Working Papers, Chapters 1-17 for Warren/Reeve/Duchac's Accounting, 26th and Financial Accounting, 14th
26th Edition
ISBN: 9781305392373
Author: Carl Warren, Jim Reeve, Jonathan Duchac
Publisher: Cengage Learning
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Question
Chapter 13, Problem 5DQ
a.
To determine
Dividends
The distribution of earnings of a corporation to its stockholders is known as dividends. Dividends can be paid either in cash or in shares of stock. It passes through the process of declaration, recording and payment and, accordingly various
To Locate: Where a declared cash dividend but unpaid will be reported on the
b.
To determine
To Locate: Where a declared but unissued stock dividend is reported on the balance sheet.
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a. Where should a declared but unpaid cash dividend be reported on the balance sheet?b. Where should a declared but unissued stock dividend be reported on the balance sheet?
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a. Scrip dividend payable
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What is the effect on the accounting equation when a stock dividend is declared? What is the effect on the accounting equation when a stock dividend is distributed?
Chapter 13 Solutions
Working Papers, Chapters 1-17 for Warren/Reeve/Duchac's Accounting, 26th and Financial Accounting, 14th
Ch. 13 - Of two corporations organized at approximately the...Ch. 13 - Prob. 2DQCh. 13 - A corporation with both preferred stock and common...Ch. 13 - An owner of 2,500 shares of Simmons Company common...Ch. 13 - Prob. 5DQCh. 13 - Prob. 6DQCh. 13 - The treasury stock in Discussion Question 7 is...Ch. 13 - What are the three classifications of restrictions...Ch. 13 - Indicate how prior period adjustments should he...Ch. 13 - What is the primary purpose of a stock split?
Ch. 13 - Dividends per share National Furniture Company has...Ch. 13 - Dividends per share Zero Calories Company has...Ch. 13 - Entries for issuing stock On August 26, Mountain...Ch. 13 - Entries for issuing stock On January 22, Zentric...Ch. 13 - Prob. 13.3APECh. 13 - Entries for cash dividends The declaration,...Ch. 13 - Entries for stock dividends Olde Wine Corporation...Ch. 13 - Entries for stock dividends Antique Buggy...Ch. 13 - Prob. 13.5APECh. 13 - Entries for treasury stock On May 27, Hydro...Ch. 13 - Reporting stockholders equity Using the following...Ch. 13 - Reporting stockholders' equity Using the following...Ch. 13 - Prob. 13.7APECh. 13 - Retained earnings statement Noric Cruises Inc....Ch. 13 - Earnings per share Financial statement data for...Ch. 13 - Prob. 13.8BPECh. 13 - Dividends per share Triple Z Inc., a developer of...Ch. 13 - Dividends per share Lightfoot Inc., a software...Ch. 13 - Entries for issuing par stock On April 20,...Ch. 13 - Entries for issuing no-par stock On May 15, Helena...Ch. 13 - Prob. 13.5EXCh. 13 - Prob. 13.6EXCh. 13 - Issuing stock Willow Creek Nursery, with an...Ch. 13 - Prob. 13.8EXCh. 13 - Entries for cash dividends The declaration,...Ch. 13 - Prob. 13.10EXCh. 13 - Treasury stock transactions Mystic Lake Inc....Ch. 13 - Prob. 13.12EXCh. 13 - Prob. 13.13EXCh. 13 - Reporting paid-in capital The following accounts...Ch. 13 - Stockholders' Equity section of balance sheet The...Ch. 13 - Prob. 13.16EXCh. 13 - Retained earnings statement Sumter Pumps...Ch. 13 - Prob. 13.18EXCh. 13 - Statement of stockholders equity The stockholders...Ch. 13 - Prob. 13.20EXCh. 13 - Prob. 13.21EXCh. 13 - Prob. 13.22EXCh. 13 - Prob. 13.23EXCh. 13 - EPS Pacific Gas and Electric Company is a large...Ch. 13 - Prob. 13.25EXCh. 13 - Dividends on preferred and common stock Sunbird...Ch. 13 - Prob. 13.2APRCh. 13 - Selected stock transactions The following selected...Ch. 13 - Entries for selected corporate transactions Morrow...Ch. 13 - Entries for selected corporate transact ions...Ch. 13 - Prob. 13.1BPRCh. 13 - Stock transaction for corporate expansion Pulsar...Ch. 13 - Selected stock transactions Diamondback Welding ...Ch. 13 - Entries for selected corporate transactions6...Ch. 13 - Entries for selected corporate transactions West...Ch. 13 - Prob. 13.1CPCh. 13 - Prob. 13.2CPCh. 13 - Prob. 13.3CPCh. 13 - Prob. 13.4CPCh. 13 - Prob. 13.5CP
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- What is the impact on the accounting equation when stock is issued, in exchange for assets? A. both sides increase B. both sides decrease C. only the Asset side changes D. neither side changesarrow_forwardCash dividends declared out of current earnings were distributed to an investor. How will the investors investment account be affected by those dividends under each of the following accounting methods?arrow_forwardHow does the accounting for a liquidating dividend differ from that for a normal cash dividend?arrow_forward
- On which financial statement would the Dividends account appear? A. Balance Sheet B. Income Statement C. Retained Earnings Statement D. Statement of Cash Flowsarrow_forwardI need help with these please. A. Record transfer of net loss to retained earnings. B. Record transfer of net income to retained earnings. C. Record repurchase of shares for retirement. D. Record declaration of cash dividend. E. Record payment of cash dividend.arrow_forwardI need help with these please. F. Record transfer of net income to retained earnings. G. Record issue of stock dividend H. Record declaration of cash dividend. I. Record payment of cash dividend.arrow_forward
- What is the difference between a Stock Account and in equity and Paid-in-Capital account? Are they DR or CR balances? What statement(s) do they appear on?arrow_forwardTRUE OR FALSE?The total retained earnings can be declared as dividends.arrow_forwardDescribe the event of “stock dividend” in terms of cash flows and accounting entries to the Balance Sheet accounts.arrow_forward
- 2. The change in retained earnings is affected by which of the following? (a) Payment of dividends and common stock. (b) Net income and payment of dividends. (c) Net income and paid-in capital. (d) Net income and common stock.arrow_forwardWhich event does not require a journal entry? O All of these events require a journal entry O The declaration date of a cash dividend O The record date of a cash dividend O The payment date of a stock dividend O The payment date of a cash dividendarrow_forwardWhat is the effect on the accounting equation when cash dividends are declared? What is the effect on the accounting equation when cash dividends are paid?arrow_forward
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