The charter of Zion Associates provides for the issuance of 100,000 shares of common stock. Assume that 60,000 shares were originally issued and 10,000 shares were subsequently reacquired. What is the amount of cash dividends to be paid if a $2-per-share dividend is declared? a. $80,000 b. $20,000 c. $90,000 d. $100,000 e. None of the above

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A: Share can be issued upto charter of a corporation provides. reacquired shares are those shares which…

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A: Journal Entry - Journal entry is the record entered into by the company for the transactions for the…

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A: When shares are reacquired, the dividends are not required to be paid on such stocks.

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A: Journal entries are the building blocks of accounting, which is the act of recording the economic or…

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A: The 3,554 shares reacquired are called treasury shares. Treasury shares are not entitled to…

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A: Dividend: Dividend is the return to the shareholders for their investment in the company. It is…

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A: Common Stock is an amount of stock issued by an organization to the public to raise funds and give…

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Q: 3. How much is the TOTAL SHAREHOLDERS' EQUITY? *

A: Stockholders' equity refers to the amount of assets that belong to the owners after paying for all…

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A: Formula: Total dividends = Number of Outstanding shares x Dividend per share

Q: What is the number of shares outstanding?

A: Answer - c.44,000

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A: Dividend is the amount of profit distributed to the shares outstanding as on the record date. It…

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A: Dividends: Distribution of company profits to their share holders based on their investments.

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A: Dividend distribution is a method of distributing profit among the stockholder of the organization.…

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A: Common Stock - A security that symbolizes ownership in a firm is called common stock. Common stock…

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A: Common stock: These are the ordinary shares that a corporation issues to the investors in order to…

Q: What is included in the journal entry to record the repurchase of 300 common shares to hold them in…

A: Treasury shares are the shares which are repurchased by the entity from the market which are…

Q: The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume…

A: Number of shares issued = No. of shares issued - No. of shares reaquired

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A: Note: Dividend is paid on the number of shares issued and outstanding. Number of shares issued and…

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A: Given in the question: Authorized Number of Shares 110000 Par Value of Common Stock $2…

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A: A dividend is a distribution of a portion of a company's earnings to its shareholders,  generally in…

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A: Dividend is the amount of profit distributed to the shares outstanding as on the record date.…

Q: Question 4.) A corporation issues 2,500 shares of common stock for P45,000. The stock has stated…

A:

Q: The charter of a corporation provides for the issuance of 105,000 shares of common stock. Assume…

A: Given that,  number of shares originally issued = 63000 shares number of shares reacquired = 12600

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A: Dividend will not be paid on reacquired shares.

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A: Stock split means when one share of the company will split or break into more number of shares. 3…

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A: Given share issued=2500   when share are issues we get cash so debit cash account and credit to…

Q: A company has the following Capital Structure: Ordinary $10 shares authorized: 1,000,000, of which…

A:

Q: The charter of a corporation provides for the issuance of 94,560 shares of common stock. Assume that…

A: Total amount of dividends paid = No. of shares outstanding * Dividends per shares

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A: >Issuance of common stock is one of the Financing activity from which the corporation gets Cash…

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Q: What is the number of shares outstanding?

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