Answer:
January 15, Year 5.
Explanation:
The Rico should decrease retained earnings by the amount of the dividend is declaration date.
The declaration date refers to date the board of directors of a company makes a formal announcement of when the next dividend will be paid. The declaration is therefore also referred to as the announcement date.
On the declaration date, liability account known as dividend payable account is created and credited, while the retained earnings is debited or reduced by the amount of the dividend.
From the question, January 15, Year 5 is the announcement date and it is therefore the date Rico should decrease retained earnings by the amount of the dividend.
its like keeping the funds private and makeing sure no one knows alot about it
I believe the answer is FFA.
Hope this helps.
(Please mark this brainliest, I would really appreciate it) Thanks!
The correct answers are:
<span>A.)mutual funds are more strictly regulated than hedge funds
</span><span>D.)mutual funds collect money from investors while hedge funds from companies
Mutual funds are investment programs that are funded by shareholders while hedge funds are invested funds from borrowed money. In terms of an investment program, mutual funds are more effective.</span>
To solve this problem, first, we must know the formula to get the current ratio.
Currents Assets
Current Ratio= -------------------------
Current Liabilities
So in this problem the current assets and current liabilities are given which are the following:
CA= $593,000,000
CL= $316,000,000
Let's now solve $593,000,000 / $316,000,000 = 1.88
