Answer:
(C) Supplies 7000 Cash 7000
Explanation:
In this transaction, Willey consulting acquired $7,000 worth of supplies, which configures as a credit of $7,000 to the Supplies account. Meanwhile, the company has incurred a cash expense, which should reflect in a $7,000 debit to the Cash account.
Therefore, the answer is (C) Supplies 7000 Cash 7000.
Given its current stock price the dividend yield would be 42.39%.
Given,
Digby is paying a dividend of $19. 67 (per share)
Dividend were raised by $3. 64
Dividend yield = Dividend per share / Market price per share.
As there is no share price given, I shall assume that the share price is $100. The new share price will be:
= 100 * (1 + $3. 64)
= $464
The Dividend yield would then become:
= 19.67 / 464
= 42.39%
The dividend yield will be calculated on the basis of the dividend per share divided by the market price per share and this will be calculated on the basis of the percentage.
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Answer:
$4,350
Explanation:
Calculation to determine the amount of Riley's casualty loss deduction
Using this formula
Casualty loss deduction=Adjusted basis - insurance reimbursement
Let plug in the formula
Casualty loss deduction=($5,675 − $1,325)
Casualty loss deduction=$4,350
Therefore the amount of Riley's casualty loss deduction is $4,350
The Answer is (A) trust me I got 100% on my test.
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