Exercise 12 Check Exercise 12-5 Ex Act Corporation pays dividends at the end of
ID: 2519594 • Letter: E
Question
Exercise 12 Check Exercise 12-5 Ex Act Corporation pays dividends at the end of each year. The drends that it paid for 2012, 2013, and 2014 were $160,000, $120,000, and $360,000, respectively. iolate th-total amore of evide ds Ex-Act paid n h of these?to its common and Peferred stockholders-der the folowing capital shares of s10 par common stock Ex Act had no dividenos in arrears at the beginning of 2012. f an amount is pero, enter "0 ucture: 40,000 shares of S100 Par, 6 penent noncumulative Preferred stock an Cemmon Stock Dividends 2. Cal late the total amo n of evde dse. At Dad in each 0, these yen to common ad peened .boh lder, unde the blwing asta, met " 2000 s a es ,t100" ,peeet a 10 par commn stock. Ex-Aut had no dividends it arrears at the beginning of 2012. In amount is zers, enter ulative P ife ed to kand 120,000 Common Stock Dividends Tetal Check My Wori Cengage Learning Cenpge Technical Support MacBoolk 80 DllExplanation / Answer
Ex.12-13
PANZA CORPORATION Date Account Title Debit Credit July.17 Retained Earnings 30000 Stock dividend distributable 30000 (Stock dividend of 10% of 60,000 shares @$5 per share) July.31 No entry reequired Aug.10 Stock dividend distributable 30000 Common Stock 6000 Additional paid-in-capital -- Common stock 25000 (Stock dividend distributed) Sept.1 Retained Earnings 33000 Dividend Payable 33000 (Cash dividend of $0.50 per share on 66,000 shares)Related Questions
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