Cash dividends on the $10 par value common stock of Harland Company were as follows:
What was the effect on Harland's stockholders' equity accounts as a result of the 2014 dividend transactions?
Additional
Common Stock Paid-In Capital Retained Earnings
A) $75,000 credit $0 $1,975,000 debit
B) $75,000 credit $75,000 credit $2,050,000 debit
C) $150,000 credit $150,000 credit $1,900,000 debit
D) $150,000 credit $75,000 credit $2,050,000 debit
Correct Answer:
Verified
Q69: On August 10,Bushmills Corporation reacquired 8,000 shares
Q70: The stockholders' equity section of Angus Corporation
Q71: Meower Corp.received a charter authorizing 120,000 shares
Q72: The Mailer Corporation had the following classes
Q73: On June 1,2014,Revere Corporation declared a stock
Q75: Which of the following presentation formats is
Q76: On September 20,2014,Shunt Corporation declared the distribution
Q77: Indigo Co.was organized on January 2,2014,with the
Q78: Lexan Company reported the following for the
Q79: Chase Co.owned 30,000 common shares of Sanborn
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents