Photosynthesis and respiration
A system demo should occur After every iteration .
<h3>When should a system demo occur?</h3>
A system demo shows the new features that the system has, as a result of the iteration that it was just put through. This is very helpful in knowing the features that you can use to make the system perform in such a way that your work will be done well.
It is therefore best that a system demo is done after every iteration has been done. This ensures that the system's features will be seen and used effectively.
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Answer:
Explanation:
The retained earning are the earnings of the business organization which is earned until the date.
The net income or net loss would reflect in the statement of the retained earning account.
The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid
The journal entry is shown below:
Retained earnings A/c Dr $3,000
To Dividend A/c $3,000
(Being dividend account is closed)
The correct option is Option A - using credit to pay for purchases.
Answer: $15,060
Explanation:
From the question, we are informed that Ben and Jerry were shareholders of Water Ice Inc., an S corp. On Jan. 1, 1998, Ben owned 40 shares and Jerry owned 60 shares.
We are further told that Ben sold his shares to Joe for $10,000 on March 31, 1998 and that the corp. reported a $50,000 loss at the end of 1998. The loss that will be allocated to Joe will be:
= $50,000 × 40% × 9/12
= $50,000 × 0.4 × 0.75
= $15,000
The closest figure we have close to that is $15,060 which is option B
