1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kotegsom [21]
2 years ago
12

On the _________________________date, the dividend to be paid is recorded as a _______________________, and retained earnings ar

e by the same amount. If the company lists a stockholder as an owner on the___________________ , the stockholder receives the dividend for that period.
Business
1 answer:
umka21 [38]2 years ago
7 0

Answer: The answers are DECLARATION; LIABILITY; REDUCED; HOLDER-OF-RECORD DATE

Explanation: Dividend is a sum of money aid regularly by a company to its owners. A Stockholder listed as an owner on the holder-of- record date is entitled to dividend when declared.

When a dividend is declared, it is stated as a liability as it becomes a debt to the organisation. This dividend payable is taken from the retained earnings of the organisation.

You might be interested in
Beedle issued a 10-year bond to Aeron Company on 1/1/20x6. The bonds have a 6% annual interest rate and pay interest semi-annual
Mama L [17]

1. The issue price of the bonds is<u> $215,589.16</u>.

2. An amortization schedule through 20x9 is as follows:

<h3>Amortization Schedule:</h3>

Period       PV             PMT   Interest Expense  Amortization        FV

1       $215,589.16     $6,000       $5,389.73            $610.27      $214,978.89

2      $214,978.89    $6,000      $5,374.47           $625.53      $214,353.36

Year 2

3     $214,353.36     $6,000      $5,358.83             $641.17        $213,712.20

4      $213,712.20     $6,000      $5,342.80           $657.20      $213,055.00

Year 3

5    $213,055.00     $6,000      $5,326.38            $673.62        $212,381.38

6     $212,381.38     $6,000      $5,309.53            $690.47        $211,690.91

Year 4

7      $211,690.91    $6,000      $5,292.27             $707.73        $210,983.18

8     $210,983.18    $6,000      $5,274.58            $725.42       $210,257.76

3. The journal entry recorded by Beedle on January 1, 20x6 is as follows:

Debit Cash $215,589.16

Credit Bonds Payable $200,000

Credit Bond Premium $15,589.16

  • To record the issuance of $200,000 at 6% interest, semi-annually.

4. The amount in the accounts at the end of 20x6 are:

A. Bond payable $200,000

B. Premium $14,353.36 ($15,589.16 - $610.27 = $625.53)

C. Fair value adjustment on Bond payable = $1,235.80 ($610.27 = $625.53)

D. Interest expense = $10,764.20

5. The journal entry to record the bond retirement transaction on 12/31/20X8 is as follows:

Debit Bonds Payable $200,000

Debit Bonds Premium $12,000

Credit Cash $212,000

  • To record the bond retirement.

<h3>Data and Calculations:</h3>

Maturity period = 10 years

Interest rate = 6% semi-annually

Interest payment dates = June 30 and December 31

Market rate = 5%

Face value = $200,000

Semi-annual coupon payment = $6,000 ($200,000 x 3%)

Fair value of the bonds at December 31:

12/31/20X6 $ 213,200

12/31/20X7 $ 213,300

12/31/20x8 $ 212,000

<h3>Issue Price Calculations:</h3>

N (# of periods) = 20 (10 years x 2)

I/Y (Interest per year) = 5%

PMT (Periodic Payment) = $6,000 ($200,000 x 6% x 1/2)

FV (Future Value) = $200,000

Results:

PV = $215,589.16

Sum of all periodic payments = $120,000 ($6,000 x 20)

Total Interest $104,410.84

Learn more about recording bond transactions at brainly.com/question/15877561

#SPJ1

5 0
2 years ago
The weighted moving average forecast for the fifth period, with weights of 0.15 for period 1, 0.20 for period 2, 0.25 for period
bulgar [2K]

Answer:

a. 3,760

Explanation:

The computation is shown below:

Period     Demand    Weight    Demand × weight

1               3,500         0.15        525

2              3,800         0.20        760

3              3,500         0.25        875

4              4,000         0.40        1,600

Total                                          3,760                      

We simply multiplied the demand with the weight to get the total.        

4 0
2 years ago
Harrods PLC has a market value of £136 million and 4 million shares outstanding. Selfridge Department Store has a market value o
Lisa [10]

Answer:

the stock price after the acquisition is $37.30

Explanation:

The computation of the stock price after the acquisition is given below:

= Worth of combined synergy ÷ (outstanding shares = harrods shares)

= £194 million ÷ (4 million + 1.2 million)

= £194 million ÷ 5.2 million shares

= $37.30 per share

hence, the stock price after the acquisition is $37.30

We simply applied the above formula so that the correct answer could come

5 0
3 years ago
Jenny's Corporation manufactured 25,000 grooming kits for horses during March. The fixed-overhead cost-allocation rate is $20.00
elena-s [515]

Answer:

The flexible-budget amount is $120,000

Explanation:

The flexible-budget amount is the same lump sum as the static budget.

Therefore, The flexible-budget amount is $120,000.

5 0
2 years ago
Universal Travel Inc. borrowed $497,000 on November 1, 2018, and signed a 12-month note bearing interest at 4%. Interest is paya
never [62]

Answer:

Dec 31, 2018

Interest expense                        3313.33 Dr

    Interest Payable                           3313.33 Cr

Explanation:

The note interest is payable at an annual rate of 4%. The interest will be paid at maturity however, an adjusting entry will be made on December 31, 2018 following the accrual basis of accounting to record the interest expense that relates to the period from November to December of 2018. The interest expense will be debited and as the interest will be paid at maturity, interest payable will be credited.

Interest expense = 497000 * 0.04 * 2/12   = $3313.33

7 0
3 years ago
Other questions:
  • At the beginning of the month, Bobcat Boards and Skis received $800 in advance for future services to be performed. At the end o
    13·1 answer
  • Which of these is an example of an employer using benefits to encourage employees to stay with the company?
    11·2 answers
  • Recent research into the relationship between ethical behavior and an employee's pay discovered that most companies base pay on
    15·1 answer
  • on holiday weekends thousands of people picnic in state parks. some picnic areas become so overcrowded the benefit or value of p
    8·2 answers
  • Notice that real GDP trends upward over time but experiences ups and downs in the short run. These short-run fluctuations in rea
    11·1 answer
  • Arthur, an Air Force major, received a permanent change of station transfer from Alabama to Spain. His spouse did not accompany
    9·1 answer
  • In order to start a successful company, it is important to rely on other people to do all the work for you. True False​
    14·2 answers
  • You need a 30-year, fixed-rate mortgage to buy a new home for $280,000. Your mortgage bank will lend you the money at an APR of
    9·1 answer
  • Becton Labs, Inc., produces various chemical compounds for industrial use. One compound, called Fludex, is prepared using an ela
    12·1 answer
  • Sales skills are beneficial for all the following reasons except:
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!