Kingbird Corporation has 12.00 million shares of common stock issued and outstanding. On June 1, the board of directors voted an 83 cents per share cash dividend to stockholders of record as of June 14, payable June 30. Prepare the journal entries for each of the dates above assuming the the dividend represents a distribution of earnings.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Kingbird Corporation has 12.00 million shares of common stock issued and outstanding. On June 1, the board of directors voted an 83 cents ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
During 2018, Ted and Judy, a married couple, decided to sell their residence, which had a basis of $300.000. They had owned and occupied the residence for 20 years. outside painted in April at a cost of $6,000 and paid for the work immediately.
Answers (1)
As the result of a hurricane heading toward the coastal area of north carolina, residents rushed to purchase plywood to cover their windows. retailers who carried plywood were operating in a
Answers (1)
Marciano Manufacturing uses a standard cost system. Standards for direct materials are as follows: Direct materials (pounds per unit of output) 3 Cost per pound of direct materials $ 3 The company plans to produce 3 comma 000 units and has purchased
Answers (1)
A deposit of $870 earns interest rates of 10.7 percent in the first year and 8.7 percent in the second year. What would be the second year future value?
Answers (1)
A nation has a workforce of 500 workers. In every month, 10 workers leave jobs, and 10 different workers tind jobs However, there are also 20 workers who lack the skills to be employed, and thus remain unemployed throughout the year There is no
Answers (2)
New Questions in Business
Your brother has asked you for a loan and has promised to pay you $9,800 at the end of three years. If you normally invest to earn 6.
Answers (1)
A retail space was leased for $1,200 per month; the owner also pays the shopping center 8% of gross income which is $50,000 monthly. how much does the owner pay annually?
Answers (1)
Robinson Company had a net deferred tax liability of $34,000 at the beginning of the year, representing a net taxable temporary difference of $100,000 (taxed at 34 percent). During the year, Robinson reported pretax book income of $400,000.
Answers (1)
Your client wants to transfer $500 from their checking account into a savings account to cover tax liabilities for sales made last month. Where should they start the process?
Answers (1)
While working out at the gym you hear a group of individuals making obscene remarks about your body. You feel like you are being sexually harassed. Which of the following is a technique to deal with sexual harassment?
Answers (1)