Answer:
Decrease (debit) in equity, Cash Dividends Payable (credit, liability account)
Explanation:
The journal entry to record the declaration of the cash dividends involves a decrease (debit) to Retained Earnings (a stockholders' equity account) and an increase (credit) to Cash Dividends Payable (a liability account).
(opentextbc.ca)
 
        
             
        
        
        
<span>True. Vertical space can be used for more storage space, however in most storage units only fifty percent of the total storage is not utilized. Using vertical space will increase the storage space</span>
        
                    
             
        
        
        
Answer:
Account name                         statement(1)                     type of account(2)
Accounts payable                      BS                                        CL
Accounts receivable                  BS                                          CA
Accruals                                     IS and BS                             income and SE         
Accumulated amortization        BS                                       FA
administrative expenses            IS                                      E
Buildings                                       BS                                   FA
Cash                                              BS                                  CA
Common shares                           BS                                    SE
Cost of goods sold                     IS                                       E                         
Amortization                                 BS                                     E
Equipment                                       BS                                 F ASSET
General expenses                           IS                                     E
Intrest expenses                                IS                                     E
Account name                        Statement(1)                 type of account(2)
Inventories                                   BS                                   CA
Land                                             BS                                    FA
long term debts                          BS                                    CL
Machinery                                  BS                                       FA
marketable securities               BS                                      CA
Line of credit                              BS                                             LTD
operating expense                    IS                                           E
Preferred shares                     BS                                      SE
preferred share dividends      BS                                     SE
retained earnings                    BS                                      R
Sales revenue                         IS                                            R
Selling expense                    IS                                                E
Taxes                                         IS                                             E
Vehicle                                     BS                                             FA
  
 
        
             
        
        
        
Answer:
If C were disabled, his beneficiaries would receive $70,000, less any outstanding interest charges
Explanation:
Policy loans can generally amount up to 100% of the cash surrender value of the policy, in this case C only requested $10,000 (1/3 of the cash value). This type of loan is fully collateralized by the cash value of the policy and the borrower can even miss some payments or pay on a later date because interests keep adding. 
This type of loan can carry a fixed or variable interest rate, depends on the insurer. 
If C surrenders his policy, he will receive the total cash surrender value minus the loan amount = $30,000 - $10,000 = $20,000 
If C dies, his beneficiaries would receive the full benefits minus the loan amount = $100,000 - $10,000 = $90,000
 
        
             
        
        
        
Answer:
To Investment i.e available for sale $18,000
To Gain on sale of an investment $2,000
Explanation:
The journal entry for the sale of the bond is shown below:
Cash Dr       $20,000
          To Investment i.e available for sale $18,000
          To Gain on sale of an investment $2,000
(Being the sale of the bond is recorded)
For recording this we debited the cash as it increased the assets and credited the investment and gain on sale of investment so that the proper posting could be done