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notka56 [123]
3 years ago
14

Hutter corporation declared a $0.50 per share cash dividend on its common shares. the company has 37,000 shares authorized, 19,2

00 shares issued, and 14,800 shares of common stock outstanding. the journal entry to record the dividend declaration is:
Business
1 answer:
Maurinko [17]3 years ago
5 0
The corporation is required to record entry for cash dividend declaration.  Only the common stock outstanding or the 14,800 shares are entitled to receive dividends.  Thus, the journal entry to record the dividend declaration is as follows:
Debit: Retained Earnings $7,400.00
Credit: Dividends Payable $7,400.00
<em>To record cash dividend declaration</em>
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Which of the factors of industrialization does Baines cite in the reading? Check all that apply water power to run machines rive
Daniel [21]

Answer: • Water power to run machines

• rivers for transportation of goods

• natural resources for production

Explanation:

Industrialization is when am economy moves from the agricultural sector to the industrial sector.

The factors of industrialization does Baines cite in the reading include:

• Water power to run machines

• rivers for transportation of goods

• natural resources for production

8 0
2 years ago
Net cash flow from a transaction equals the difference between cash received and cash disbursed in the transaction.
Ipatiy [6.2K]

Answer:

True

Explanation:

Imagine you're selling lemonade. It costs you $2 for a lemon, and you can make 5 glasses from it.

You sell each glass for $1.

At the end of the day, your profit per lemon = the total value of lemonade sold - the total cost of lemons. If you only sell 1 lemon worth of lemonade, it will be $5-$2 = $3 profit.

Net cash flow means the same as "profit".

6 0
3 years ago
The following information is available for Kinsner Corporation: Total fixed costs $313,500 Variable costs per unit $99 Selling p
Zanzabum

Answer:

The number of units that must be sold is A. 6,540 units

Explanation:

The number of units must be sold to meet the target profit figure are calculated by using following formula:

The number of units must be sold = (Total fixed cost + Targeted profit) / Contribution margin per unit.

Contribution margin per unit = Sales price per unit – Variable cost per unit = $154 - $99 = $55

The number of units must be sold = ($313,500 + $46,200)/$55 = 6,540 units

7 0
3 years ago
The following merchandise transactions occurred during December for two different companies: Rippen
kondaur [170]

The accounting entries for Rippen Corporation is recorded as follows:

December 3,

DR Accounts Receivable (Burnen Corp.) $480,000

CR Sales $480,000

DR Cost of Goods Sold $320,000
CR Inventory $320,000

December 8,

DR Sales Return $30,000

CR Accounts Receivable $30,000

DR Inventory $20,000

CR Cost of Goods Sold $20,000

December 12,

DR Cash $441,000

DR Credit Discount $9,000

CR Accounts Receivable $450,000

<h3>What is Journal Entry?</h3>

A journal entry is recorded for the transactions of a company in the relevant period, the entry that is recorded is also known as the double entry. These journal entries are then used to prepare T-Accounts, an then trial balance is made and ultimately income statement and balance sheet are made.

The transaction includes a discount of 2% as credit discount for the payment being made within 10 days.

Learn more about Journal Entries at brainly.com/question/27076717

#SPJ1

5 0
1 year ago
In gathering audit evidence, the accessibility of information may be a factor thereby influencing which judgment trigger
bazaltina [42]
The answer is availability
8 0
2 years ago
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