微觀經(jīng)濟(jì)學(xué)dividends,retainedearningsandincomereporting(參考版)
2024-08-13 10:05本頁面
【正文】 Profit minus preference dividends Weighted average ordinary shares issued PowerPoint presentation by Dr Anne Abraham, University of Western Sydney 35 EPS amp。 Sons Australia, Ltd DIVIDENDS ? A dividend is a distribution by a pany to its shareholders on a pro rata (proportional) basis ? Dividends can take 4 forms: cash, property, scrip (promissory note to pay cash) or shares ? Dividends can be expressed as either: –a percentage of the stated value of the share or –a dollar amount per share PowerPoint presentation by Dr Anne Abraham, University of Western Sydney 2 LO1 Cash dividends ? A cash dividend is a pro rata distribution of cash to shareholders ? For a corporation to pay a cash dividend it must have: –retained earnings –adequate cash –a declaration of dividends PowerPoint presentation by Dr Anne Abraham, University of Western Sydney 3 Cash dividends continued Entries for cash dividends ? Four dates are important in connection with dividends 1. Declaration date –Board of Directors formally declares a cash dividend and a liability is recorded PowerPoint presentation by Dr Anne Abraham, University of Western Sydney 4 Dec 1 Retained Earnings 50 000 Dividends Payable 50 000 (To record declaration of cash dividend of 50c per share on 100 000 shares) Cash dividends continued 2. Record date –Date on which pany closes its share register and determines the shareholders entitled to receive the dividend 3. Exdividend date –Usually 4th business day before pany’s record date –Dividend only paid to shareholders who purchase shares before record date PowerPoint presentation by Dr Anne Abraham, University of Western Sydney 5 Cash dividends continued 4. Payment date –Date dividend cheques are mailed or transferred electronically to shareholders –Date on which payment of dividend is recorded PowerPoint presentation by Dr Anne Abraham, University of Western Sydney 6 Jan 20 Dividends Payable 50 000 Cash 50 000 (To record payment of cash dividend) Cash dividends continued Allocating cash dividends between preference and ordinary shares –Cash dividends must be paid first to preference shareholders before any ordinary shareholders are paid –For cumulative preference shares, any dividends in arrears and current year dividend must be paid before allocating any dividends to ordinary shareholders PowerPoint presentation by Dr Anne Abraham, University of Western Sydney 7 Cash dividends continued –For noncumulate preference shares, only current year’s dividend must be paid before paying any dividends to ordinary shareholders PowerPoint presentation by Dr Anne Abraham, University of Western Sydney 8 Cash dividends continued Example –As at 30 June 2020 ? 1000 8% $100 cumulative preference shares ? 50 000 ordinary shares issued at $10 ? Directors declares $6000 cash dividend PowerPoint presentation by Dr Anne Abraham, University of Western Sydney 9 Jun 30 Retained Earnings 6 000 Dividends Payable 6 000 (To record $6 per share cash dividend to prefer
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