Answer:
Dr Retained Earnings $5,200
Cr Common Dividends Payable $5,200.
Explanation:
Preparation of Hutter Corporation journal entry to record the dividend declaration
Since we are told that the Corporation declared a $0.50 per share cash dividend on its common shares in which they had 10,400 as the shares of common stock outstanding. This means the journal entry to record the dividend declaration will be :
Dr Retained Earnings $5,200
Cr Common Dividends Payable $5,200.
(0.50 per share cash dividend ×10,400 shares of common stock outstanding)
Hello there!
There is quite a HUGE difference between these both. When being frauded or making a fraud, this would also be known as stealing money.
But when making a mistake in a statement, they can be things resolved faster than if a person were to steal money. When making this mistake, you could resolve this by explaining why this was a mistake and also what could you do to fix it as well.
Both of these kind of acts are seriously two major different things, they have nothing in common.
Answer: $77250
Explanation:
Your question isn't complete. I saw a similar question so here is it.
On July 15, 2021, Ortiz & Co. signed a contract to provide EverFresh Bakery with an ingredient-weighing system for a price of $79,200. The system included finely tuned scales that fit into EverFresh's automated assembly line, Ortiz's proprietary software modified to allow the weighing system to function in EverFresh's automated system, and a one-year contract to calibrate the equipment and software on an as-needed basis. (Ortiz competes with other vendors who offer ongoing calibration contracts for Ortiz's systems.) If Ortiz was to provide these goods or services separately, it would charge $51,000 for the scales, $10,000 for the software, and $39,000 for the calibration contract. Ortiz delivered and installed the equipment and software on August 1, 2021, and the calibration service commenced on that date. Assume that the scales, software and calibration service are viewed as one performance obligation. How much revenue will Ortiz recognize in 2021 for this contract?
This will be calculated as:
Scales = $51000
Add: Software = $10,000
Add: Calibration service = $39000 × 5/12 = $16250
The total revenue that will be recognized will be:
= $51000 + $10000 + 16250
= $77250
She added 10 instead of five that is your answer