An employee receives a bi-weekly gross salary of $2,000. The employee's deductions include income tax of $218, CPP of $99, El of $36, and union dues of $50. The employer's share of the deductions includes CPP of $139 and El of $36. What is the total amount of salaries and employee benefits expense that X Corp. would record on its income statement as a result of the employee's bi-weekly salary? $1,597 $1,772 $2,000 $2,175 If the cash register tape indicates cash sales were $4,000 and HST was $520, the journal entry to record this information is: Cash 4,520 Sales 4,520 Cash 4,000 Sales 4,000 4,000 Cash Sales Tax Expense Sales 520 4,520 4,520 Cash Sales Sales Tax Payable 4,000 520 The shareholders' equity section of Charles Corporation at December 31, 2018 included the following: $ 400,000 $4 preferred shares, cumulative, 10,000 shares authorized, 4,000 shares issued Common shares, 500,000 shares authorized, 350,000 shares issued 2,000,000 Dividends were not declared on the preferred shares in 2018 and are in arrears. On September 15, 2019, the board of directors of Charles Corporation declared all of the required annual dividends on the preferred shares for 2018 and 2019, to shareholders of record on October 1, 2019, payable on October 15, 2019. The amount of total dividends declared on preferred shares on September 15, 2019 is $20,000. $32,000. $64,000. $16,000. Vision Inc. had 400,000 common shares when a 25% stock dividend was declared and distributed. How many shares were issued after the stock dividend? 700,000 125,000 500,000 625,000 On January 1, 2018, Arwing Inc. declared a 10% stock dividend on its common shares when the market value of the common shares was $20 per share. Shareholders' equity before the stock dividend was declared consisted of: Common shares, authorized 200.000 shares, issued 120.000 shares Retained earings Total shareholders' equity. $1.350.000 700.000 S2.050.000 What was the effect on Arwing's retained earnings as a result of the above transaction? $120,000 decrease $240,000 decrease $400,000 decrease $200,000 decrease Restrictions on retained earnings include all but which of the following characteristics? Restrictions on retained earnings must be disclosed in the notes to the financial statements. Only a portion of retained earnings may be restricted. A restriction on retained earnings means a reduction in the power to declare dividends. A journal entry must be made to indicate such a restriction