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How do you record declared cash dividend?
A declared cash dividend is recorded by debiting the dividend account and crediting the dividend payable account.
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
Is received cash dividens form investing a operating activity?
Dividend received is an investing activity and not an operating activity.
What is Dividends received in cash flows statement?
Dividend received is the amount received by company from investing in other companies and shows in cash flows from investing activities.
How to calculate net income when cash dividend is given?
Cash dividend paid has nothing to deal with net income as net income is calculated first and after that it is distributed. If cash dividend is received then it is included in net income calculations and increases the net income.
Invested 53200 cash in the common stock of XYZ a 4 percent interest. Received the quarterly dividend of 1450 from the investment in XYZ. Journalize dividend transaction?
[Debit] Cash 1450 [Credit] dividend income 1450
When it comes to the items on the statement of cash flows would you expect a stock dividend to appear in the financing section?
If stock dividend is received then it will be shown under cash flows from investing activities while if stock dividend is paid then it is shown under cash flow from financing activities.
What wil be the journal entry of dividend received and reinvested?
If dividend received is reinvested then there is no journal entry is required and this information can be mentioned through the use of memo entry.There is no journal entry required for dividend received reinvested as nothing is received by person or company so memo entry is enough for information purpose.
When a cash dividend is declared it would affect the balance sheet but not the statement of cash flows?
dividend will affect the cash flow when actual cash is paid and not at the time of declaration of dividend.
What is an xc type dividend?
It is a Cash Dividend
What is the journal entry for dividends receivable?
Dividend receivable Debit Cash dividend Credit Cash Debit Dividend receivable Credit
How do I prepare a dividend journal entry?
if receiveddebit cash / bankcredit dividend incomeif paydebit dividendcredit cash / dividend payable etc
