Where are the answers? Don't have much to work with...
Sales tax. i just had this question yesterday haha
Answer:
The amount of cash for the payment of dividends during the year is B. $40,000
Explanation:
To Determine the amount of cash for the payment of dividends during the year, we open a Dividends Payable T - Account and find the amount via <em>missing figure approach</em> as follows:
Debits :
Cash (<em>Balancing figure</em>) $40,000
Ending of year Dividends Payable $15,000
Totals $55,000
Credits :
Beginning of year Dividends Payable $10,000
Dividends declared during the year $45,000
Totals $55,000
Answer:
c.
Explanation:
It is a very prestigious project for the company which involved suppliers and manufactures from many countries to work for the project. Though the project started with the aim of low budget, it went high by the end because of this outsourcing and large number of people working on the project.