QUESTION: On January 15, Year 5 Rice Co. declared its annual cash dividend on common stock for the year ended January 31, Year 5.?

Question

The dividend was paid on February9, Year5, to stockholders of record as of January28, Year5. On what date should Rice decrease retained earnings by the amount of the dividend?

1.January15, Year5. 2.January31, Year5. 3.January28, Year5. 4.February9, Year5.

حسين محمد ياسين · Answer

agree with answers .................................

Khaled Abdelrehim ACCA DipIFR CMA · Answer

Action should be taken in the declaration date15 January.

Ahmed kandil · Answer

January15, Year5 is the correct answer thanks

IMRAN ALI MOHAMMED · Answer

As the Divided has been declared on15th Jan' year5, the retained earnings has to be reduced on the same date, not on the date when it has been paid. Hence the answer is option1. ' January15, Year5'

Lesley Lanag CMA CPA · Answer

3. January28, year5 (date or record)

Khaled Mohee Eldeen Abbas Mahmoud · Answer

the declaration day "1.January15, Year5"

SREEDEVI SUNILKUMAR · Answer

1. January15 Year Five

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QUESTION: On January 15, Year 5 Rice Co. declared its annual cash dividend on common stock for the year ended January 31, Year 5.?

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