Answer:
Explanation:
The adjusting journal entry is shown below:
Interest receivable A/c Dr $200
To Interest revenue A/c $200
(Being the interest earned is recorded)
Since the interest would not be received but it is earned so we debited the interest receivable account and credited the interest revenue account.
The other accounts which are given in the brackets are wrong.
The answer is D. Operating, investing, and financing
Answer:
False
Explanation:
Green's distribution of $50,000 in to its sole shareholder at the end of the year should be treated as a dividend because Green's total earnings and profits for the year were $100,000.
A distribution from a corporation to a shareholder can only be treated as a dividend when the corporation made a profit during the current year, or has positive accumulated earnings and profits.
Answer:
Introduction Stage
During the Introduction Stage of the product life cycle, the basic goal of promotion is to inform the target audience that a product is available.
Explanation:
The introduction stage is the first stage in the product life cycle where a company tries to build awareness about the product or service
Answer:
Sam's producer surplus is $3
Explanation:
A producer surplus is the difference between the amount a producer is willing to sell a product for and the price of the product in the market that consumers are willing to pay if the consumer price is higher.
Mathematically, it is represented as; market price - willing price
= 18 - 15 = $3.
