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Mashcka [7]
3 years ago
12

Select the correct answer.

Business
2 answers:
natulia [17]3 years ago
8 0
E
9 + 6 =15
k0ka [10]3 years ago
8 0
Mixed economy is the answer
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The effect of the declaration of a cash dividend on a company's financial statements is to:_______
likoan [24]

The effect of the declaration of a cash dividend on a company's financial statements is to decrease both stockholders' equity and total assets.

<h3>What are cash dividends?</h3>

Dividends are cash payments made to the stockholders of a public company. Stockholders are individuals who purchase shares in a public company.

Dividends are paid with cash, thus, the assets of a company would decline. Since assets is positively related to stockholders equity, stock holder's equity would also decline.

To learn more about dividends, please check: brainly.com/question/13672624

#SPJ1

5 0
2 years ago
What is indigenous bookkeeping
Mumz [18]
<span>a casual operation where few records are kept of income, expenses, stock and other items. </span>
6 0
3 years ago
Presented below are two independent situations: A) Sandhill Inc. acquired 10% of the 420,000 shares of common stock of Schuberge
Vilka [71]

Answer:

The journal entries for both corporations is prepared below

A)

Date: June 17

Accounts title and Explanations: Stock investment, dr. (420,000*$15*10%) 630,000

Accounts title and Explanations: Cash, Cr. 630,000

____________________________

Date: Sept 3.

Accounts title and Explanations: Cash, dr. (120,000*10%) 12,000

Accounts title and Explanations: Dividend revenue, Cr. 12,000

______________________________

Date: Dec 31.

Accounts title and Explanations: Stock investments, dr. (520,000*10%) 52,000

Accounts title and Explanations: Investment revenue, Cr. 52,000

____________________________

B)

Date: Jan 1

Accounts title and Explanations: Stock investment, dr. (120,000*$18*30%) 648,000

Accounts title and Explanations: Cash, Cr. 648,000

____________________________

Date: May 15

Accounts title and Explanations: Cash, dr. (120,000*30%) 36,000

Accounts title and Explanations: Dividend revenue, Cr. 36,000

______________________________

Date: Dec 31.

Accounts title and Explanations: Stock investments, dr. (220,000*30%) 66,000

Accounts title and Explanations: Investment revenue, Cr. 66,000

____________________________

7 0
3 years ago
On June 1, 2018, Blue Co. distributed to its common stockholders 180,000 outstanding common shares of its investment in Red, Inc
faltersainse [42]

Answer:

Blue Co. Shall report $396,000 as gain before income taxes on disposal of the stock.

Explanation:

Book value per share of Red Inc = $1.20 per share

As the value of share is revised just after the declaration but before distribution there will be gain on sale of investment.

Net gain = Sale price - Book value

= $3.40 - $1.20 per share = $2.2 per share

Total gain for the year end on June 30 will be

= $2.2 per share X 180,000 shares = $396,000 shares

Thus Blue Co. Shall report $396,000 as gain before income taxes on disposal of the stock.

8 0
3 years ago
Richard Miller is saving for an Australian vacation in three years. He estimates that he will need $4,930 to cover his airfare a
Bond [772]

Answer:

$1476.71

Explanation:

Formula = pmt(((1+r)^n)-1)/I

I = nominal interest rate

Pmt = dollar amount

r = interest rate

N = number of period

4930 = pmt(((1 +0.109)^3)-1)/0.109

4930 = pmt(1.109^3)-1/0.109

4930 = pmt(1.3639-1)/0.109

4930 = pmt(0.3638/0.109)

4930 = pmt3.3385

Pmt = 4930/3 3385

= $1476.71

Richard miller would have to save $1476.71

5 0
3 years ago
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