Answer:
The dividends on common stock in 2014 for Mays, Inc was:
Dividends paid=$2650
Explanation:
1. You must follow the formula below to find out the Dividends Paid by Mays inc,
Payout ratio = (dividends paid/net earnings for the period) x 100 then,
Dividends paid= (Payout Ratio/100) x net earnings for the period
Dividends paid= (25%/100)x$
1'060.000
Dividends paid=$2650
Answer:
Journal Entry
Explanation:
The Journal Entry is shown below:-
Cash Dr, (1,600 shares × $13 per share) $
20,800
To Common Stock (1,600 shares × $ 0.01 par) $16
To Additional Paid in Capital in excess of par-Common Stock $20,784
(Being Issuance of common stock is recorded)
Therefore for recording the issuance of common stock we debited cash and credited common stock and additional Paid in Capital in excess of par common stock
The answer is c.
Explanation: MMS (multimedia messaging service) allows you to communicate photographs, videos, and other media as well as longer words via SMS.
Answer:
The answer is B.
Explanation:
Taxes are compulsory payment levied by a government of a country. It is not voluntary.
We have direct and indirect tax.
Direct taxes are those taxes that are imposed on individual and company. A company is charged at a rate after its profit is known. An individual earning salary is charged before the salary is collected.
Indirect taxed are those levied on goods and services. These types of taxed are pass on to the consumers in form of price of goods.
Tax is mandatory for everyone. Its a revenue for government
The answer is national banks chartered by the Office of the Comptroller of the Currency
