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Reika [66]
3 years ago
10

Forest Beach Company experienced an event that had the following effects on its financial statements.

Business
1 answer:
il63 [147K]3 years ago
7 0

Answer:

(C) Collected cash for the principal balance of a note receivable

Explanation:

This is so because paying off principal balance of a note payable will definitely reduce cash asset and ultimately lead to liabilities of note payable. The cash outflow from the payoff of the note payable would be classified as a financing activity, and this way the the income statement is not affected.

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Answer: Thursday December 18

Explanation:

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In this case, we are told that the corporation declares a cash dividend on Friday, December 5th, which was payable to the holders of record on Friday, December 19th.

Since the record date is the question is Friday, December 19th, then the ex date for the regular way trades will be set at Thursday December 18 which is a day before the 19th.

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3 years ago
Click this link to view O*NET’s Skills section for Petroleum Engineers. Note that common skills are listed toward the top, and l
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Answer:

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2 years ago
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Briefly explain 3 arguments for and 3 against a national minimum wage.​
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FOR:

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Against

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