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sveticcg [70]
2 years ago
7

Hutter Corporation declared a $0.50 per share cash dividend on its common shares. The company has 27,000 shares authorized, 13,2

00 shares issued, and 10,800 shares of common stock outstanding. The journal entry to record the dividend declaration is:
Business
1 answer:
Ilia_Sergeevich [38]2 years ago
7 0

Dr Retained Earnings  $5400

Cr Common Dividends Payable $5400

is the journal entry.

<h3>What is outstanding share?</h3>

Share outstanding concerns to the company's current stock, which is occurred by the all of its shareholder. including fund managers' share blocks and restrictive investments made by the company's officials and personnel.

On a any company's balance sheet, Capital Stock is the main heading in which outstanding shares are listed.

Thus, the journal entry has passed above.

For more details about outstanding share, click here:

brainly.com/question/18568835

#SPJ1

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This information relates to Wildhorse Co..
noname [10]

Answer:

Wildhorse Co.’s books

Perpetual Inventory System

Date                  Account                                        Dr.              Cr

5 April                 Merchandise Inventory       $28,200

                              Accounts/ Notes Payable                                $28200

Purchased merchandise from Carla Vista Company for $28,200, terms 2/10, n/30.

6 April                 Freight Charges                  $ 710

                                Cash                                                   $ 710

Paid freight costs of $710

7 April                    Equipment                    $ 33200

                               Accounts Payable                              $ 33,200

Purchased equipment on account for $33,200.

8 April                 Accounts Payable             $3800

                                Merchandise Inventory                     $ 3800

Returned $3,800 of April 5 merchandise

15 April                  Accounts Payable               $ 24,400

                                 Purchases Discount                              488

                                 Cash                                                       $ 23,912

Paid the amount due ($28,200- $3800= $24,400)

2% of $ 24,400= $ 488

b. Payment of balance due on May 4 instead of Apr 5

4 May                Accounts Payable             $ 24,400

                                   Cash                                                  $ 24,400

4 0
3 years ago
Select the situation that will occur when a shortage of bread exists, and consumers pressure producers to change their actions.
love history [14]
The answer is : Producers respond by supplying more bread

When shortage of breads increases, the demand of the product will jump through the roof, which will also increase its price

To gain the maximum profit, the producers will respond by supplying more bread until the shortage is eliminated
7 0
3 years ago
An undercover police officer is using an informant in order to be introduced to a local drug dealer. Just prior to the operation
Rama09 [41]

Answer:

The correct answer is that: informants are difficult to control and the police can not trust in them always.

Explanation:

To begin with, if the police officer finds out that the informant went behind his back and purchase drug then the officer must understand that the informant is not trustful and moreover<u> he could mean a risk to the whole undercover operation</u> that the police officer is managing, therefore that the scenario is propounding that situations like that exemplify that informants can not be trusted due to the fact that they are ex convicted and that is why the officers have to be carefull when working with them.

8 0
3 years ago
Read 2 more answers
Suppose you find $20. if you choose to use the $20 to go to the football game, your opportunity cost of going to the game is:___
alukav5142 [94]

Suppose you find $20. if you choose to use the $20 to go to the football game, your opportunity cost of going to the game is <u>$20</u>.

The opportunity cost is time spent analyzing and that money to spend on something else. A farmer chooses to plant wheat; the opportunity fee is planting a specific crop or alternate use of the assets (land and farm machine).

Opportunity value is a financial term that refers back to the cost of what you need to give up so that it will choose something else. In a nutshell, it is a price of the road not taken.

Whilst economists talk to the “opportunity cost” of a useful resource, they imply the fee of the following-maximum-valued opportunity use of that aid. If, for an instance, you spend time and money going to a film, you cannot spend that point at domestic analyzing an ebook, and also you cannot spend the cash on something else.

Learn more about opportunity costs here: brainly.com/question/481029

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6 0
1 year ago
At least once a year, budgeted spending should be compared against ____ spending.
Savatey [412]

Actual spending. It is important to compare the budget, which is expected spending, to actual spending to make adjustments and catch potential problems or figure out what to do extra money.

7 0
3 years ago
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