FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

During 2020, Blue Supplies Ltd.'s assets decreased $33,000, its liabilities decreased $41,000, its share capital increased $5,000, and Blue recorded net profit of $12,000. What

image text in transcribed

During 2020, Blue Supplies Ltd.'s assets decreased $33,000, its liabilities decreased $41,000, its share capital increased $5,000, and Blue recorded net profit of $12,000. What was the amount of dividends declared in 2020? O $19.000 O $1,000 $12,000 O $9,000 Activate Windows

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Accounting And Audit With Bank Securities Theory Methodology Practice Improvement Of Accounting And Audit Of Operations With Securities Issued By The Bank

Accounting And Audit With Bank Securities Theory Methodology Practice Improvement Of Accounting And Audit Of Operations With Securities Issued By The Bank

Authors: Viktorija Koval'chuk, Igor' Shhurov

1st Edition

620600032X, 978-6206000327

More Books

Students also viewed these Accounting questions

Question

★★★★★
Find Vo in the network infigure. 2 kl 2 V. Vo 24 v(+

Answered: 1 week ago

Question

★★★★★
In Exercises, use a graphing calculator to determine which expression (A)(F) on the right can be used to complete the identity. Then try to prove that identity algebraically. A. B. cos x C. tan x +...

Answered: 1 week ago

Question

★★★★★
Analyze your skills (capabilities) as a leader using one of the skills lists described in the chapter. What skills do you already possess? Which ones do you need to develop? How will you acquire...

Answered: 1 week ago

Question

★★★★★
Provincial Imports, Inc., has assembled past (2012) financial statements (income statement below and balance sheet on page 156) and financial projections for use in preparing financial plans for the...

Answered: 1 week ago

Question

★★★★★
During 2020, Blue Supplies Ltd.'s assets decreased $33,000, its liabilities decreased $41,000, its share capital increased $5,000, and Blue recorded net profit of $12,000. What was the amount of...

Answered: 1 week ago

Question

★★★★★
39-40 Assume a manufacturing company is deciding whether to accept or reject a special order opportunity. Which of the following statements is true? Multiple Choice The financial analysis should...

Answered: 1 week ago

Question

★★★★★
c). You want to write a simple model to understand some of the determinants of the likelihood of getting unemployed during an upcoming economic recession. Assume you have the following information...

Answered: 1 week ago

Question

★★★★★
In today's increasingly VUCA (Volatile, Uncertain, Complex and Ambiguous) world, it is important for firms to be able to quickly and accurately adapt to shifts in the marketplace or changes in...

Answered: 1 week ago

Question

★★★★★
Concept of Value Chain. The phrase "value chain" refers to all of the commercial activities and procedures that go into making a product or providing a service. A value chain can include all stages...

Answered: 1 week ago

Question

★★★★★
Calculate the following expressing all answers in lowest terms: 1. 777 = 2. 3 3-3 3. Find the first derivative: f(x) = 4x + 7 4. Find the first derivative: h(x) = 2 5. Find the first derivative: g(x)...

Answered: 1 week ago

Question

★★★★★
The average retirement age in America is 64 years old. Do small business owners retire at an older average age? The data below shows the results of a survey of small business owners who have recently...

Answered: 1 week ago

Question

★★★★★
evaluate and draft recruitment and selection policies and procedures

Answered: 1 week ago

Question

★★★★★
understand the role of human resource managers and line managers in the recruitment and selection process

Answered: 1 week ago

Question

★★★★★
2. Why are there so few female engineers compared to male engineers and what can the engineering sector do to encourage females to take up a career in engineering?

Answered: 1 week ago

Previous Question Next Question