech. on Wednesday announced that its board of directors declared...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
REDMOND, Wash.-Nov. 29, 2017 – Giga Tech. on Wednesday announced that its board of directors declared a quarterly dividend of $0.19 per share. The dividend is payable March 8, 2018, to shareholders of record on Feb. 15, 2018. The ex-dividend date will be Feb. 14, 2018. Prepare the journal entries Giga Tech. used to record the declaration and payment of the cash dividend for its 8,700 million shares. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) View transaction list Journal entry worksheet 1 2 3 > Record the journal entry on the declaration date. View transaction list > Record the journal entry on the declaration date. 2 Record the journal entry on the date of record. 3 Record the journal entry on the payment date. Credit REDMOND, Wash.-Nov. 29, 2017 – Giga Tech. on Wednesday announced that its board of directors declared a quarterly dividend of $0.19 per share. The dividend is payable March 8, 2018, to shareholders of record on Feb. 15, 2018. The ex-dividend date will be Feb. 14, 2018. Prepare the journal entries Giga Tech. used to record the declaration and payment of the cash dividend for its 8,700 million shares. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) View transaction list Journal entry worksheet 1 2 3 > Record the journal entry on the declaration date. View transaction list > Record the journal entry on the declaration date. 2 Record the journal entry on the date of record. 3 Record the journal entry on the payment date. Credit
Expert Answer:
Related Book For
Principles of Accounting
ISBN: 978-1133626985
12th edition
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
Posted Date:
Students also viewed these accounting questions
-
On February 15, Mite Corporations board of directors declared a 2 percent stock dividend applicable to the outstanding shares of its $10 par value common stock , of which 400,000 shares are...
-
Precision Castparts, a manufacturer of processed engine parts in the automotive and airline industries, borrows $39 million cash on October 1, 2015, to provide working capital for anticipated...
-
On February 15, Asher Corporations board of directors declared a 2 percent stock dividend applicable to the outstanding shares of its $10 par value common stock , of which 400,000 shares are...
-
Below is list of ethical principles that a business might follow. Think of a situation where following each might not necessarily be the right thing. a. Follow contracts to the letter. b. Never...
-
A fragment of charcoal has been determined by carbon dating to be 4384 years old. Measurements show that it has an activity of 107 decays/min. What is the mass of the charcoal fragment?
-
A given volume of nitrogen, N2, required 68.3 s to effuse from a hole in a chamber. Under the same conditions, another gas required 85.6 s for the same volume to effuse. What is the molecular mass...
-
Consider a film of vapor in contact with a liquid. From a heat balance show that the mass flow rate in the vapor, \(\dot{m}\), per unit transfer area changes as \[\hat{h}_{\lg } \frac{d \dot{m}}{d...
-
1. Calculate the incremental, or marginal, cost per chair to LP of accepting the order from Southeast. 2. What assumptions did you make in calculating the incremental cost in Question 1? What...
-
A 10 year bond with 12.5% coupon rate and $1000 face value. YTM is 14.5%. Assuming annual coupon payment, Calculate the price of the bond
-
Two power plants are currently emitting 8,000 tons of pollution each (for a total of 16,000 tons) in City A. Marginal pollution reduction costs for Plant 1 are given by MCR 1 = 0.02 Q 1 and for Plant...
-
Why is it important for policymakers to consider both the direct and indirect effects of public policies?
-
Table of Interest Rates: Time Period Oyly Oy2y 0v3y lyly 2yly Consider the following bond: Exactly 3 years to maturity 9.7% coupon rate, paid annually $100 par value Bond is callable in exactly 1...
-
A 2-foot thick concrete (y-145 pcf) retaining wall is planned to be constructed as in the figure at right. The coefficient of base friction for the wall is 0.43. Question #1 (6 pts.): Determine the...
-
The three-time estimates (optimistic, most likely and pessimistic) for the duration of the individual activities which form a construction project are presented in Table 2.1 below. Activity A B C D E...
-
Andrew is then Manager of the A2Z Restaurant. He looked at the following figures and calculated the food cost % for the first six months of 2019: Express the Food cost as a % of sales for each month...
-
A rigid block of mass M is mounted on four elastic supports and the spring constant of each is k, as shown in the figure below. A small mass m drops from a height L and adheres to the rigid block...
-
What are the primary differences between due care and due diligence?
-
When the Department of Homeland Security created a color-coded system to prepare government officials and the public against terrorist attacks, what did it do right and what did it do wrong?
-
At the end of October, Santa Fe Companys management estimates the uncollectible accounts expense to be 1 percent of net sales of $1,385,000. Prepare the journal entry to record the uncollectible...
-
The Prepaid Insurance account began the year with a balance of $460. During the year, insurance in the amount of $1,040 was purchased. At the end of the year (December 31), the amount of insurance...
-
Maiden Corp. manufactures and sells travel clocks. Each clock costs $12.50 to produce and sells for $25. In addition, each clock carries a warranty that provides for free replacement if it fails...
-
As problems 5.18 and 5.19 reflect, the air temperature in the test section of conventional hypersonic wind tunnels is low. In reality, air liquefies at a temperature of about \(50 \mathrm{~K}\)...
-
The reservoir temperature calculated in problem 5.20 is beyond the capabilities of heaters in the reservoir of continuous-flow wind tunnels using air. This is why you do not see a Mach 20...
-
Write the \(y\) component of Eq. (6.7), and use it to derive Eq. (6.12). Equation 6.12: \(\frac{\partial(ho v)}{\partial t}+abla \cdot(ho v \mathbf{V})=-\frac{\partial p}{\partial y}+ho f_y\) V pfd7...
Study smarter with the SolutionInn App