2) On Oct. 1, 2023, the board of directors of Marge Inc. declared a $1.50 per share cashdividend on 55,000 shares of $1 par value common stock. The dividend will be paid tostockholders' who own shares on Dec. 31, 2023. The dividend will be paid on Feb. 1, 2024.What journal entry, if any, is required on each of the following dates?a. Oct. 1, 2023b. Dec. 31, 2023c. Feb. 1, 20243) At the Kwik-E-Mart, Bart & Lisa use the same cash register drawer.a. What principle of internal control is being violated?b. How could a new policy improve this internal control violation?4) The employee responsible for The Leftorium's checks keeps the checks in an unlocked desk.a. What principle of internal control is being violated?b. How could a new policy improve this internal control violation?

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On Oct. 1, 2023, the board of directors of Marge Inc. declared a $1.50 per share cash dividend on 55,000 shares of $1 par value common stock. The dividend will be paid to stockholders' who own shares on Dec. 31, 2023. The dividend will be paid on Feb. 1, 2024. What journal entry, if any, is required on each of the following dates? a. Oct. 1, 2023 b. Dec. 31, 2023 c. Feb. 1, 2024

On Oct. 1, 2023, the board of directors of Marge Inc. declared a $1.50 per share cash dividend on 55,000 shares of $1 par value common stock. The dividend will be paid to stockholders' who own shares on Dec. 31, 2023. The dividend will be paid on Feb. 1, 2024. What journal entry, if any, is required on each of the following dates? a. Oct. 1, 2023 b. Dec. 31, 2023 c. Feb. 1, 2024

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 19P: Anoka Company reported the following selected items in the shareholders equity section of its...

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The board of directors of Blue Spruce Corp. declared a cash dividend of $2.45 per share on 32000 shares of common stock on July 15, 2020. The dividend is to be paid on August 15, 2020, to stockholders of record on July 31, 2020. The effects of the journal entry to record the payment of the dividend on August 15, 2020, are to
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Following is a recent Tangent press release: MINNEAPOLIS, March 12, 2020 /PRNewswire/—The board of directors of Tangent Corporation has declared a quarterly dividend of 82 cents per common share. The dividend is payable June 10, 2020, to shareholders of record at the close of business May 20, 2020. Prepare the journal entries Tangent used to record the declaration and payment of the cash dividend for its 500 million shares.
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