Lotoya Davis Corporation has 10 million shares o common stock issued and outstanding. On June 1, the board of directors voted an 80 cents per share cash dividend to stockholders of record as of June 14, payable June 30. Instructions Prepare the journal entry for each of the dates above assuming the dividend represents a distribution of earnings. How would the entry differ if the dividend were a liquidating dividend?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Lotoya Davis Corporation has 10 million shares o common stock issued and outstanding. On June 1, the board of directors voted an 80 cents ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
A. the marketing manager argues that a $9,000 increase in the monthly advertising budget would increase monthly sales by $20,000. calculate the increase or decrease in net operating income. 1-b. should the advertising budget be increased?
Answers (1)
A production order quantity problem has a daily demand rate = 10 and a daily production rate = 50. The production order quantity for this problem is approximately 750 units. What is the average inventory for this problem? A. 600 B. 245 C. 300 D.
Answers (1)
Inflation means: Specific prices are rising, and relative prices are falling. Both relative prices and average prices are rising. Relative prices are rising, but it is not certain what is happening to average prices.
Answers (1)
Daniel is a senior at state university. brian, daniel's father, is concerned about daniel's study habits, given that daniel spends most of his evenings at the campus pub instead of the library.
Answers (1)
Which sentence in the passage describes a situation where Karen needs to possess negotiation skills?
Answers (1)
New Questions in Business
Riverton Sails currently produces boat sails and is considering expanding its operations to include awnings for homes and travel trailers. The company owns land beside its current manufacturing facility that could be used for the expansion.
Answers (1)
Advertising should focus on benefits more than features. What are benefits? A. Ways a product will improve a customer's life by solving problems or making the customer feel good B. The notable qualities or characteristics of a product C.
Answers (1)
On January 1, Read, a nongovernmental not-for-profit organization, received $20,000 and an unconditional pledge of $20,000 for each of the next 4 calendar years to be paid on the first day of each year.
Answers (2)
Consumer products such as furniture and appliances are typically distributed using what kind of distribution
Answers (1)
The competitive firm's short-run supply curve is its A. marginal cost curve. B. marginal cost curve, but only the portion above the minimum of average total cost. C.
Answers (1)