Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. during 2019, hh inc. has 5,000 shares issued and o

During 2019, HH Inc. has 5,000 shares issued and outstanding, par value is $1 per...

90.2K

Verified Solution

Question

Accounting

image
During 2019, HH Inc. has 5,000 shares issued and outstanding, par value is $1 per share On 15 December, the Board of Directors declared a 50% Share dividend to shareholders of record on 31 December 2019, payable on Jan 15, 2020. The market value of the share is $40 on 15Dec. 2019. Net income for 2019 was 100,000 Required Prepare the Journal entries on the following dates: 1- 15 Dec, 2019 2- 31 Dec, 2019 3- 15 Jan, 2020

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

Dickinson Brothers, Inc., is considering investing in a machine to produce computer keyboards. The price of...

Medical Sciences
1.2K views

What role do the kidneys play in the RAAS and BNP system?

Biology
1.2K views

Should we be worried about low genetic variation in small populations of endangered species? (Focus your...

Psychology
1.2K views

QUESTION 24 An hour after going to bed, Mike was so soundly asleep his parents were unable...

Psychology
1.2K views

Please browse the New American Story Project website, reading the testimonials of the unaccompanied minor refugees...

Advance Math
1.2K views

discrete structures problems 1.Find a limit to show that x(In(x2))3 is O(x2). Simplify when possible to avoid...

Biology
1.2K views

22 What is the common name of the disease associated with the indicated objects 23...

Accounting
1.2K views

Marigold Company reports the following costs and expenses in May. Determine the total amount of...

Accounting
1.2K views

Balance Sheet is prepared to determine the --_of the business. a. Financial Position b. Financial...

Accounting
1.2K views

4. Rhone-Metro Industries...

Accounting
1.2K views

Liquidity analysis is required A. in order to evaluate the profitability over past accounting periods....

Finance
1.2K views

The market has an expected rate of return of 11.2 percent. The current nominal expected...