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
IgorLugansk [536]
3 years ago
9

Bruin Company reports current E&P of $200,000 in 20X3 and accumulated E&P at the beginning of the year of $100,000. Brui

n distributed $400,000 to its sole shareholder on January 1, 20X3. How much of the distribution is treated as a dividend in 20X3?
A. $400,000
B. $300,000
C. $200,000
D. $100,000
Business
1 answer:
Kipish [7]3 years ago
6 0

Answer:

B. $300,000

Explanation:

For computing the dividend, the computation is shown below:

= Current E&P + accumulated E&P at the beginning of the year

= $200,000 + $100,000

= $300,000

The dividend is $300,000 which is less than the distributed amount i.e $400,000 So, the distribution of dividend is only $300,000 ,not the $400,000 and the same is considered.

You might be interested in
A monopoly is a market that has--
Dovator [93]

The answer is D, A single supplier of a good or service.

3 0
3 years ago
Read 2 more answers
3.1. Explain which of the following approaches to strategy formulation is more likely to generate economic profits: (a) evaluati
Radda [10]

Answer:

Option B.

Explanation:

Employing internal based resources gives a better competitive edge to an organisation as those resources are already in place. This eliminates extra cost of getting new funding or resources as in option A.

5 0
4 years ago
Gwen is a doctor who is forming her own medical practice. She wants her practice to be flexible, simple to run, and free from re
algol [13]

Answer:

A limited liability company

Explanation:

A limited liability company has characteristics of corporations, partnerships, and sole proprietorships. Like a corporation, the owners have limited liability. Like a partnership and sole proprietorship, profits are taxed once through flow through taxation.

I hope my answer helps you

4 0
3 years ago
A company purchases shipments of machine components and uses this acceptance sampling plan: Randomly select and test 26 componen
Inessa [10]

Answer: 0.7973

Explanation:

Binomial probability formula :-

P(x)=^nC_x\ p^x(1-p)^{n-x}, where P(x) is the probability of getting success in x trials , p is the probability of success in one trial and n is the number of trials.

Given : The probability of getting a defect components : 0.06

If randomly select and test 26 components , then the probability that this whole shipment will be accepted will be :-

P(x

Hence, the  probability that this whole shipment will be accepted = 0.7973

7 0
3 years ago
Which account will appear in the sales ledger?
lara [203]

Answer:

A- Gill, a credit customer

Explanation:

A journal entry involves the process of keeping the records of business transactions made by an organization.

Journal entries are mainly used by bookkeepers and accountants. Ideally, it is important that a journal has all of following informations; date, reference number, debit balance, credit balance and transaction description.

A sales ledger can be defined as an accounting book that comprises of the individual account of each customer of a business firm and records the money received for goods or services purchased, whether the payment has been received or not.

Simply stated, a sales ledger sequentially records all sales that have taken place in a business, whether or not payment have been received.

This ultimately implies that, a sales ledger contains accounting information on all sales transaction made by a company including, money received for its goods and services and money owed by its customers.

Hence, the account which will appear in the sales ledger is that of Gill, a credit customer.

6 0
3 years ago
Other questions:
  • Operation X feeds into Operation Y. X has an effective capacity of 55 units per hour. Operation Y has effective capstracity of 5
    12·1 answer
  • Team members can collaborate on ideas using telepresence. <br> a. True <br> b. False
    5·1 answer
  • Which type of account typically has low liquidity?
    13·1 answer
  • True or false? an inventory only needs to be conducted for clinical supplies used for patient care in the medical office.
    8·1 answer
  • What does it mean to alter a landscape
    15·1 answer
  • On March​ 1, Year​ 1, LuxWear Inc. had beginning inventory and​ purchases, at​ cost, of​ $50,000 and​ $20,000, respectively. The
    14·1 answer
  • Explicit costs are payments the firm makes for outputs such as desks for its employees, whereas implicit costs are expenditure c
    8·1 answer
  • For each scenario, calculate the cross-price elasticity between the two goods and identify how the goods are related. Please use
    12·1 answer
  • Keating Co. is considering disposing of equipment with a cost of $63,000 and accumulated depreciation of $44,100. Keating Co. ca
    8·1 answer
  • How did you find the total expense?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!