E Sport Fitness has 750,000 shares authorized in the Charter, and they have 200,000 shares Issued and 20,000 shares in Treasury Stock. When the Company declares a $400,000 cash dividend, what is the amount of the Dividend that each shareholder will receive?

E Sport Fitness has 750,000 shares authorized in the Charter, and they have 200,000 shares Issued and 20,000 shares in Treasury Stock. When the Company declares a $400,000 cash dividend, what is the amount of the Dividend that each shareholder will receive?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: On August 15, 2021, EasyMoney, Inc.’s Board of Directors meets and declares that EasyMoney will pay…

A: The question is based on the concept of Financial Accounting.

Q: Provide the journal entry that would be necessary to record the transaction.

A: A journal entry is the record of economic or non-economic transactions in the business containing…

Q: a company currently has 200,000 shares issued and 190,000 shares outstanding. if the company…

A: Cost Accounting includes procedures such as gathering, recording, analyzing, summarizing,…

Q: Howe Corporation plans to issue 7,400 shares of its $1 par value common stock for $34 per share and…

A: Legal capital is a synonym of the par value and face value of share for common stock. It means a…

Q: Diamondback Welding & Fabrication Corporation sells and services pipe welding equip- ment in…

A: Prepare journal entries:

Q: Malit Corporation has a total shareholders' equity of P1,000,000, including retained earnings of…

A: Stockholders are the company's business owners who invest in the company's equity. As a return on…

Q: Moroccan Marble Company, a public company, produces custom marble furniture. On January 1, 2020, it…

A: The journal entries are prepared to keep the record of day to day transactions of the business.

Q: DCF Enterprises Inc.'s capital structure consists of 18 million shares of common stock and 1 million…

A: A percentage, on the other hand, refers to a company's inventory certificate that is positive. A…

Q: Lucky Corporation began the year with a simple capital structure consisting of $240,000 shares of…

A: Formula: Earnings per share = Net Income / outstanding Weighted average common shares Division of…

Q: A corporation has 4,000 shares of 10% noncumulative non participating preference shares outstanding,…

A: Preferred shares are nonparticipating means they will receive only pre fixed dividend. Noncumulative…

Q: Prepare the shareholders' equity section of BEST SCHOOL's statement of financial position as of…

A: Shareholders equity is the portion of capital being invested by the equity shareholders for the…

Q: the total number of outstanding shares of West Corporation amounts to?

A: Given information is: If West Corporation has 80,000 ordinary shares authorized, has 50,000 ordinary…

Q: The company in the previous question, Dodd Corporation, has 100,000shares of common stock owned by…

A: The computation as follows: Hence, the total entity value is $5,700,000.

Q: The owners are desirous of comparing serval financial transactions and possible outcomes to assist…

A: Equity shares and preference shares are two types of shares issued by a company. Company pays…

Q: The Bolt Corporation has an authorized capital stock of 200,000 shares at P25 par value. Capital…

A: The maximum amount of shares a corporation is permitted by law to issue or offer based on its…

Q: ABC company has 10,000 authorized 12% preference share capital, 5,000 of it is issued and…

A: Solution: Preferred dividend declared and paid on par value of issued and outstanding shares.

Q: A corporation has 800,000 ordinary shares outstanding, Recently, the corporation bought 100,000…

A: The question is multiple choice question. Required Choose the Correct Option.

Q: he owners are desirous of comparing several financial transactions and possible outcomes to assist…

A: Mulatto Company Journal Entries Date Particulars Debit Credit 1 Cash $3,000,000…

Q: Xyna Company has 400,000 shares of common stock outstanding and is considering issuing another…

A: solution given Number of common stock outstanding 400,000 Number of shares of Mr A 40000…

Q: On August 15, 2021, EasyMoney, Inc.s Board of Directors meets and declares that EasyMoney will pay a…

A: Retained earnings refers to the account that accumulates the earnings of the company that are not…

Q: What would be the amount of cash dividend per share if your corporation declares a cash dividend?

A: Cash dividend per share = available amount/ total number of shares stock outstanding Given amount =…

Q: Huxley Company has 239699 shares of common stock authorized, 190997 issued, and 57975 shares of…

A: Dividend paid = No. of shares issued and outstanding x Dividend per share where, No. of shares…

Q: 1. ST Corporation has a total shareholders' equity of P1,000,000, including retained earnings of…

A: Dividend: A dividend is a payment made by a company to its stockholders. When a company makes a…

Q: ST Corporation has a total shareholders' equity of P1,000,000, including retained earnings of…

A: Given, Balance in retained earnings = 175,000 Cash balance = 350,000

Q: Casper Energy Exploration reports that the corporation's assets are valued at $120,000,000, its…

A: solution given Total assets 120000000 Total liabilities 76000000 Number of shares…

Q: Netpass Company has 600,000 shares of common stock authorized, 510,000 shares issued, and 240,000…

A: Dividend is paid on the shares outstanding. Shares outstanding = Shares issued - Treasury shares…

Q: During 2022, Sunflower Corporation had the following capital transactions: January 5 - Issued…

A: Calculation of share premium before purchase of own (treasury) shares: Date No of shares…

Q: On August 15, 2021, EasyMoney, Inc.'s Board of Directors meets and declares that EasyMoney will pay…

A: Cash dividends are distribution of accumulated earnings by a companies to its stockholders.…

Q: The authorized capital of the company was OMR 3,000,000 divided into shares of OMR 1 each. The…

A: Equity share capital refers capital which is raised by a corporation by offering shares.

Q: V Sport Fitness has 750,000 shares authorized in the Charter, and they have 200,000 shares Issued…

A: No. of shares issued and outstanding = No. of shares issued - shares in Treasury Stock = 200,000…

Q: what is the market capitalization of the corporation

A: Market capitalization is known as the market value of all the shares issued in the market. It is…

Q: ippy Co has 1,000,000 issued ordinary shares which are traded in an efficient capital market. The…

A: Note: This post contains several questions. The first (Question No. 4) has been answered below.

Q: AUBURN Corporation had 120,000 of ordinary shares issued and January 2 of the same year, the company…

A: Earnings per share represent the earnings held in hands of each shareholder of the company. It is…

Q: Malit Corporation has a total shareholders' equity of P1,000,000, including retained earnings of…

A: The dividend is declared by the company from the available retained earnings.

Q: The balance sheet for Crutcher Corporation reported 260,000 shares outstanding, 360,000 shares…

A: The corporation can issued that much shares which are authorized to the corporation by the Registrar…

Q: The owners are desirous of comparing several financial transactions and possible outcomes to assist…

A: Common stock and Preferred stock shares are two types of shares issued by the company. Company has…

Q: During 2022, the corporation had the following transactions and events pertaining to its…

A: Step 1 Journal and ledger is the part of book keeping

Q: DCF Enterprises Inc.'s capital structure consists of 18 million shares of common stock and 1 million…

A: Market value of common stock =18x$26=$468MillionsProceeds in to the company by share warrants =…

Q: Mitch Company was organized on January 1, 2021 and issued 100,000 P20 par value shares at P23 per…

A: Shareholder equity means the amount that belong to the owner of the company i.e. share holder.…

Q: Poodle Corporation was organized on January 3, 2021. The firm was authorized to issue 100,000 shares…

A: calculation of paid in capital are as follows:

Q: The balance sheet for Crutcher Corporation reported 200,000 shares outstanding, 300,000…

A: Treasury stock: The shares which were reacquired or bought back by the company, but not formally…

Q: Malit Corporation has a total shareholders' equity of P1,000,000, including retained earnings of…

A: >The stockholders are the owner of the corporation who invest their money in the common stock of…

Q: On August 15, 2021, EasyMoney, Inc.'s Board of Directors meets and declares that EasyMoney will pay…

A: The dividends are declared from the retained earnings balance.

Q: Excel Company was formed on January 2020 with an authorized capital of OMR 1 million divided into…

A: company will chose option (C)

Q: ABC Corporation has the following information extracted from the financial statements: - Preferred…

A: Cumulative preferred stock: The cumulative Preferred stock is a type of preferred stock with a term…

Q: Malit Corporation has a total shareholders' equity of P1,000,000, including retained earnings of…

A: solution concept The maximum amount of cash dividend that a company can declare is the amount…

Q: Use the constant dividend growth model to determine the market value of each ordinary share. 2.…

A: “Since you have posted a question with multiple subparts, we will solve first three subparts for…

Q: The owners are desirous of comparing serval financial transactions and possible outcomes to assist…

A: Issue of Capital: When a company needs capital, it issues shares of stock. Generally, this issuance…

Q: Penne Pharmaceuticals sold 8 million shares of its $1 par common stock to provide funds for research…

Question

E Sport Fitness has 750,000 shares authorized in the Charter, and they have 200,000 shares Issued and 20,000 shares in Treasury Stock.

When the Company declares a $400,000 cash dividend, what is the amount of the Dividend that each shareholder will receive?

Definition Definition Stock repurchased from the stockholders by the company that once issued it. The repurchase of the stock reduces the stockholder's equity balance on the balance sheet. Treasury stocks are an important constituent of stockholder's equity but do not carry any voting rights.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

On August 15, 2021, EasyMoney, Inc.s Board of Directors meets. and declares that EasyMoney will pay a dividend to its stockholders. Each share of EasyMoney's Common Stock will be paid a dividend of $1.25 per share. There are currently 100,000 shares of EasyMoney's Common Stock held by EasyMoney's shareholders. The following are the facts related to this dividend: D Dividend per Share D Date of Declaration > Date of Record D Date of Payment $1.25 August 15, 2021 Septembe5, 2021 September 20, 2021 The following is a partial list of the accounts in EasyMoney, Inc.'s General Ledger. These are the only accounts you need for this problem. > Cash D Dividends Payable > Retained Eamings As of August 1, 2021, the Beginning Balance in the Dividends Payable account is $0 and the Beginning Balance in the Retained Eamings account is $625,000. ording Dividends uirement 1 August 15 Dividend declaration entry Date Account Hame Debir Credi B. Alter posting the abovs
On August 15, 2021, EasyMoney, Inc.'s Board of Directors meets and declares that EasyMoney will pay a dividend to its stockholders. Each share of EasyMoney's Common Stock will be paid a dividend of $1.25 per share. There are currently 100,000 shares of EasyMoney's Common Stock held by EasyMoney's shareholders. The following are the facts related to this dividend: D Dividend per Share D Date of Declaration D Date of Record D Date of Payment $1.25 August 15, 2021 September 5, 2021 September 20, 2021 The following is a partial list of the accounts in EasyMoney, Inc.'s General Ledger. These are the only accounts you need for this problem. D Cash D Dividends Payable > Retained Earnings As of August 1, 2021, the Beginning Balance in the Dividends Payable account is $0 and the Beginning Balance in the Retained Earnings account is $625,000.
V Sport Fitness has 750,000 shares authorized in the Charter, and they have 200,000 shares Issued and 20,000 shares in Treasury Stock. When the Company declares a $400,000 cash dividend, what is the amount of the Dividend that each shareholder will receive?
Netpass Company has 300,000 shares of common stock authorized, 270,000 shares issued, and100,000 shares of treasury stock. The company’s board of directors declares a dividend of $1 pershare of common stock. What is the total amount of the dividend that will be paid?
The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 45,000 shares were originally issued and 5,000 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2 per share dividend is declared? Group of answer choices.. $80,000. $10,000. $90,000. $100,000.
The charter of a corporation provides for the issuance of 10,000 shares of common stock. Assume that 60,000 shares were originally issued and 10,000 were subsequently required. What is the amount of cash dividends to be paid if a $2/ per share dividend is declared?
At June 30th, Tidal Co. has 22,000 shares of common stock authorized, 17,000 issued, and 16,500 shares outstanding. On that date, Tidal's board of directors declared a cash dividend of $1.10 per share of common stock. What is the total amount of the cash dividend Tidal will pay to its common shareholders?
Your corporation is declaring a share repurchase and has $10,000 to spend. Your corporation has 700 shares of stock outstanding that is currently selling for $55.00 per share. Please show your calculations in the space provided.If your corporation declares a stock repurchase how many shares of stock can your corporation repurchase for $10,000?
A corporation has 800,000 ordinary shares outstanding, Recently, the corporation bought 100,000 shares of its own stock. At the end of the year, the corporation has P320,000 available to distribute to ordinary shareholders. What are the dividends paid per share? please provide a clear solution. Thank you.
OSE Corporation's articles of incorporation provides for the issuance of 100,000 ordinary shares. During the year, the company originally issued 45,000 shares and subsequently reacquired 5,000 shares. What is the amount of cash dividends to be paid if a P2 per share dividend is declared?
All of the following statements pertain to dividends. Which of them is (are) true? a. Shareholders vote each year to declare and set the amount of the dividends to be paid.b. Dividends Payable is a current liability in the statement of financial position of the corporation.c. A 10% dividend on preference share capital means that each shareholder receives a cash dividend equal to 10% of the market value of the stock.d. All of these statements are true.
The charter of a corporation provides for the issuance of 104,571 shares of common stock. Assume that 44,035 shares were originally issued and 4,245 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2-per-share dividend is declared?