Answered: 7. Which of the following dividends are…

7. Which of the following dividends are not considered current liabilities when declared? a. property dividends b. stock dividends c. scrip dividends d. cash dividends

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: the following is NOT a basic type of cash dividends?

A: Step 1 A dividend is a portion of a company's profits and retained earnings that it pays to its…

Q: The term capital structure refers to_______ O a. Long-term debt, preferred stock, and common…

A: Capital structure is an important term used in financial management of the company. The answer is…

Q: The return which the debt holders get is called Select one: a. Profit b. Dividend c. Earnings d.…

A: Answer : (d) Interest. Debts are the credits for the company and hence, provides return in the form…

Q: What are the different types of dividends, and how is a dividend paid?

A: A portion of profits payable to the shareholders by the company on a regular period is termed as…

Q: Why were dividends not included under the liabilities and equity section?

A: Dividends are the payments made to the shareholders of the entity as a return for making investment…

Q: Several regulations limit dividend payments. Which of the following do not limit dividend payments?…

A: Several regulations limit dividend payments. Including

Q: stockholders of a portion of their original investments is a

A: Property dividend is when a company pays dividend to its shareholders in the form of assets.…

Q: Distinguish among: cash dividends, property dividends,liquidating dividends, and stock dividends.

A: Dividends represents return on investment in securities (shares) of a company.

Q: Accounting: type question:, Which of the following items is not taken in profit and loss…

A: Profit and loss appropriation accounts show the distribution of profit and loss. It is prepared…

Q: Choose the correct classification for the following accounts: A forfeited shares account; A…

A: When an amount which is due to shareholder is not paid by them the shares held by the shareholder is…

Q: stockholders equity, paid in capital , retained earnings and net

Q: What are stock dividends, and how do they differ from cash dividends?

A: Dividends can be in different form such as cash dividend (where cash is distributed to the…

Q: 25. In accounting for debt investments that are classified as FV through profit or loss: O a. any…

A: In accounting for debt investments that are classified as FV through profit or loss unrealised gains…

Q: Why is the term liquidating dividend used to describe cash dividends debited against paid-in capital…

A: Cash dividends: This is the amount of cash distributed to stockholders by a company out its…

Q: The Dividends account is what kind of account is it?

A: लाभांश खाता शेयरधारकों के खाते से संबंधित है। जब कंपनी नकद लाभांश का भुगतान करती है तो कंपनी लाभांश…

Q: distribute dividends

A: Dividend is the distribution of profit among the shareholders of the company.

Q: Comprehensive income includes the following items, except: Select one: a. Deferred gains or…

A: Definition: Comprehensive income: The change that occurs in the equity of a company from other…

Q: Which of the following is the correct order of dividend payment process? A.Record Date- Ex-Dividend…

A: Dividends are processed in a chronological order by the company. It determines the timeline for a…

Q: Which of the following is NOT a component of Accumulated Other Comprehensive Income? A. Gains or…

A: Other comprehensive income (OCI) includes any unrealized gains or losses from sources of funds from…

Q: Which statement cash of flows shows the inflows and outflows of the issue and repurchase of stock?…

A: Cash flow is a statement that provide data regarding cash inflow and cash outflow of the company…

Q: why do you add common stock and net income together instead of all adding all the assets togethe and…

A: The accounting equation will be representing the relationship between the assets as well as…

Q: Accounting type Question: Bonus shares cannot be issued out of: A. Profit and Loss a/c B. Capital…

A: Bonus shares are issued by cashing in on the free reserves of the company. The assets of a company…

Q: The return which the debt holders get is called Select one: O a. None O b. Dividend O c. Interest O…

A: Debt refers to the amount borrowed by one party from another party, This arrangement of borrowing…

Q: Qualified Dividend in cash Seleccione una: O a. Exclusion O'b. Inclusion

A: Dividends from shares of domestic companies and some qualifying foreign businesses that you have…

Q: Which of the following would result from watered shares? overstated capital understated assets…

A: solution : Which of the following would result from watered shares? Correct answer is overstated…

Q: The most important non-cash item is a) Debt interest rate b) Income tax c) Dividend d) Depreciation

A: Answer

Q: 4. Which of the following items will appear in the statement of changes in equity? a. Extraordinary…

A: Statement of changes in equity is part of financial statements is used to present the amount which…

Q: True or False, pls explain why 8) Appropriated retained earnings are for dividend payments True…

A: Appropriated retained earnings is that part of retained earnings that has been set aside by the…

Q: When are dividends considered Ordinary Income? Give Code Section b)When are dividends considered…

A: The Internal Revenue Code includes several provisions that govern the taxation of dividends,…

Q: Determine if this shall result in recognition of liabilities 6. Declaration of cash dividends on…

A: Cumulative preference shares are those preference shares whose dividend gets accumulate if any year…

Q: Determine if this shall result in recognition of liabilities 7. declaration of share dividends on…

A: The share dividend is a method of capitalizing on retained earnings. Generally, the large share…

Q: Which of the following is not an undistributable reserve? A. Share premium account B.…

A: Undistributable reserve means reserves which are not available for distribution to share holders.…

Q: Several regulations limit dividend payments. Which of the following do not limit dividend payments?…

A: the following do not limit dividend payments a. Liability restriction

Q: Q.6 (a): What is treasury stock? Why is it deducted from stockholders equity?

A: Treasury stock (otherwise called depository shares) is the segment of offers that an organization…

Q: 14) Which of the following is the least liquid current asset? A) Accruals B) Accounts receivable C)…

A: As a result of the fact that inventory consists of goods that are held with the intention of selling…

Q: Where are dividends declared reported?

A: The profits are shared with shareholders in the form of a dividend.

Q: Which of the following would be classified as a financing activity on a statement of cash flows?…

A: Solution: Financing activity section of statement of cash flows reflects the net cash flows used to…

Q: Merchandise sold by Lang Company to its customers last year amounted to $13,720,000; sales returns…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Which of the following items would not appear in the section of the statement of financial position…

A: A capital reserve is different from the reserve capital. The reserves are the amount set aside by a…

Q: ontributed capital does not include a. Preference shares b. Share premium on preference shares c.…

A: Solution: Contributed capital does not include "Capital accumulated by retention of earnings".

Question

7. Which of the following dividends are not considered current liabilities when declared?

a. property dividends
b. stock dividends
c. scrip dividends
d. cash dividends

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

For fi nancial assets classifi ed as held to maturity, how are unrealized gains and losses refl ected in shareholders’ equity?B . Th ey fl ow through retained earnings.
Cash dividends are initially recorded on which date? Multiple Choice O Date of record. O Balance sheet date. O Date of declaration.
Treasury stock is classified as a(n) O Asset O Liability O Equity O Revenue or gain O Expense or loss M
Determine if this shall result in recognition of liabilities 8.Declaration of property dividends on ordinary shares. a. yes b. no
a) Distinguish the differences between stock splits and stock dividends.
The Share Premium-Ordinary account represents the amount of legal capital. is reported as part of equity on the statement of financial position. is credited when a no-par share does not have a stated value. normally has a debit balance. OOO
The date on which liability for dividends must be recorded. * a. Date of payment b. Date of record c. Declaration date d. Date of issuance
The date on which liability for dividends must be recorded. a. Date of record b.Date of issuance c. Declaration date d. Date of payment
For fi nancial assets classifi ed as held to maturity, how are unrealized gains and losses refl ected in shareholders’ equity?C . Th ey are a component of accumulated other comprehensive income.
8. Discount on Note Payable should be classified as a a. current asset b. contra account to Notes Payable c. part of stockholder's equity d. deferred debt
1. Pamela Company showed the following accounts on December 31, 2020. Bonds Payable 5,000,000 Premium on Bonds Payable 250,000 Share capital- 250,000 shares authorized and 200,000 shares issued, P50 par 10,000,000 Share premium- issuance 2,000,000 Share premium-conversion privilege 500,000 Retained earnings 2,500,000 The bonds are convertible into 10 shares of capital for every P 1,000 bond. On December 31, 2020, the entire bond issue was converted and on this date, the market value of the share is 120 and the market value of the bonds is 103. The entity paid P 200,000 as a result of the bond conversion. Required: Prepare journal entries for the conversion of the bonds on December 31, 2020
Q.7(a): What are extraordinary items? How are they shown on the income statement? Q.7(b): Give three examples of unusual or infrequent items that are disclosed separately. Define Stock Spilt.