Answer:
Dividends debit = $7600
Dividends Payable credit $7600
Explanation:
given data
cash dividend = $0.40 per share
common stock = $3
shares authorized = 47,000
shares issued = 24,000
treasury stock = 5,000 shares
to find out
entry when the dividends are declared
solution
we get here first Dividends for debit that is express as
Dividends for debit = ( shares issued - treasury stock ) × cash dividend
Dividends for debit = ( 24000 - 5000 ) × 0.40
Dividends debit = $7600
and
Dividends Payable credit $7600
Answer:
Large most likely reports net cash outflows from investing activities of $9 million.
Explanation:
Large Corporation
Statement of cash flows (extract)
$ in millions
Purchase of patent ($14)
Proceeds from sale of land and buildings 24
Cash paid to acquire office equipment (19)
Net cash flows from investing activities ($9)
Note that the purchase of treasury stock belongs to financing activities section of the cash flows, while gain from sale of land and buildings and investment revenue belong to operating activities section of the cash flows
Answer:$2
Explanation:
A company normally is expected to value it's inventory at the lower of cost or net realisable value. The cost price is the price on purchase of the inventory while the net realisable value is selling price less cost of sales and cost to completion.
The amount of the lower cost of market adjustment the company must make, is the difference between the new selling price of $15 and net realisable value of $13 which is $2.
Generally, a small-business owner follows four steps to develop the pro forma income statement:
Establish a sales projection
Set up a production schedule
Calculate your other expenses
Determine your expected profit
After using your sales projection as a starting point, you calculate the cost of goods sold if you are selling a physical product.
I would also suggest looking at trade organizations and asking other small business owners to help forecast costs.
In the short run, the individual competitive firm's supply curve is that segment of the: "marginal cost curve lying above the average variable cost curve."
<h3>
What is the short run supply curve?</h3>
The short run supply curve of a business is the section of its marginal cost curve that is higher than its average variable cost curve.
According to the law of supply, when the market price rises, the company will supply more of its product.
A perfectly competitive business maximizes profit by generating the amount of production that equals the product's price and marginal cost.
Learn more about Short-Run Supply curve at;
brainly.com/question/15178628
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