Recording federal income tax transaction and cash dividend transactions. What annual per share dividend was paid to common stockholders in 2010?
May 15-
Which company?
Ahmed Corportation Problem Set A 21.1A
Apparently Ahmed is either a fictional company or a private company. I could find no information about it. We also have no idea what Set A 21.1A is.
MS SUE HELP HERE IS WHOLE PROBLEM.IT NEEDS TO BE JOURNALIZED PROPERLY.
mAY 15-fILED THE FEDERAL INCOME TAX RETURN FOR 2009. THE TOTAL TAX FOR THE YEAR WAS 124,000. DURING 2009, QUARTERLY DEPOSITS OF ESTIMATED TAX TOTALING 122,700 ;HAD BEN MADE. THE ADDITIONAL TAX OF 1,300 WAS PAID WITH THE RETURN. ON DEC. 31, 2009, THE ACCOUNTANT HAD ESTIMATED THE TOTAL TAX FOR 2009 TO BE 123,600 AND HAD RECORDED A LIABILITY OF 900 FOR FEDERAL INCOME TAX PAYABLE.
APR. 15 - PAID FIRST QUARTERLY INSTALLMENT OF 31,000 ON 2010 ESTIMATED FEDERAL INCOME TAX.
MAY 3- DECLARED DIVIDEND OF .50 PER SHARE ON THE 40,000 SHARES OF COMMON STOCK OUTSTANDING. THE DIVIDEND IS PAYABLE ON JUNE 2 TO STOCKHOLDERS OF RECORD AS IF MAY 20, 2010
JUNE 2- PAID DIVIDEND DECLARED ON MAY 3.
JUNE 15- PAID SECOND QUARTERLY INSTALLMENT OF 31,000 ON 2010 ESTIMATED FEDERAL INCOME TAX.
SEPT. 15- PAID THIRD QUARTERLY INSTALLMENT OF 31,000 ON 2010 ESTIMATED FEDERAL INCOME TAX.
NOV. 2- DECLARED DIVIDEND OF .50 PER SHARE ON 40,000 SHARES OF COMMON STOCKS OUTSTANDING. THE DIVIDEND IS PAYABLE ON DEC. 2 TO HOLDERS OF RECORD ON NOV. 20.
DEC. 2- PAID DIVIDEND DECLARED ON NOV. 2.
DEC. 15- PAID FOURTH QUARTERLY INSTALLMENT OF 31,000 ON 2010 ESTIMATED INCOME TAX
DEC. 31- TOTAL INCOME TAX FOR 2010 WAS 128,940. RECORD AS AN ADJUSTMENT THE DIFFERENCE BETWEEN THIS AMOUNT AND THE TOTAL QUARTERLY DEPOSITS.
ANALYZE: WHAT ANNUAL PER SHARE DIVIDEND WAS PAID TO COMMON STOCKHOLDERS IN 2010?
I'm sorry, but I know nothing about accounting. Jiskha doesn't have any regular accounting tutors.
To determine the annual per share dividend paid to common stockholders in 2010, you would typically need to refer to the financial statements or annual reports of the company in question. However, without specific information about the company, we can't provide you with an exact answer.
Here are the general steps you can follow to find this information for a company:
1. Identify the company: Determine the specific company you are interested in, as the dividend amount can vary from company to company.
2. Access financial statements or annual reports: Visit the investor relations section of the company's website or the Securities and Exchange Commission's (SEC) EDGAR database to find the financial statements or annual reports. These reports usually provide detailed information about dividends.
3. Locate the dividend payments: Look for the section within the financial statements or annual reports that discusses dividends or shareholder distributions. This section may include a breakdown of dividends paid to different classes of stock, such as common stockholders.
4. Find the dividend information for the year 2010: Within the dividend section, look for the specific year 2010 or the fiscal year that aligns with the calendar year 2010. It should provide information about the dividend amount paid to common stockholders during that period.
5. Calculate the annual per share dividend: Once you have the total dividend amount paid to common stockholders, divide it by the number of shares outstanding for that year to calculate the annual per share dividend.
Remember, the availability and details of this information can vary by company, so it's necessary to refer to the specific company's financial documents.