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What is the meaning of unclaimed dividend?
A company has allocated funds to pay a dividend, but nobody has come forward to claim it.
Information about performance of company is disclosed by?
balance sheet and cash flow statement
Infoformation about performance of company is disclosed by?
balance sheet and statement of cash flow
Does a declared dividend become a liability if not paid?
Yes, once a dividend is declared by a company's board of directors, it becomes a liability on the company's balance sheet, even if it has not yet been paid. This liability reflects the company's obligation to distribute the declared amount to shareholders. If the dividend is not paid, it remains a liability until it is settled or canceled, impacting the company's financial statements.
Where does the dividend go in its postintion?
In its post-issue position, a dividend typically reduces the retained earnings of a company, as it represents a distribution of profits to shareholders. The dividend payment is made from the company's available cash or reserves and is recorded as a liability until it is paid out. After the payment, the cash balance decreases, and the retained earnings on the balance sheet reflect the reduction. Ultimately, dividends serve to return value to shareholders while impacting the company's equity structure.
Dividend policy of jollibee?
Jollibee Foods Corporation has a dividend policy that aims to distribute a minimum of 30% of its annual net income to its shareholders. The company has a history of consistent dividend payments and a commitment to providing shareholders with returns on their investment. Jollibee's dividend policy is guided by its aim to balance capital reinvestment for growth and rewarding shareholders through dividend distributions.
Do dividend accounts increase with debits and decrease with credits?
Yes, dividend accounts increase with debits and decrease with credits. In accounting, dividend accounts are part of the equity section and are typically recorded as debits when dividends are declared or paid to shareholders. Conversely, if a company were to reverse or adjust a dividend, it would use credits, which would decrease the dividend account balance.
If one person buys 70000 shares of JPMorgan stock and held it for 3 months how much money would you get as a dividend?
A dividend is portion of a company's earnings that is returned to a shareholders. So that depends on the amount the company makes. Dividend is not set in stone and it can change every quarter depending on it's balance earning. Bhavdip Bhayani
Is proposed dividend a current liability or current asset?
Proposed dividends are considered a current liability. Once a company's board of directors declares a dividend, it becomes a legal obligation for the company to pay that amount to shareholders, typically within the next accounting period. This obligation is recorded on the balance sheet as a liability until the dividend is paid.
What is the process for receiving a loan stock dividend?
To receive a loan stock dividend, you must own shares of the company that issues the dividend. The company will announce the dividend payment date, and you will receive the dividend in the form of additional shares of stock or cash, depending on the company's policy.
Where is share application money paid by a company is to be disclosed in balance sheet as per revised schedule vi?
Advance subscription of shres
How is dividend tax payable shown in balance sheet?
Dividend Taxes is not a company expense but a company's liabilities for the deduction of taxes once Dividends is declared to the members of the company. It must be distinct and cleared from the normal activities of the company's expenses. In this respect, it could be classified as a sub-category of the Dividends Payable. Upon the payment of dividends, the appropriate rate of taxes must be paid on behalf of the Dividend Recipient to the Tax Authority. This would then be a debit entry to Dividend Taxes and a credit entry to the Cash or Bank Account to complete the transaction. The object is to withhold taxes on behalf of the dividend recipient and the company is to then ensure that the taxes are paid to the Tax Authority.
