The entry needed to close the dividend account is "Debit: Retained earnings $35,000 and credit: dividend expense $35,000" based on the journal transaction. The dividend is a portion of a company's earnings which be shared by the company to the investor as the return for their investment. This entry will decrease the retained earning balance.
Answer:
Home Parties is paying an annual dividend of $1.78 every other year. The last dividend was paid last year. The firm will continue this policy until two more dividend payments have been paid. Three years after the last normal dividend payment, the company plans to pay a final liquidating dividend of $32 per share. What is the current market value of this stock if the required return is 14.7 percent?
The current market value of this stock = $16.78.
Explanation:
Current market value of this stock = $1.78/1.147 + $1.78/1 .147∧3+ $32/1.147∧6
Current market value of this stock= 1.55187 + 1.78/1.509 + 132/2.27709
Current market value of this stock= 1.55187 + 1.17959 + 14.053
The current market value of this stock = $16.78.
The method that the interest groups need to use to help shape public policy is by enacting regulations to enforce their goals.
<h3>What does enacting laws implies?</h3>
To enact a regulation means that a person or a group set up a legal and authoritative act or they made their goals into law.
Therefore, The method that the interest groups need to use to help shape public policy is by enacting regulations to enforce their goals.
Learn more about interest groups from
brainly.com/question/14363531
#SPJ1
Answer:
Alberich Jewelers
The gross profit that Alberich should report is 760.
Explanation:
a) Data and Calculations:
Cost of gold ring purchased first = $640
Cost of gold ring purchased next = $720
Cost of gold ring purchased recently = $750
Sale of one gold ring = $1,400
Using the FIFO method of inventory, the gross profit for the gold ring sold is based on the first gold ring purchased, as follows:
= Sales Revenue - FIFO cost of inventory
= $1,400 - $640
= $760
I would say that the work that Benji conducted on the books of the Sanborn Corporation would be classified as a financial audit because she checked their figures, examined their accounting procedures and prepared a report so this would qualify as an audit.
