Assignment: PRINCIPLES OF ACCOUNTING
1- On January 24th, 2018, SABIC's Board of Directors declared to distribute 6 SR per share as cash dividends. SABIC has 3,000,000 common shares outstanding. The dividend will be paid on February 25th to stockholders of record on February 1st.
- What are the required entries for this transaction.
2- On September 26th, 2018, Mobily purchased 700,000 of its own shares of stock in the open market for 34 SR per share. Then on November 17th, 2018 sold 200,000 shares for 23 SR per share.
3- Talk briefly about the sections of statement of cash flows.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.