Register
gosling corp. has 100,000 shares of common stock authorized, 80,000 shares issued, and 20,000 shares of treasury stock. gosling declares a dividend of $0.10 share. which of the following entries is required
218k views
4 votes
gosling corp. has 100,000 shares of common stock authorized, 80,000 shares issued, and 20,000 shares of treasury stock. gosling declares a dividend of $0.10 share. which of the following entries is required at the date of declaration?

User Ropo
by
3.0k points

1 Answer

4 votes

Answer: Debit Dividends $6,000

Explanation: 60,000 shares outstanding x $0.10

User Raminr
by
3.8k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

3.4m questions

4.3m answers

Other Questions

How can expansionary​ expenditure-based fiscal policy lead to crowding out in the​ economy? A. ​Expenditure-based fiscal policy increases the national​ debt, inducing​ forward-looking households and firms
Stevenson Company purchased equipment for $250,000 on January 1, 2010. The estimated salvage value is $50,000, and the estimated useful life is 5 years. The straight-line method is used for depreciation.
In order to attract younger customers to the Lacoste brand of clothing, CEO Robert Siegel made all of the major decisions in product planning, distribution, and promotion. He asked for no input from his
The method of appraisal in which the appraiser estimates the replacement cost of the building, deducts depreciation, and adds the value of the site is:________
The Yum and Yee food truck near the business school serves customers during lunch hour by taking orders and making fresh batches of stir-fry. Customers have only one choice during the lunch hour so that
Link Copied!