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Katyanochek1 [597]
3 years ago
10

July 15 Declared a cash dividend payable to common stockholders of $169,000. Aug. 15 Date of record is August 15 for the cash di

vidend declared on July 15. Aug. 31 Paid the dividend declared on July 15. Prepare journal entries to record the above transactions for Emerson Corporation. (If no entry is required for a transaction/event, select "No journal")
Business
1 answer:
Brilliant_brown [7]3 years ago
3 0

Answer:

Explanation:

The journal entries are shown below:  

On July 15:

Retained earning A/c Dr  $169,000

    To Dividend payable    $169,000

(Being cash dividend declared is recorded)

On Aug 15:

No journal entry is required on the date of declared

On Aug 31:

Dividend payable A/c    $169,000

      To Cash A/c $169,000

(Being dividend is paid is recorded)

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Answer:

The correct answer is letter "A": task.

Explanation:

Austrian industrial and organizational investigator Fred E. Fiedler (<em>1922-2017</em>) published his Contingency Theory to describe what causes effectiveness in leaders according to the situation in which they are. According to Fiedler, the task-oriented leader places special attention on the achievement of goals. This type of leaders are usually strict and follow rigid schedules requiring employees to push their limits.

3 0
3 years ago
The supply of product X is perfectly inelastic if the price of X increases by _______ and, as a result of the price change, the
konstantin123 [22]

Answer:

c) 10%; stays the same. 

Explanation:

Elasticity of supply measures the degree of responsiveness of quantity supplied to changes in price.

Supply is perfectly inelastic if a change in price has no effect on quantity supplied. The quantity supplied remains unchanged despite changes in price.

I hope my answer helps you

7 0
3 years ago
Universal Travel Inc. borrowed $497,000 on November 1, 2018, and signed a 12-month note bearing interest at 4%. Interest is paya
never [62]

Answer:

Dec 31, 2018

Interest expense                        3313.33 Dr

    Interest Payable                           3313.33 Cr

Explanation:

The note interest is payable at an annual rate of 4%. The interest will be paid at maturity however, an adjusting entry will be made on December 31, 2018 following the accrual basis of accounting to record the interest expense that relates to the period from November to December of 2018. The interest expense will be debited and as the interest will be paid at maturity, interest payable will be credited.

Interest expense = 497000 * 0.04 * 2/12   = $3313.33

7 0
3 years ago
the rising and sinking of Earth's surface relative to the mantle in response to the redistribution of mass in the crust the risi
a_sh-v [17]

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Isostasy.

Explanation:

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According to the research literature on strategy and structure, the relationship between strategy and structure most strongly im
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making strategy.

c. Structure of organisation is the primary consideration in making strategy thus its influence will be high.

Therefore right answer is statement B .

8 0
3 years ago
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