0
profit transfering to capital
p&l a\c ...dr
to capital
payment
capital a\c ...dr
to cash
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
What are dividend checks?
an order of payment (such as a check payable to a shareholder) in which a dividend is paid
How do you record declared cash dividend?
A declared cash dividend is recorded by debiting the dividend account and crediting the dividend payable account.
Does a dividend payment increase cash flow?
If we pay Dividend the cash flow will decrease as money will go out
What are the proper Accounting journal entries for dividends payable?
[Debit] Dividend expense [Credit] Dividend payable 2nd entry at time of payment Debit Dividend payable Credit Cash
What are the 3 dates and their entries that are associated with dividends.?
In the United States, the three dates that are significant for both paying and accounting for any given cash dividend are: 1) Declaration date: Dividends are not payable unless and until the corporation's Board of Directors declares that a dividend will be paid. The date on which they promise to pay a dividend is called the declaration date, and that is the date on which the company incurs an obligation to pay the dividend. Generally on that date the Board will specify the two other important dates: the ex-dividend date, and the payment date. On the day a dividend is declared, the accounting entries are Debit the Retained Earnings account and credit the Dividends Payable liability account for the total amount of the dividend. 2) Ex-dividend date (or "date of record"): The ex-dividend date is the cutoff date used to identify the particular persons to whom an upcoming dividend will be paid. The shareholders listed on the corporation's records as the owners of shares at the ex-dividend date are the ones who will receive payment of the upcoming dividend, whether or not they still own the shares on the date the dividend is paid. There is no accounting entry related to the ex-dividend date. 3) Payment date: This is the date on which the cash dividend is actually paid out to the shareholders. When the dividend is paid, the accounting entries are: Debit the Dividends Payable account and credit the Cash account for the total amount of the dividend. This eliminates the liablility that was recorded when the dividend was first declared, and reflects the funds going out of the corporation's cash when the dividend is paid.And so, why are we reading this?
What is payment to stockholders called?
a Dividend
A payment to stockholders is called?
dividend
What is a payment to stockholders called?
a Dividend
The dividend quote in paper is based upon?
The most recent dividend payment
What are dividend checks?
an order of payment (such as a check payable to a shareholder) in which a dividend is paid
Dividends in arrears on cumulative preferred stock should be recorded as a current liability?
No, no payment obligation exists until the board of directors declares a dividend.
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 a cash payment from a corporation's profit?
dividend.
Which financials statement does dividends go on?
Indiana unclaimed has a dividend payment to me. How do I get a dividend statement sent to me?
What is the dividend for alcatel-lucent?
On 2/10/2011 the Board recommended no dividend payment for 2010.
Is payment of dividend part of financing activities?
Yes it is
What is a No Dividend Counterfoil?
A payment to your account from shares held by you.
