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Debit dividend payable
Credit cash /bank
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What is the journal entry for stock dividend received?
Stock dividends - These are dividends paid in the form of additional stock of the issuing company to shareholders of record in proportion to their current holdings. A stock dividend does not increase the wealth of the recipient nor does it reduce the net assets of the firm. It is a permanent capitalization of retained earnings to contributed capital. As there is no change in the amount of the stock that;s why stock dividend does not require any entry to be recorded rather it is shown as note.
What is journal entry of closing stock?
it s transfer to profit and loss account.
Which account represents the cummulative earning of the firm since it formation minus dividend s paid?
Retained earnings
Closing Journal entries What is Year End Journal entry to book a net loss for a corporation?
Please provide me the list of closing journal entreis requried to enter in books to finalize the P&L and B&S
What is the tax treatment of a dividend to the company?
dividend paid by the company is exempt from tax u/s 115O, but dividend distribution tax should be paid by the company as per Income tax Act before dividend.According to the union budget 2007, the rate is 15%. Equity mutual funds (with more than 65% of assets invested in equities) do not pay a dividend distribution tax, though other funds do. Liquid and Money Market funds pay 25% dividend distribution tax.
What is the journal entry for stock dividend received?
Stock dividends - These are dividends paid in the form of additional stock of the issuing company to shareholders of record in proportion to their current holdings. A stock dividend does not increase the wealth of the recipient nor does it reduce the net assets of the firm. It is a permanent capitalization of retained earnings to contributed capital. As there is no change in the amount of the stock that;s why stock dividend does not require any entry to be recorded rather it is shown as note.
What is interim dividend entry?
An interim dividend of a company is what is paid annually out of profits that can only be paid after the determination of the yearÃ?s full earnings. These dividends are distributed to the companyÃ?s common stock shareholders on either a quarterly or semi-annual basis. The companyÃ?s Board of Directors have the ability to lower the amount that is issued following the release of the companyÃ?s annual report so there is no damage to the companyÃ?s annual results if the turn out are lower than expected.
What is journal entry of closing stock?
it s transfer to profit and loss account.
Which account represents the cummulative earning of the firm since it formation minus dividend s paid?
Retained earnings
Closing Journal entries What is Year End Journal entry to book a net loss for a corporation?
Please provide me the list of closing journal entreis requried to enter in books to finalize the P&L and B&S
What is the tax treatment of a dividend to the company?
dividend paid by the company is exempt from tax u/s 115O, but dividend distribution tax should be paid by the company as per Income tax Act before dividend.According to the union budget 2007, the rate is 15%. Equity mutual funds (with more than 65% of assets invested in equities) do not pay a dividend distribution tax, though other funds do. Liquid and Money Market funds pay 25% dividend distribution tax.
What is journal entry of outstanding salary?
debit salary expensecredit salary payable
What is relative dividend yield?
Relative Dividend Yield is dividend yield of a stock compared the dividend yield of the S&P 500
What is the journal entry to record the unrealized loss on donated stock?
Dr. Unrealized loss on investment in Company B (P&L) Cr. Investment in Company B (B/S)
What has the author Dickie Lee Fox written?
Dickie Lee Fox has written: 'Directory of Dividend Reinvestment Plans' -- subject(s): Directories, Dividend reinvestment
Did Ulysses S. Grant have a journal?
yes
What s the name for the number that's being divided in a division problem?
The dividend is divided by the divisor to give the quotient. Alternatively, this can be expressed as: The divisor divides into the dividend to give the quotient.
