Business, 01.12.2020 16:40 daquan20035
On May 20, the board of directors for Auction. com declared a cash dividend of 50 cents per share payable to stockholders' of record on June 14. The dividends are paid on July 14. The company has 504,000 shares of stock outstanding. Closing entries are recorded on July 31. Prepare any necessary journal entries for each date.
1. Record the entry on the date of declaration for a cash dividend of 50 cents per share payable in the 504,000 shares of stock outstanding.
2. Record the entry on the date of record for a cash dividend of 50 cents per share payable on the 504,000 shares of stock outstanding.
3. Record the entry on the date of payment for the cash dividend.
4. Record the entry to close the dividend account to retained earnings.
Answers: 2
Business, 22.06.2019 04:40
Select the correct text in the passage.which sentences in the given passage explains the limitations of monetary policies? monetary policies - limitationsmonetary policies are set by the central bank to bring about growth in the economy.de can be achieved these policiesw at anden i sca poit would be fair to say that changes in the economy cannot be brought about instantly by monetary po des.monetary policy can only influence not control, economic growththe monetary policy makers do work on sining the perfect balance between demand and supply of money in the economy
Answers: 3
Business, 22.06.2019 10:10
conquest, inc. produces a special kind of light-weight, recreational vehicle that has a unique design. it allows the company to follow a cost-plus pricing strategy. it has $9,000,000 of average assets, and the desired profit is a 10% return on assets. assume all products produced are sold. additional data are as follows: sales volume 1000 units per year; variable costs $1000 per unit; fixed costs $4,000,000 per year; using the cost-plus pricing approach, what should be the sales price per unit?
Answers: 2
Business, 22.06.2019 13:40
Determine if the following statements are true or false. an increase in government spending can crowd out private investment. an improvement in the budget balance increases the demand for financial capital. an increase in private consumption may crowd out private investment. lower interest rates can lead to private investment being crowded out. a trade balance in sur+ increases the supply of financial capital. if private savings is equal to private investment, then there is neither a budget sur+ nor a budget deficit.
Answers: 1
Business, 22.06.2019 17:30
Palmer frosted flakes company offers its customers a pottery cereal bowl if they send in 3 boxtops from palmer frosted flakes boxes and $1. the company estimates that 60% of the boxtops will be redeemed. in 2012, the company sold 675,000 boxes of frosted flakes and customers redeemed 330,000 boxtops receiving 110,000 bowls. if the bowls cost palmer company $3 each, how much liability for outstanding premiums should be recorded at the end of 2012?
Answers: 2
On May 20, the board of directors for Auction. com declared a cash dividend of 50 cents per share pa...
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