Answer:
Follows are the solution to the given question:
Explanation:
Please find the complete question in the attachment file.
Market capitalization at 30 June:
Dividends payable on 10 July:
Actions omitted by 31 December:
X Stock Dividends 1.2
Dividend payments payable on 31 December:
Total value is given:
Your answer is
Illness caused by food contaminated with bacteria, viruses, parasites, or toxins.
The client should be told that the potential buyer is prepared to pay $25,000 more than the asking price. This is further explained below.
<h3>What is a real estate broker?</h3>
Generally, Real estate brokers are real estate agents who successfully complete additional schooling requirements and get a state real estate broker license.
In conclusion, Informing the customer that a buyer is willing to pay $25,000 more than the asking price is appropriate.
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An entrepreneur is a person who combines the other factors of production - land, labor, and capital - to earn a profit.
Answer:
A) Debit retained earnings and credit inventory for $2 million
Explanation:
Since Robinson's inventory was overstated by $2 million (= $22 million - $20 million) because of the previous inventory method (FIFO), when the new method, average cost, starts to be used the inventory must decrease by $2 million and retained earnings as well.
Retained earnings is an equity account and it decreases, therefore it should be debited.
Inventory is an asset account and it decreases, therefore it should be credited.