Appropriation of retained earnings is always done for a contractual reason. Agree or disagree? Defend your position.
Question:
Appropriation of retained earnings is always done for a contractual reason. Agree or disagree? Defend your position.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 28% (7 reviews)
Disagree Approp...View the full answer
Answered By
FREDRICK MUSYOKI
Professional Qualities:
Solution-oriented.
Self-motivated.
Excellent problem-solving and critical thinking skills.
Good organization, time management and prioritization.
Efficient troubleshooting abilities.
Tutoring Qualities:
I appreciate students as individuals.
I am used to tailoring resources for individual needs.
I can integrate IT into student's lessons.
I am good at explaining concepts.
I am able to help students progress.
I have a wide curriculum knowledge.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
College Accounting A Practical Approach
ISBN: 9780134729312
14th Edition
Authors: Jeffrey Slater, Mike Deschamps
Question Posted:
Students also viewed these Business questions
-
Explain why an appropriation of Retained Earnings is not the same as setting aside cash. How does a corporation dispose of a Retained Earnings Appropriated account such as Retained Earnings...
-
CASH DIVIDEND AND APPROPRIATION OF RETAINED EARNINGS On January 1, 20--, MacMillan Companys retained earnings accounts had the following balances: Appropriated for computer........$ 25,000...
-
"Most people are poor listeners." Do you agree or disagree? Defend your position.
-
The Qantas Group includes a sustainability report in its annual report. What key performance indicators are included in this report? Explain the different stakeholders that would be interested in...
-
When calibrating a pulse by looking for the null produced by a 180 rotation, why is it important to choose a line which is close to the transmitter frequency (i.e. one with a small offset)?
-
A swap dealer is a net floating-rate payer and net fixed-rate receiver. The dealer can hedge this position by: Select one: a.unwinding some positions where the dealer is fixed-rate payer. b.unwinding...
-
To earn a planned net income, the required contribution margin must equal what two amounts?
-
(Debtor/Creditor Entries for Modification of Troubled Debt) Vargo Corp. owes $270,000 to First Trust. The debt is a 10-year, 12% notes due December 31, 2010. Because Vargo Corp. is in financial...
-
Daily demand for tomato sauce at Mama Rosa's Best Pasta restaurant is normally distributed with a mean of 120 quarts and a standard deviation of 50 quarts. Mama Rosa purchases the sauce from a...
-
Management of Staples Pty Ltd has been provided you with the following information for the period 1 April - 31 July 2016 in order to prepare a budgeted Income Statement and Cash Budget. Following a...
-
All treasury stock is recognized as issued and outstanding for dividends. True or false? Please explain.
-
Restrictions on retained earnings have to be updated in the ledger. Agree or disagree? Why?
-
Derive the formula for the normal equations of a cubic least squares parabola.
-
discuss the role of evolutionary theory in understanding the emergence and spread of infectious diseases, including the evolution of drug resistance, host-pathogen coevolution, and the dynamics of...
-
How do microbial communities shape host physiology and immune function, and what are the implications of dysbiosis in the microbiota for human health, particularly in the context of chronic...
-
Explain how the employee costs is a way to use the cost accounting for a given organization.
-
Dafoe Corporation uses direct labor-hours in setting its predetermined overhead rate. At the beginning of the year, the total estimated manufacturing overhead was $165,600. At the end of the year,...
-
Jane McDonald is a 28-year-old solicitor at a prestigious law firm in Sydney. Jane rents a studio apartment near the Sydney central business district, paying $650 per week. She estimates her other...
-
Write a Research Journal - the introduction and conclusion and add more sources to reflect the work on the PBRA proposal.
-
To balance the chemical equation SiH3 + O2 SiO2 + HO, you could introduce coefficients a, b, c, d and write aSiH3 + bO2 cSiO + dHO then write linear equations for each element. The equation for Si...
-
If in Exercise 6A-2 cash on hand is $29, prepare the entry to replenish the petty cash on October 31. In Exercise 6A-2 201X Oct. 1 A $109 petty cash fund is established. 31 At the end of the month,...
-
At the end of the day the clerk for Bills Variety Shop noticed an error in the amount of cash he should have. Total cash sales from the sales tape were $1,190, whereas the total cash in the register...
-
From the following information, construct a bank reconciliation for Zing Co. as of March 31, 201X. Then prepare journal entries ifneeded. Checkbook balance Bank statement balance Deposits (in...
-
In the following scenario, for the tax year 2022, is a U.S. Form 1040 required? Married Filing Separately, age 29, no earned income, $5,500 of non taxable interest. Married Dependent Filing Seperate,...
-
Regression equations Fill in the missing information in the following table.
-
3. Parts arrive at an automated machining center at a rate of 100 per hour, based on a Poisson distribution. The machining center is able to process these parts at a fixed rate of 150 per hour. That...
Study smarter with the SolutionInn App