A mining company declared a liquidating dividend the journal entry
Cumulative preferred dividends in arrears should be shown in a corporation's balance sheet as a. an increase in current liabilities for the current portion and long-term liabilities for the long-term portion. At the date of the financial statements, common stock shares issued would exceed common stock shares outstanding as a result of the a. Cash dividends are paid on the basis of the number of shares a. Which of the following statements about property dividends is not true? A property dividend is usually in the form of securities of other companies. A property dividend is also called a dividend in kind. The accounting for a property dividend should be based on the carrying value (book value) of the nonmonetary assets transferred.
The issuer of a 5% common stock dividend to common stockholders preferably should transfer from retained earnings to contributed capital an amount equal to the a.
At the date of declaration of a small common stock dividend, the entry should not include a.