1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
stepladder [879]
3 years ago
6

When previously declared cash dividends on common stock are paid which account would the corporation debit?

Business
1 answer:
garri49 [273]3 years ago
4 0

Answer:

C.

Explanation:

Financial Statements depicts the financial position of a firm at a particular point of time or specified date. The users of financial statements use various types of analysis to understand or compare the current financial statements of the company to prior years or with those of the competitors.

The journal entry on declaration of dividend would lead to a debit to retained earnings and credit to dividends payable.

No journal entry is passed on the date of recording dividend.

Later, on the date of payment of dividend would lead to a debit to dividends payable and credit to cash account.

The journal entries have been shown below:

You might be interested in
"An expenditure made in connection with a machine being used by a company to produce inventory should be expensed immediately if
Ipatiy [6.2K]

Answer:

True

Explanation:

Efficiency related expenditures are more closely with day-to-day servicing of the machine. Such an expenditure just maintains machine's capacity to save the future economic benefits rather than improve its capacity.

4 0
3 years ago
Shangrilah Sandals is a manufacturing firm in a developing country, where it routinely uses grease payments to local officials t
julia-pushkina [17]

Answer:

b. cultural relativism

Explanation:

Cultural relativism refers to the ideology that what applies to current situation do not necessarily apply to another situation also.

As in the given instance the Shangrilah Sandals make grease payments in their own country as it is a developing country, but do not practice the same in another country called US as it is a developed country.

As the income of people in that country is high they do not believe in taking or accepting grease payments.

Thus, the correct option is:

b. cultural relativism

4 0
3 years ago
In the film Islam and America: Through the eyes of Imran Khan, which of the following best describes how average Pakistanis resp
aleksley [76]

Answer: c. They criticized or disparaged the IMF.

Explanation:

In the 2001 film, <em>Islam and America: Through the eyes of Imran Khan</em>, it is shown that the average person in Pakistan know what the IMF is and detests them. They criticized and disparaged the IMF with some reasons given being that;

  • the IMF is a way for the Developed world to economically colonise Pakistan
  • the IMF is tool for the Americans to use and try to assert control
  • the IMF forces governments to raise utility prices to meet their conditions or pay back loans which makes poor people suffer the most.
5 0
2 years ago
Madison Company issued an interest-bearing note payable with a face amount of $30,000 and a stated interest rate of 8% to the Me
kondaur [170]

Answer:

zero

Explanation:

It will be Zero. Because its not an operating activity. It will come under Finance activity in the cash flow of Madison company .

5 0
3 years ago
A bond's ______ is generally $1,000 and represents the amount borrowed from the bond's first purchaser. A bond issuer is said to
blondinia [14]

Answer:

Maturity value; Default; Sinking fund provision; Call provision.

Explanation:

Maturity value is the sum payable to an investor toward the finish of a debt instrument's holding period (maturity date).

Sinking fund provisions means a provision in some bond indentures requiring the backer to set cash aside to reimburse bondholders at maturity.

A call provision is a provision on a bond or other fixed-pay instrument that enables the guarantor to repurchase and resign its bonds.

8 0
3 years ago
Other questions:
  • The text uses __________ as an example of a set of people with a history as a counterculture in the u.s.
    6·1 answer
  • Powell Company began the Year 3 accounting period with $40,000 cash, $86,000 inventory, $60,000 common stock, and $66,000 retain
    14·1 answer
  • DogMart Company records depreciation for equipment. Depreciation for the period ending December 31 is $2,840 for office equipmen
    7·1 answer
  • Imagine yourself as a business owner just before an economic event such as a recession or depression. What impact would
    8·1 answer
  • Goods lawfully bearing trademarks or using patents and copyrighted material but entering the American markets without authorizat
    9·1 answer
  • Hannah posts her résumé on the websites of several companies. Unfortunately, it is poorly formatted and contains several spellin
    6·1 answer
  • Before the year began, Milkway Manufacturing estimated that manufacturing overhead for the year would be $175,000 and that 25,00
    10·1 answer
  • Which of the following best describes nationalization? (as opposed to nationalism!) Group of answer choices outsourcing of gover
    6·1 answer
  • Willamette Manufacturing estimated that its total payroll for the coming year would be $650,000. The workers' compensation insur
    14·1 answer
  • 1 1.1.9 Quiz: How the Economy Affects Business and Marketing Question 2 of 10 During a depression or recession, which of the fol
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!