The effect of the declaration of a cash dividend on a company's financial statements is to decrease both stockholders' equity and total assets.
<h3>What are cash dividends?</h3>
Dividends are cash payments made to the stockholders of a public company. Stockholders are individuals who purchase shares in a public company.
Dividends are paid with cash, thus, the assets of a company would decline. Since assets is positively related to stockholders equity, stock holder's equity would also decline.
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Answer: Wearing high status clothing
Explanation: In simple words, Non verbal communication refers to the act of making any remark or statement without using language. It could be done by using body posture, dressing sense or eye contact etc.
In the given case, James tried to persuade his clients by showing that he belongs to the high class of the society and maintains a high status. He did so by wearing the expensive clothes. Such persuation will result in perception that James is hardworking and trusted.
Hence from the above we can conclude that the correct option is B.
Well, you just need to find it using this formula :
5,000 x [100 % - (3% x 91/365)]
= 5,000 x [ 100 % - 0.007479]
= 5,000 x 99.992521
= $ 4,962.50 >>> rounded
Hope this help
Answer:
a.Susan is wrong, and Mary is free to disclaim warranties.
Explanation:
According to the Magnuson-Moss Act the seller of a product may or may not provide warranty on a product. But is warranty is provided the following conditions must be met.
- The seller must provide a full or limited warranty.
- The coverage of the warranty must be stated
- Warranty must be available to the customers, so that they can read it before making a purchase.
So Mary can choose to disclaim all warranties on her products, not making her liable for any defects found in them. But if she wants to provide warranty it must be written and follow the conditions stated above.
Answer:
B) False: since it is still a closely held C corporation, it cannot reduce its ordinary income through passive losses. If it hadn't been a closely held C corporation then it could have made the deductions.
Explanation:
Passive losses are losses resulting from financial activities, i.e. investments in other corporations where the investor doesn't participate in.
Passive losses cannot offset ordinary income, they must be matched against passive gains only. If passive losses exceed passive gains, they can be carried forward without limitation.
The only exception applies to C corporations that are not;
- closely held corporations or
- personal service corporations.
Qualifying C corporations can actually deduct passive losses from certain ordinary income.
Closely held C Corporations are corporations where during the last 6 months, 50% or more of its stock is owned by 5 or fewer investors.
