Answer: a. Debit Retained Earnings $6.600: credit Common Dividends Payable $6.600
Explanation:
The Dividends to be paid are;
= dividend * common stock outstanding
= 0.5 * 13,200
= $6,600
When dividends are simply declared, the Retained earnings will be debited by the dividend amount because dividends come from Retained earnings.
The dividends will be credited to a liability account to show that the company owes its shareholders some dividends. The liability account is called the Common Dividends Payable account.
Answer:
The answer is monetary policy
Explanation:
Monetary policy is an economic policy that manages the size and growth rate of the money supply in an economy. It is a powerful tool to regulate macroeconomic variables such as inflation, consumption, growth and liquidity.
Answer:
<h3>B. provide financial services to customers at no cost.</h3>
Explanation:
i hope it helps :)
Answer: $0
Explanation:
In the United States tax law, there exists 2 principal types of IRAs. They include: the traditional IRA and the Roth IRA.
Annual contributions are deductible when made to a traditional IRA, and in which case tax is paid on the retirement distributions.
But annual contributions made to a Roth IRA aren't deductible, and in which case taxes are not paid on retirement distributions.
Martha’s maximum deductible IRA contribution is $0 because taxes are not paid in the current year on earnings in both types of IRAs.