Poundcake Company owns 10,000 shares (10% of total shares) of Joshua, Inc. Joshua declares and pays a cash dividend of $0.50 per share. Poundcake first records dividends when cash is received. Upon receipt of the cash dividend, what entry should Poundcake make?

Explanation:

Journal Entries

On declaration of dividend

Dividend Receivable  (10000*.5)    5000

              Dividend Income                         5000

To record the Dividend Income on declaration date

On dividend Receipt Date

Cash                  5000

            Dividend Receivable  5000

To record the receipt Dividend in ledgers.

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

                                          hope it