1. What are the dates associated with Molson Coors Brewing Company’s dividend announcement?
Original blog posting (December 3, 2015)

2. Molson Coors Brewing Co.
Molson Coors Brewing Company declared a dividend in November 2015
Next slides go through dividend announcement date by date
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3. MOLSON COORS BREWING CO. DIVIDEND ANNOUNCEMENT
DENVER & MONTREAL--(BUSINESS WIRE)--Nov. 12, Molson Coors Brewing Company (NYSE: TAP) today declared a regular quarterly dividend on its … common shares of US $0.41 per share, payable December 15, 2015, to shareholders of record on November 30, 2015.
Photo source:

4. MOLSON COORS BREWING CO. DIVIDEND ANNOUNCEMENT
DENVER & MONTREAL--(BUSINESS WIRE)--Nov. 12, Molson Coors Brewing Company (NYSE: TAP) today declared a regular quarterly dividend on its … common shares of US $0.41 per share, payable December 15, 2015, to shareholders of record on November 30, 2015.
Date of Declaration
Photo source:

5. MOLSON COORS BREWING CO. DIVIDEND ANNOUNCEMENT
DENVER & MONTREAL--(BUSINESS WIRE)--Nov. 12, Molson Coors Brewing Company (NYSE: TAP) today declared a regular quarterly dividend on its … common shares of US $0.41 per share, payable December 15, 2015, to shareholders of record on November 30, 2015.
Date of Record
Photo source:

6. MOLSON COORS BREWING CO. DIVIDEND ANNOUNCEMENT
DENVER & MONTREAL--(BUSINESS WIRE)--Nov. 12, Molson Coors Brewing Company (NYSE: TAP) today declared a regular quarterly dividend on its … common shares of US $0.41 per share, payable December 15, 2015, to shareholders of record on November 30, 2015.
Date of Payment
Photo source:

7. Question 1
What is the specific date for each of the following events related to this Molson Coors dividend? a. Date of declaration b. Date of record c. Date of payment

8. Question 2
On what date does this dividend become an actual liability for Molson Coors?

9. Question 3
Assume that there are 1 billion shares authorized, 191 million shares issued, and 185 million shares outstanding on the date of record for this dividend. What is the total dollar amount of this dividend?

10. Question 4
How will this dividend impact Molson Coors’ the following components of its balance sheet on the date of declaration? a. Assets b. Liabilities c. Stockholders’ equity

11. Question 5
How will this dividend impact Molson Coors’ the following components of its balance sheet on the date of payment? a. Assets b. Liabilities c. Stockholders’ equity

12. Question Recap
What is the specific date for each of the following events related to this Molson Coors dividend?
Date of declaration
Date of record
Date of payment
On what date does this dividend become an actual liability for Molson Coors?
Assume that there are 1 billion shares authorized, 191 million shares issued, and 185 million shares outstanding on the date of record for this dividend. What is the total dollar amount of this dividend?
How will this dividend impact Molson Coors’ the following components of its balance sheet on the date of declaration?
Assets
Liabilities
Stockholders’ equity
How will this dividend impact Molson Coors’ the following components of its balance sheet on the date of payment?

13. For additional news stories to use in the accounting classroom, see the Accounting in the Headlines blog at Questions or comments? Contact Dr. Wendy Tietz at