Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on May 23, 2024

ABC announced a dividend payout of $60,000 on Aug 14, what is the journal entry? 1.Cash decreases by 60,000, dividend payable 60,000 2.No entry 3.Dividend

ABC announced a dividend payout of $60,000 on Aug 14, what is the journal entry? 1.Cash decreases by 60,000, dividend payable 60,000 2.No entry 3.Dividend payable 60,000, Retained Earning decreases by...

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: Warren, Reeve, Duchac

12th Edition

1133952410, 9781133952411, 978-1133952428

More Books

Students also viewed these Accounting questions

Question

★★★★★

Southern Stitches is a local casual clothing shop that makes a variety of t-shirt styles. Below is some actual vs. budget information for Southern's t-shirts for the month of May. Assume no...

Answered: 1 week ago

Question

★★★★★

A researcher has given a survey on sexual attitudes to a sample of 317 teenagers. The respondents were asked whether they considered premarital sex to be always wrong or not always wrong. The tables...

Answered: 1 week ago

Question

★★★★★

Martinez Manufacturing makes two products, one of which is produced at a significantly higher volume than the other. The low-volume product consumes more of the companys engineering resources because...

Answered: 1 week ago

Question

★★★★★

Determine the cost of sampling for each of the scenarios in Exercise 6.18 when the initial cost of sampling is ????0 = $750 and the cost of sampling per unit sampled is ???? = $5.

Answered: 1 week ago

Question

★★★★★

1. Analyze the ethical culture at TAP. Does the culture appear to be in alignment? Misalignment? 2. Based on the facts in the case and what you have learned in this chapter, evaluate the culture...

Answered: 1 week ago

Question

★★★★★

What is the discount yield, bond equivalent yield; and effective annual return on a \$1 milion Treasury bill that currently sells at 96.375 percent of its face value and is 75 days from maturity?...

Answered: 1 week ago

Question

★★★★★

Ropes AB, AC, and AD are tied to the hook at A. Find the force in AB knowing the mass of the crate is 3009. Answer(s): A 1200mm 600mm 600mm. 200mm 400mm 400mm IN

Answered: 1 week ago

Question

★★★★★

3. One key theme of Chapter 13 (indeed, of the whole book) is that "bad government" is a key explanation for why some countries fail to grow richer. Choose THREE of the remaining sections of Chapter...

Answered: 1 week ago

Question

★★★★★

An action plan for a personal leadership portfolio. Please don't forget support in-text as well as in references. Developing the degree of self-awareness and direction setting as this assignment...

Answered: 1 week ago

Question

★★★★★

When considering QI, some people believe that major opportunities for improvement can be realized by increasing clinician's skills and competence. However, others believe that more opportunities for...

Answered: 1 week ago

Question

★★★★★

According to Joint Publication 3-24, Counterinsurgency, why should precision engagement by airpower "be designed to employ [host nation] airpower resources to the greatest extent possible

Answered: 1 week ago

Question

★★★★★

The tension between my mother and me rapidly increased once I moved home from college as she gave me little to no privacy. I was mature, had a full-time job, and wasn't the same as before I left four...

Answered: 1 week ago

Question

★★★★★

The table below presents the tax revenue and spending for the government over five years. a. Under the "Budget Amount" column calculate the annual budget outcome. Instructions: Enter your answer as a...

Answered: 1 week ago

Question

★★★★★

The Goldman Company purchased equipment on November 1, Year 1 for $35,000. The equipment has a 10-year life and a zero salvage value. The company uses straight-line depreciation for financial...

Answered: 1 week ago

Question

★★★★★

Evenflow Power Co. is considering a new project that is a little riskier than the current operations of the company. Thus, management has decided to add an additional 1.5% to the company's overall...

Answered: 1 week ago

Question

★★★★★

14. If you wanted to hire the brightest people around, how would you go about recruiting and selecting them? Jim Bandag took over his familys auto supply business in 2012, after helping his father,...

Answered: 1 week ago

Question

★★★★★

9. Identify and briefly discuss five specific human resource management errors that Im currently making. Jim Bandag took over his familys auto supply business in 2012, after helping his father, who...

Answered: 1 week ago

Question

★★★★★

8. My strategy is to (hopefully) expand the number of stores and eventually franchise, while focusing on serving only high-quality fresh ingredients. What are three specific human resource management...

Answered: 1 week ago

Previous Question Next Question