0
Dividends use to be shown on the profit and loss. But now it only gets shown on the 'statement of changes in equity'
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
Dividends are declared out of?
Dividends are declared out of current period net income. When declared, they reduce the amount added to retained earnings.
Are dividends declared by CEO's?
NO. They are declared by the board of Directors.
How do you journalize declared dividends?
declared and paid a $900 dividend
What is dividends Payable classified as?
Dividend payable is classified as liability as soon as dividend is declared in liability side of balance sheet.
If dividends are declared in a fiscal year but a portion is to be paid in the next fiscal year what amount is record for the currect fiscal year Retained Earnings Statement?
Dividends declared will not be recorded until they are actually paid. You should record the portion paid this year in your retained earnings and the portion that is paid in the next fiscal year in the subsequent year.
Dividends are declared out of?
Dividends are declared out of current period net income. When declared, they reduce the amount added to retained earnings.
Are dividends declared by CEO's?
NO. They are declared by the board of Directors.
How do you journalize declared dividends?
declared and paid a $900 dividend
How do you declare dividends?
declared and paid a $900 dividend
Where are dividends reported?
Dividends use to be shown on the profit and loss. But now it only gets shown on the 'statement of changes in equity'
If a stocks expected return exceeds it required return this suggests that?
dividends are not being declared
Do you use the authorised share capital or issued share capital when getting the dividends declared?
issued share capital
What is dividends Payable classified as?
Dividend payable is classified as liability as soon as dividend is declared in liability side of balance sheet.
If dividends are declared in a fiscal year but a portion is to be paid in the next fiscal year what amount is record for the currect fiscal year Retained Earnings Statement?
Dividends declared will not be recorded until they are actually paid. You should record the portion paid this year in your retained earnings and the portion that is paid in the next fiscal year in the subsequent year.
Is dividends declared account permanent or temporary account?
Dividend is a temporary account at it is closed the retained earnings account at the end of fiscal year.
Is a declaration of dividends reported on a statement of cash flows?
The answer is no since there is no actual cash outflow at declaration date. Journal Entry at Declaration Date: Dr. Dividends/Retained Earnings xxx Cr. Dividends Payable xxx If you will prepare the cash flow statement using the indirect method, try to imagine the "Dividends" account as if an expense/nominal account. Start first with the net income, assuming only dividends is your transaction during the month... Net Loss (Dividends) (XXX) Increase in liability (dividends payable) XXX The impact is zero 0 *Rule is increase in asset (-), increase in liability (+) for the indirect method of cash flow statement.
Are unpaid cash dividends declared a liability of the corporation?
I'd say it's more of a capital than liability, tho depends on your accounting standards.
