DCC Accounting Chapter 14 Review

Deficit-

Return on common stockholders’ equity-

Prior period adjustment-

Cash dividend-

Liquidating dividend-

Declaration date-

Retained earnings restrictions-

Stock dividend-

Earnings per share-

Stock split-

Small stock dividend-

Record date-

1. How do you calculate earnings per share?

2. What is common stock dividends distributable classified as on the balance sheet?

3. What is dividends payable classified as?

4. What are the effects of a stock split?

5. Which stocks event result in a journal entry, which do not?

6. What is the effect on a stockholder receiving a stock dividend (for the stockholder)?

7. Why do corporations issue stock dividends?

8. How does the board of directors assign a per share value?

9. Where are regular dividends declared out of? 10. What are the two most common types of dividends?

11. How are dividends predominately paid?

12. What is the necessary process for a corporation to pay a cash dividend?

13. What do earnings per share indicate?

14. When does a corporation pay income tax?

15. Where is Common Stock Dividends Distributable located on the balance sheet?

16. Do dividends still get paid if retained earnings are restricted?

17. What is a debit to retained earnings identified as?