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aleksley [76]
3 years ago
12

West company declared a $0.50 per share cash dividend. the company has 190,000 shares issued, and 10,000 shares in treasury stoc

k. the journal entry to record the dividend declaration is:
Business
2 answers:
Damm [24]3 years ago
4 0
To record the dividend declaration
   Ordinary Share Capital   $90000
          Dividend Payable         $90000
to record payment
     Dividend Payable         $90000
           Cash                            $90000

The amount is derived from the shares issued and outstanding so, the 190000 issued is deducted by 10000 treasury shares because treasury shares are reacquired by the company so it is not an outstanding share, then just multiply the answer with the dividend per share to arrive at $90000

190000-10000shares * $.50 =$90000
zloy xaker [14]3 years ago
4 0

The journal entry to record the dividend declaration is:

Debit Retained Earnings $90,000 and Credit Common Dividends Payable $90,000

The steps below are correct in how to solve for the journal entry. A dividend declaration is that date where a company lets everyone know their next dividend payment. There is usually a press release prior to the dividend paying out. Retained earnings describes the money left over after a business pays out dividends to their shareholders. Dividends payable is the money that is paid to their shareholders.

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Mark currently has a balance of $973.70 in an account he has held for 17 years. He opened the account with an initial deposit of
IrinaK [193]

Answer:

Simple interest= $273.7

Explanation:

<em>Simple interest is the interest on earned on the principal amount invested only. Kindly note that under this system, only the principal amount invested would earn interest over the course of the investment period</em>

<em> Simple interest is calculated as follows:</em>

Simple interest = Principal × Rate × Time

or

Simple interest = Future sum - Principal amount invested

DATA

Future sum- $973.70

Principal amount invested-700

Simple interest = 973.70 - 700=273.7

Simple interest= $273.7

5 0
3 years ago
Marguerite had been asked by her manager to write a summary of a seminar she had attended. Marguerite’s summary explained that t
Alja [10]

Answer:

language barriers

Explanation:

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Here jargon means unique words which unable to understand by the group of people

Therefore this is a language barrier during the seminar

5 0
2 years ago
Explain the concept of delegation of authority​
Archy [21]

Explanation:

Delegation of authority is a process that enables a person to assign a task to others. As a manager or leader, you're expected to perform several tasks and meet multiple deadlines. To ensure that you achieve your objectives on time, you delegate responsibility to your team members

6 0
3 years ago
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A single bond with a face value of $1,000 has a stated annual interest rate of 7.6%. The last bond traded on this day was 98.45%
Anestetic [448]

Answer:

$984.50

Explanation:

Cost of bond at closing = Par value * % Bond traded last

Cost of bond at closing = 1000 * 98.45%

Cost of bond at closing = $984.50

Thus,  the cost of bond at closing is $984.50

5 0
2 years ago
Jeff jones earns $1,200 per week. he is married and claims four withholding allowances. the social security rate is 6.2% on $118
myrzilka [38]
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4 0
3 years ago
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