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Taya2010 [7]
2 years ago
10

The declaration and payment of a dividend by a corporation causes: Select one:

Business
1 answer:
kolezko [41]2 years ago
4 0

Answer:

c

Explanation:

it causes a decrease in assets and a decrease in retained earnings

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When a company exchanges machinery and receives a trade-in allowance greater than the book value, this transaction would be reco
77julia77 [94]

Answer:

b. debit Machinery and Accumulated Depreciation; credit Machinery, Cash, and Gain on Disposal

Explanation:

When machinery exchange and its value is greater than the book value so the journal entry is recorded which is shown below:

Machinery A/c Dr XXXXX

Accumulated depreciation A/c Dr XXXXX

            To Machinery A/c XXXXX

            To Cash A/c XXXXX

            To Gain on disposal A/c XXXXX

(Being the exchange is recorded)

Hence the most appropriate option is b.

7 0
3 years ago
If real GDP​ increases, A. the money demand curve shifts to the right. B. there is a movement down along a stationary money dema
qaws [65]

Answer:

A. The money demand curve shifts to the right.

4 0
3 years ago
Determine the adjusted basis of each of the following assets:
Andru [333]

Answer and Explanation:

The computation is shown below:

                  75%                      25%             100%

Particulars       Business Use Personal Use    Total

Initial Basis    $22,500         $7,500            $30,000

Less: Depreciation -$4,209              0                   -$4,209

Adjusted Basis      $18,291           $7,500             $25,791

b    

Particulars                     Building        Land            Land Improvements

Original Cost               $250,000       $80,000  

Remodeling cost        $8,000  

Parking lot and sidewalks                             $12,000

Depreciation                -$70,620                           -$1,000

Adjusted basis         $187,380 $80,000           $110,000

We simply classify the cost to each type of asset which is shown above

8 0
2 years ago
Which of the following behavior patterns may be a characteristic of minors
Schach [20]

Answer:

Self conscious about appearance

Explanation:

A minor is a usually adopted as term used to make distinction between an adult who can take up legal responsibilities and a child who legally below the specified age of the majority or adulthood. Distinction between minors and adulthood is usually based on the age of the individual. Person below the age of 18 in most countries are considered as minor. They possess certain characteristics which may include excessive consciousness about looks and trying to avoid eyes contact as much as possible.

7 0
3 years ago
Darren has borrowed $100$ clams from ethan at a $10\%$ simple daily interest. meanwhile, fergie has borrowed $150$ clams from ge
Oxana [17]

Answer:

20

Explanation:

start doing math

7 0
2 years ago
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