Answer:
$1.50
Explanation:
Calculation for How much per share is left for you after all taxes are paid
Using this formula
Amount per share left= Amount per share-(Amount per share× marginal tax rate
Let plug in the formula
Amount per share left=$2.31-($2.31×35%)
Amount per share left=$2.31-0.8085
Amount per share left=$1.50
Therefore How much per share is left for you after all taxes are paid will be $1.50
Answer:
The net journal entry impact on company's retained earnings is $1400,000 credit.
Explanation:
When the dividends were declared on December 15,the following entries apply:
Dr Dividends $1600000
Cr Dividends payable $1600000
However,upon closing the dividends to retained earnings the below journal entries apply:
Dr Retained earnings $1600000
Cr Dividends $1600000
It is noteworthy that the stock-split does not impact the dividends or retained earnings of $3m in anyway.
Since,journal entries for temporary accounts are closed to retained earnings,invariably the net income of $3m in year 2 must also be shown in retained earnings using journal.
Dr Income statement $3000000
Cr Retained earnings $3000000
From the above,a debit of $1600000 and credit entry of $3000000 in retained earnings gives a credit balance of $1400000
Answer: $170,000
Explanation:
According to the historical cost concept, the original cost value of a asset (i.e. land) should be recorded in the books. The original cost refers to the cost of a asset at the time of purchasing. As per the principle of historical cost, assets are always recorded as a original cost or historical cost or acquisition cost.
But when a person sold the asset then he will consider the fair market value.
Answer: The value customer relationship over short term profits.
Explanation:
The home repairs men and building supply businesses place a high value on their relationship with customers and therefore try to support them in their period of challenge even if it comes at a cost of losing out on making a higher profit.
Should be 21 days but that is not all the time!