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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.?

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.

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Question ajoutée par mohamed Hakim CMA CPA Candidate , Accounting Manager , Andersen saudi arabia
Date de publication: 2015/09/17
حسين محمد ياسين
par حسين محمد ياسين , Finance Manager , مؤسسة عبد الماجد محمد العمر للمقاولات العامة

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

Khaled Abdelrehim ACCA DipIFR CMA
par Khaled Abdelrehim ACCA DipIFR CMA , Financial Analysis Assistant General Manager , Khalda Petroleum Company

Action should be taken in the declaration date15 January.

Ahmed kandil
par Ahmed kandil , Cost Controller , Battour Holding Cpompany

January15, Year5 is the correct answer thanks 

 

IMRAN ALI MOHAMMED
par IMRAN ALI MOHAMMED , Accounts Officer , M/s. Euro Glazing Ltd

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
par Lesley Lanag CMA CPA , Senior Accountant , Takaful Emarat Insurance (P.S.C)

3. January28, year5 (date or record)

Khaled Mohee Eldeen Abbas Mahmoud
par Khaled Mohee Eldeen Abbas Mahmoud , Chartered Accountant # 10465 , Self-employed

the declaration day "1.January15, Year5"

SREEDEVI SUNILKUMAR
par SREEDEVI SUNILKUMAR , Business finance officer , Emirates Airline

1.    January15  Year Five

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