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finlep [7]
3 years ago
14

A company declared a cash dividend of $8,560 on december 5, 2015. the company made a cash dividend payment on january 8, 2016. w

hat is the cumulative effect of the declaration and payment of the cash dividend on the company's financial statements?​
Business
1 answer:
vodka [1.7K]3 years ago
3 0
Provided that the company is using a calendar year in preparing their financial statements, the financial statements would be prepared at year end. Upon the declaration of the cash dividend, the company would be recognizing a liability. This would be considered as a non-adjusting event since it can be clearly concluded that the payment happened after the reporting period<span>. This would not affect the financial statements of the year 2015.</span>
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Thus from the above we can conclude that the correct option is statement 2.

8 0
3 years ago
On December 31, 2017, Swan Company sold for $150,000 an old machine having an original cost of $170,000 and a book value of $120
gregori [183]

Answer:

the amount of the notes receivable net of the unamortized discount is $105,546

Explanation:

The computation of the amount of the notes receivable net of the unamortized discount is shown below:

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4 0
3 years ago
Which of the following considerations can sometimes override consequences when comparing and weighing alternatives for ethical d
adelina 88 [10]

Answer:

The correct answer is B

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For example, how an employee weighs and compares the alternatives for the ethical decision making might ground or depend on the duties or responsibilities linked with the position of the employee in the company.

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3 years ago
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CaHeK987 [17]

Answer:it helps people business I guess

Explanation:

6 0
4 years ago
Which type of agreement assures that a broker will receive compensation regardless of who procures the buyer?a. Net listingb. Ex
tatyana61 [14]

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An authoritative understanding under which the posting merchant goes about as the operator or as the lawfully perceived non-organization illustrative of the seller(s), and the seller(s) consents to pay a commission to the posting dealer, whether or not the property is sold through the endeavors of the posting intermediary, the seller(s), or any other individual; and an authoritative understanding under which the posting specialist goes about as the operator or as the legitimately perceived non-office illustrative of the seller(s), and the seller(s) consents to pay a commission to the posting agent whether or not the property is sold through the endeavors of the posting representative, the seller(s), or any other person, then again, actually the seller(s) may name at least one person  or elements as exclusions in the posting understanding and if the property is offered to any absolved individual or element, the seller(s) isn't committed to pay a commission to the posting specialist

7 0
3 years ago
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