1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
aliina [53]
2 years ago
9

On March 15, Summit Hawk declares a quarterly cash dividend of $0.085 per share payable on April 13 to all stockholders of recor

d on March 30. Required: Record Summit Hawk's declaration and payment of cash dividends for its 218 million shares.
Business
1 answer:
Sedaia [141]2 years ago
6 0

The journal entries to  Summit Hawk's declaration and payment of cash dividends is: Debit Dividend  $18,530,000; Credit  Dividend payable   $18,530,000

<h3>Journal entries</h3>

March 15

Debit Dividend  $18,530,000

(218,000,000 shares × $0.085)

Credit  Dividend payable   $18,530,000

(To record cash dividend declaration)  

March 30

No entry

April 13

Debit Dividend payable     $18,530,000

(218,000,000 shares × $0.085)

Credit  Cash     $18,530,000

(To record payment of cash dividend)


Therefore the journal entries to  Summit Hawk's declaration and payment of cash dividends is: Debit Dividend  $18,530,000; Credit  Dividend payable   $18,530,000.

Learn more about journal entries here:brainly.com/question/14017973

#SPJ1

You might be interested in
Germany is capital abundant country and Japan is labor abundant country. If computers are produced mostly by capital and beer is
wel

Answer:

If computers are produced mostly by capital and beer is produced mostly by labor, the H-O model predicts that

Germany will export computers in exchange for beer.

Explanation:

The H-O model or Heckscher-Ohlin theory is an economic model about the comparative advantages of nations in international trade.  The model tries to explain the equilibrium of trade existing between two countries that have varying specialties and natural resources.  According to the H-O model, countries export more goods and services for which they have plenty resources than they do for goods and services for which they have scarce resources.  For example, if a country has capital in abundance, it will export more of capital-intensive products while it will import labor-intensive products, because it has scarce labor resources.

6 0
2 years ago
Identify What prevented the economy from slipping
iVinArrow [24]
The correct answer is letter B
5 0
3 years ago
Stretch goals expect group members to _____.
rewona [7]

Answer:

The answer is work outside their own comfort group as they attempt to understand others’ perspectives.

Explanation:

Stretch goals tend to be a form of job enrichment, where individuals are challenged to perform better than their most recent performance achievement. In the context of group assignment, individuals are challenged to try things outside of their comfort zone. Stretch goals aren’t related to actual physical exercise, thus making answer (B) wrong, and automatically disqualifying answer (D). Nor does it require members to (A) take a break in order to avoid topic-fatigue.  

4 0
3 years ago
Jahwana works for a large corporation with a 401(k) retirement plan. The company matches dollar for dollar the first 5% of the e
Gre4nikov [31]

Answer:

$8,000

Explanation:

Jahwana earns $40,000:

her 401k contributions = 15% x $40,000 = $6,000

Jahwana's employer contributes $1 per $1 that she contributes but only up to 5%, so her employee's 401k contribution = 5% x $40,000 = $2,000

total annual contribution = $6,000 + $2,000 = $8,000

7 0
3 years ago
Read 2 more answers
Audits of financial statements are designed to obtain reasonable assurance of detecting misstatement due to?
alisha [4.7K]

Answer:

Errors, fraud, and noncompliance with laws with a direct effect on financial statement amounts.

<h3>How does the auditor obtain reasonable assurance?</h3>
  • In order to obtain reasonable assurance, the auditor shall obtain sufficient appropriate audit evidence to be able to draw reasonable conclusions on which to base the audit opinion.
  • Reasonable assurance is obtained when the auditor has thereby reduced audit risk to an acceptably low level.

To learn more about it, refer

to brainly.com/question/24553900

#SPJ4

5 0
1 year ago
Other questions:
  • Increasingly commonplace today is the appearance of two different franchise chains under the same roof, such as Pizza-Hut and Ta
    15·1 answer
  • Using the legend provided, classify each of the following statements: Legend A = Tax avoidance E = Tax evasion N = Neither
    8·1 answer
  • Suppose you buy clothes at Mimi's Clothing Shop. Your spending is Mimi's _____.
    5·1 answer
  • How should the acquisition of MPIS be financed, taking into account the issues of control, flexibility, income and risk? Cash fl
    5·1 answer
  • Brittany Callihan sold stock (basis of $184,000) to her son, Ridge, for $160,000, the fair market value. a. What are the tax con
    13·1 answer
  • Using advances in technology to maintain databases of customer information is more important for firms involved in mass marketin
    12·1 answer
  • Consider a process consisting of three resources. Assume there exists unlimited demand for the product, and that all activities
    14·1 answer
  • All of the following programs enable young people to serve their country and the world EXCEPT...
    8·1 answer
  • What is job description​
    9·1 answer
  • Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $199,200 of raw materials on credit
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!