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Paha777 [63]
3 years ago
14

On March 1, Year 1, Gilmore Incorporated declared a cash dividend on its 1,500 outstanding shares of $50 par value, 6% preferred

stock. The dividend will be paid on May 1, Year 1 to the stockholders of record as of April 1, Year 1. How will the entry to record the declaration of the dividend on March 1 affect the elements of the financial statements?
Business
1 answer:
Aleksandr-060686 [28]3 years ago
8 0

Answer:

Dividend Declared (SCE) $4,500 (credit)

Shareholders for Dividends (SFP) $4,500 (credit)

Explanation:

When Dividends are declared, we recognize an Equity Element - Dividend Declared and a liability (Present Obligation that arises with declaration) to the Shareholders of the dividend.

<u>Entry :</u>

Dividend Declared (SCE) $4,500 (credit)

Shareholders for Dividends (SFP) $4,500 (credit)

Dividend Calculation = 1,500 × $50 × 6%

                                   = $4,500

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Salary is typically discussed at the _____ interview.
Vikentia [17]

Answer:

follow-up

Explanation:

A follow-up employment interview has fewer candidates as compared to the initial interview. The employer invites the best candidate from the first interview for further evaluation.

A follow-up interview is conducted after the employer has identified several potential candidates. Salaries and other benefits are discussed in the follow-up interview.

8 0
3 years ago
Is it possible to be a billionaire without getting a job, just by being an entrepreneur?
Akimi4 [234]
Anything is possible if you believe!!!
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Dave took an intelligence test and received an iq score of 62. he was classified as intellectually disabled. of the following, w
nydimaria [60]
In the given scenario, the best informed reaction in Dave's classification is that it would still be classified as invalid. It is because it still lacks evidence and in order to confirm the given result which had said that he is intellectually disabled, they should also assessed his skills of adapting. If his adaptive skills has been assessed, it will then only be considered if the results are correct or not.
5 0
3 years ago
A corporation declares and distributes a 20% stock dividend at a time when there are 10,000 shares outstanding (before the divid
quester [9]

Answer:

$40,000

Explanation:

Stock dividend is the payment of dividend to stockholder in the form of stock/shares of the company. Stock are issued at the market price and the value of the dividend is transferred from the retained earning to the add-in-capital accounts.

Dividend Value = 10,000 x 20% = 2,000 shares

Value is calculated using market value of the stock

Value of Dividend = 2,000 x $20 = $40,000

Par Value of Stocks = $1 x 2,000 = $2,000

Add-in-capital excess of par common stock = ($20-$1) x 2,000 = $38,000

Journal Entry will be as follow

Dr. Retained Earning                                   $40,000

Cr. Common stock                                       $2,000

Cr. Add-in-Capital excess of par common $38,000

8 0
3 years ago
How to calculate false discovery rate in excel?
Zielflug [23.3K]
<span>Put the individual p-values in ascending order.Assign ranks to the p-values. For example, the smallest has a rank of 1, the second smallest has a rank of 2.<span>Calculate each individual p-value’s Benjamini-Hochberg critical value, using the formula (i/m)Q, where:<span>i = the individual p-value’s rank,m = total number of tests,Q = the false discovery rate (a percentage, chosen by you).</span></span>Compare your original p-values to the critical B-H from Step 3; find the largest p value that is smaller than the critical value.</span>

As an example, the following list of data shows a partial list of results from 25 tests with their p-values in column 2. The list of p-values was ordered (Step 1) and then ranked (Step 2) in column 3. Column 4 shows the calculation for the critical value with a false discovery rate of 25% (Step 3).



The bolded p-value (for Children) is the highest p-value that is also smaller than the critical value: .042 < .050. <span>All </span>values above it (i.e. those with lower p-values) are highlighted and considered significant, even if those p-values are lower than the critical values. For example, Obesity and Other Health are individually, not significant when you compare the result to the final column (e.g. .039 > .03). However, with the B-H correction, they are considered significant; in other words, you would reject the null hypothesis for those values.

3 0
3 years ago
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