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Yes, it doesn't matter that you told the Co to take the dividend and buy more stock. You directed and effectively received it.
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∙ 15y ago
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What is the meaning of dividend initiation?
First announcement by a firm of an ordinary, taxable, cash dividend payable at the quarterly, semi-annual, or annual frequency to holders of ordinary common stock.
What is a dividend equalisation fund?
Dividend equalisation refers to the distributable portion (non taxable) of the fund created to equalise the dividend payable on units purchased at different times. It is also revenue reserve that acts as a buffer between a certain dividend level and profits available. The sums are usually transferred to this reserve account in good years, and withdrawn from in poor years to maintain the dividend amount.
Are postmortem life insurance dividends taxable?
No, Death claim proceeds are tax free including Dividend. If there is any interest paid on death claim proceed due to delay in death claim settlement, then paid interest can be taxable.
Why would a company issue a stock dividend instead of a cash dividend?
From InvestorWords.com: A dividend paid as additional shares of stock rather than as cash. If dividends paid are in the form of cash, those dividends are taxable. When a company issues a stock dividend, rather than cash, there usually are not tax consequences until the shares are sold. These additional shares of stock are usually distributed to shareholders at no cost. Please see the following site for additional information: http://en.wikipedia.org/wiki/Dividend
What is the dividend of ninety seven by sixty?
The dividend is 97.The dividend is 97.The dividend is 97.The dividend is 97.
How do you calculate phc tax liability?
Begin with Taxable Income ADD: Dividend Received Deduction, Net Operating Loss CarryForward (to be used this year), and Passive losses from rental property LESS: Regular Tax Liability (not paid and not accrued), Excess Charitable Contributions, Net Capital Gain (Net of Capital Gain Tax) = Adjusted Taxable Income Less Dividend Paid Deduction = PHC Income Times Tax Rate (15%) = PHC Tax
What is the number your dividing called?
THe answer is dividend. THe answer is dividend.
What is the journal of Dividend Income?
If dividend income received: Debit Cash / bank Credit Dividend income If dividend income receivable: Debit Dividend income receivable Credit Dividend income
What is the journal entry for dividends receivable?
Dividend receivable Debit Cash dividend Credit Cash Debit Dividend receivable Credit
What is Dividend Disbursement?
Dividend Disbursement
What does dividend meen?
A dividend is a no. which is divided
How do you record declared cash dividend?
A declared cash dividend is recorded by debiting the dividend account and crediting the dividend payable account.
