Fundamental Financial Accounting Concepts
Quiz 11: Proprietorships,partnerships,and Corporations
A Corporation Must Record a Liability for Cash Dividends on the Date
A corporation must record a liability for cash dividends on the date of record.
Explore answers and all related questions
When a corporation records a stock dividend,it debits Retained Earnings for the par value of the stock.
Powell Corporation had $10 par stock with a market price of $60,when it declared a 2-for-1 stock split.After the stock split,the number of shares outstanding will double,and the market price of the stock should drop to about $30.
An appropriation of retained earnings places a limit on the amount of dividends a corporation can declare.
Explore all questions
How it work
Terms And Conditions
© 2020-2021 Cozyplus FZ LLC. All rights reserved