Answer:
b. $55,000
Explanation:
The movement in the dividend payable account which represents the difference between the payable opening an closing balances. This difference is due to dividend paid during the year as well as dividend declared and can be shown by the equation below.
Opening balance + Declared dividend - dividend paid = closing dividend
$20,000 + $60,000 -dividend paid = $25,000
Dividend paid = $20,000 + $60,000 - $25,000
= $55,000
Answer:
The correct answer is False.
Explanation:
Foreign direct investment, in socialization is the placement of long-term capital in some part of the world, for the creation of agricultural, industrial and service companies, with the purpose of internationalizing.
There are several reasons for a company to decide to invest in another country. Almost all the arguments that have been offered for the existence of FDI can be grouped under three basic objectives: the attempt to participate in new markets, increase production efficiency through cost reductions and the attempt to exploit certain strategic assets. Next we will explain in more detail each of these three objectives.
'Actual Tigers Company'
Total Assets
$100,000
Stockholder Equity: $30,000
$100,000 - $30,000 = $70,000
$70,000 + $30,000 = $100,000
Total Assets - Equity = $70,000 (total liabilities)
$70,000 + Equity = $100,000 (total assets)
In accounting if we minus the total assets ($100,000) with equity ($30,000) it will always give the "total liabilities" which is (70,000)
Then, adding the "total liabilities" ($70,000) with the equity ($30,000) equals $100,000 equal like as the "total assets"of $100,000
The total assets MUST match the total liabilities. If they don't match then either the calculation of the total assets are inaccurate or the numbers are estimated wrong to recalculate.
Answer
The answer and procedures of the exercise are attached in image.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Answer:
The boss is correct.
Explanation:
Under Sarbanes-Oxley Act, a rules-based approach to corporate governance and reporting is used. It is based on the view that companies must be
required by law (or by some other form of compulsory regulation) to comply with established principles of good corporate governance.
Except in the instances of exceptions provided in the act, company has no choice than to comply regardless of the cost implication because non-compliance is punishable under the act. Sometimes, it is called tick box approach
This is contrary to what is obtainable in a principled-based approach where allowance is given for explanation in the event of possible con-compliance.
