Answer:
The correct answer to the following question is that the Syrio's snowboards should debit the cost of goods sold account and credit the inventory account by $5000.
Explanation:
It is given that in the books , the inventory amounts to $24,000 but physically on $19,000 of inventory is present. Which means there is shortage in the inventory , that means the company would have to decrease the amount of inventory in the books. For that they will debit the cost of goods sold account and credit the inventory account by $5000 ( $24,000 - $19,000 ).
Answer:
deduction
Explanation:
The moving expense deduction was almost eliminated by the last tax reform, Tax Cuts and Jobs Act of 2017, at least until 2026. Currently only active members of the military and their families can claim a moving expense deduction or any type of reimbursement related to moving expenses.
<span>Americans own about four digital devices, and the Americans spend about 60 hours per week consuming content across devices. Some digital devices are computers, HDTV's, and smart phones. Using digital devices has also made it more common for Americans to visit social media.</span>
Answer:
Diversity
Explanation:
Team diversity means a team composed people who can be distinguished on factors like gender, age, demography, culture, range of skill set , nationality, religious and social background. Diversity is promoted in team to promote innovation, efficiency and improved performance as each member complements other with his/her unique attribute.
Since, as Systech corp, team is composed of people with different nationality and diverse skill, it can be rightly said that such team is example of team diversity based on above mentioned definition of team diversity.
Answer:
Preferred stock holders' dividend = $280000
Common stock holders' dividend = $8000
Explanation:
A cumulative preferred stock is one whose dividends are accumulated in arrears and are to paid in the following year(s), if the company fails to pay or partially pay the dividends in a certain year. The yearly dividend on preferred stock is,
Preferred stock dividend = 10000 * 200 * 0.07 = $140000
As the dividends on preferred stock are in arrears for one year, the company will pay a dividend this year on preferred stock of,
Preferred stock dividend to be paid = 140000 + 140000 = $280000
Thus, out of the announced dividend of $288000, $280000 will be paid to the preferred stock holders while the remaining $8000 will be paid to the common stock holders.