Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. following is a recent tangent press release: minn

Following is a recent Tangent press release: MINNEAPOLIS, March 12,2020/PRNewswire/-The board of directors of...

80.2K

Verified Solution

Question

Accounting

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 70 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. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (f.e.,10,000,000 should be entered as 10).
image

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

In 2011-2015, mutual fund manager, Diana Sauros produced the following percentage rates of return for the...

Advance Math
1.2K views

Find the following Taylor Series with given centers. Use the algebraic methods rather than the derivatives. 1....

Advance Math
1.2K views

Use MATLAB to create a script which solves for problem 5.9 in the book (5.11 in...

Psychology
1.2K views

Scenario            Imagine that you are on a team of counselors who have been called in to provide...

Physics
1.2K views

Explain how light is produced in the fluorescent light tube about your head using the quantum...

Civil Engineering
1.2K views

A cantilevered one way slab of effective span 1.5 m has an effective depth of 100...

Basic Math
1.2K views

Given A and B are mutually exclusive events such that p(A)=0.3, p(B)=0.4. What is the...

Algebra
1.2K views

A m Line w is steeper than Line B m 3 N A 0

Accounting
1.2K views

The inventory data for an item for November are: Nov. 1 Inventory 4 Sold 10...

Accounting
1.2K views

Ritz Company sells fine collectible statues and has implemented activity-based costing. Costs in the shipping...

Accounting
1.2K views

? Lone's Cempanies, Ine. Consolidated Balance Sthets (It mitlicen, excepl pat value) Janwary 28,2022...

Finance
1.2K views

Ecsy-Cola23 Libby Flannery, the regional manager of Ecsy-Cola, the international soft drinks empire, was reviewing...