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:
there will be 187, 500, 000 firms in the industry.
Explanation:
just multiply 2.50 with 75, 000,000 and get the answer.
Answer:
Take your gross sales revenue for the accounting period and subtract discounts, allowances and returns. This gives you net sales. Subtract the cost of goods sold from net sales and you get gross profit. In some cases, this might be a gross loss
Answer:
Depreciation expense-Year 2 = $8840
Explanation:
It is important to note that the depreciation is based on the units-of-production method and in case of the truck, we take 100000 miles as its useful life or total units of production.
The depreciable value of the truck is Cost - salvage value,
Depreciable Value = 33000 - 7000 = 26000
The depreciation for year 2 based on units-of-production is,
Depreciation expense for year 2 = 26000 * 34000/100000 = $8840
Answer:
1. higher in Country A
Explanation:
Given: Gross domestic product (GDP)= $440 billion.
Country A has 100 million people.
Country B has 175 million people.
Real Gross Domestic Product (GDP): It is defined as the entire output produced annually that includes factors such as inflation and is adjusted for price changes.
Per capita real Gross Domestic Product (GDP): It gives the annual salary for the country and shows the quality of living.
Now calculating per capita real Gross Domestic Product (GDP) for both the countries.
Formula; Per capita GDP= 
<u>Country A</u>
⇒ Per capita GDP= 
We know one billion= 1000 million.
⇒ Per capita GDP= 
∴ Per capita GDP= 
<u>Country B</u>
⇒ Per capita GDP= 
∴ Per capita GDP= 
Hence, comparing both Per capita GDP of country A and B will get Country A have higher per capita GDP.
