Set savings and debt payoff goals
Corporate dividends are always paid in cash is not true among the given statements.
<u>Explanation:</u>
Corporates dividends are not always paid in cash sometimes they are paid in merchandise or as other assets. Dividends are earnings which corporations distribute to its stockholders and they are charge against the profit which the corporation generated over the specified period.
They are charged on the stock which is owned by all the shareholders/stockholders or other investors. The period which dividends are paid differs from one corporation to another. Some companies pay annually while others opt for quarterly payments or pay after 3 months.
Answer:
A. Escape Learning
B. Avoidance Learning
Explanation:
A. You are escaping the annoying sound once you hear it.
B. You are avoiding the sound altogether by buckling before starting the car.
Answer:
a debit balance of $1,300
Explanation:
Generally in the income statement, a net profit is the excess of income over expenses during a given period and this will give a credit balance in the income statement, but this will be a debit balance in Income Summary to close the account.
On the other hand, a net loss is the excess of expenses over income during a given period and this will give a debit balance in the income statement, but this will be a credit balance in Income Summary to close the account.
Since Camera Obscura Enterprises made a net profit of $1,300 in the month of June, the balance in Income Summary will therefore be a debit balance of $1,300.
Answer:
The correct answer is $339,480.
Explanation:
According to the scenario, the computation of the given data are as follows:
We can calculate the PBO at Dec.31 by using following formula:
PBO Dec.31 = PBO on Jan 1,2021 + Service cost + Interest - pension benefits paid
Where, Interest = 11 % × $268,000 = $29,480
By putting the value we get
PBO, Dec.31 = $268,000 + $85,000 + $29,480 - $43,000
= $339,480
