The entry to pay a previously declared dividend of $.25 per share on 12,500 outstanding shares of common stock requires a:

Answers

Answer 1

Answer:

debit to dividends payable for $3,125

Explanation:

Based on the information given the journal entry to pay a previously declared dividend of the amount of $.25 per share on 12,500 outstanding shares of common stock requires a:

Debit to dividends payable for $3,125

Calculated as:

Dividends payable =Dividend of the amount of $.25 per share *12,500 outstanding shares of common stock

Dividends payable=$3,125

Related Questions

Choose 3 macro factors (Political, Economical, Social, Technological, Environmental)

Answers

Answer: See explanation

Explanation:

Economic factors : Some economic factors that affect business can include Inflation, interest rates, exchange rates, taxes, recession and level of demand and supply. It should be noted that the economic factors of a business has an impact on the production level of the business and also the consumers decision making.

Technological factors: Technological factors has to do with the skills that are put into production, and the technologies that are used for production purpose. Technological factors include automation, 3D technology, speed, internet connectivity, wireless charging etc.

Political factors: Political factors also affect a business. Businesses need to be updated regarding the political and legal issues in order to thrive. These include copyright law, fraud law, employment law, safety law and discrimination law.

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