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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Posted by:
Ahmed Elemam
31-May-2016

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.

Accounting Auditing Financial Accounting Financial Analysis Finance

Question ajoutée par mohamed Hakim CMA CPA Candidate , Accounting Manager , Andersen saudi arabia
Date de publication: 2015/09/17

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par حسين محمد ياسين , Finance Manager , مؤسسة عبد الماجد محمد العمر للمقاولات العامة

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

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

Action should be taken in the declaration date15 January.

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par Ahmed kandil , Cost Controller , Battour Holding Cpompany

January15, Year5 is the correct answer thanks

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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'

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