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
netineya [11]
3 years ago
10

The board of directors of capstone inc. declared a $0.60 per share cash dividend on its $1 par common stock. on the date of decl

aration, there were 50,000 shares authorized, 20,000 shares issued, and 5,000 shares held as treasury stock. what is the entry for the dividend declaration?
Business
1 answer:
Liula [17]3 years ago
3 0

The entry for the dividend declaration is as following:
Debit Cash Dividend $12,000
Credit Dividend Payable $12,000
To acquire the amount we must multiply the dividend per share which is 0.06 with a number of common shares issued which is 20,000. Capston, Inc have to entry this transaction as the dividend declares although the cash has not yet disbursed to comply with the accrual principle.
 
The treasury stock must be ignored because it is the portion of stocks which held by the company in its own treasury and the amount of authorized stock because it is not yet issued and the company doesn't have the obligation to pay that portion of stocks dividend<span>.</span>
You might be interested in
An example of a population is all people who shop at Target while a sample is only those people who buy orange juice at Target.
Mekhanik [1.2K]

Answer:

True

Explanation:

A population in statistics is defined as the total items that is of interest to the scientist and from which studies are conducted to draw conclusions.

It is from population samples are drawn.

Sample is defined as a part of a population that is studied and used to draw inference or conclusion about the whole population.

In the given scenario all people who shop at Target are the population that is of interest.

To draw conclusion about the population only those people who buy orange juice at Target. A are used as a sample to draw conclusions

5 0
3 years ago
At the beginning of the conversation, norio wants to discuss sushi with michael, but michael is more interested in getting the c
d1i1m1o1n [39]

Based on global management, it seems Michael was not cognizant of Norio coming from a <u>high-context culture</u>.

<h3>What is global management?</h3>

Global management can be defined as an international business practice in which a business organization (company) utilizes its employees (management team) and resources to carry out its business on an international level.

<h3>What is a high-context culture?</h3>

A high-context culture can be defined as a type of cultural communication in which the people focuses on underlying context and situational cues, meaning, nonverbal cues, and tone of a message, rather than just the words themselves when communicating with others.

In this context, we can reasonably infer and logically deduce that it seems Michael was not cognizant of Norio coming from a high-context culture because he is exhibiting low-context culture characteristics, by being more interested in signing a contract.

Read more on high-context culture here: brainly.com/question/17438233

#SPJ1

Complete Question:

At the beginning of the conversation, Norio wanted to discuss sushi with Michael, but Michael is more interested in getting the contract signed. Based on what you've learned about global management, it seems Michael was not cognizant of Norio coming from a ______.

3 0
2 years ago
A monopoly that is maximizing profits operates in the ________ portion of the demand curve.
Alekssandra [29.7K]
In the elastic portion of the demand curve.
8 0
3 years ago
Doogan Corporation makes a product with the following standard costs:
AveGali [126]

Answer:

Direct material quantity variance= $2,170 unfavorable

Explanation:

<u>To calculate the direct material quantity variance, we need to use the following formula:</u>

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (2*5,000 - 10,310)*7

Direct material quantity variance= $2,170 unfavorable

4 0
2 years ago
How would life be without technology
Ghella [55]

This website would not exist. Social lives would improve because everyone would actually hang out with people. We would not be able to get places fast because cars would not be developed.

4 0
3 years ago
Other questions:
  • The Baldwin company will sell 100 units (x1000) of capacity from their Bid product line. Each unit of capacity is worth $6 plus
    15·1 answer
  • ________ is very strong and durable and is therefore commonly used for cookware, dinnerware, and much ceramic sculpture.
    9·1 answer
  • During downsizing, the HRM function must "surgically" reduce the workforce by cutting only the workers who are less valuable in
    12·1 answer
  • In order for information to be meaningful, a firm's accounting processes and procedures should be certified as accurate by accep
    12·1 answer
  • Equipment with a book value of $65,300 and an original cost of $133,000 was sold at a loss of $14,000. Paid $89,000 cash for a n
    15·1 answer
  • Fill in the blank
    10·1 answer
  • Which is an example of a withholding you might see on your pay stub?
    15·2 answers
  • Determine Cost of Land Four Corners Delivery Company acquired an adjacent lot to construct a new warehouse, paying $200,000 and
    6·1 answer
  • A(n) _____ strategy is appealing because it attracts two distinct market segments: those who are not price sensitive along with
    14·1 answer
  • When may an item attached to a structure be considered personal property rather than real property?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!