Answer:
Option (A) is correct.
Explanation:
On January 1st,
Total assets = Total liabilities + share holders equity
= 640,000 + 580,000
= 1,220,000
On December 31st,
Total assets = Total liabilities + share holders equity
= 630,000 + 620,000
= 1,250,000
Retained earnings closing = share holders equity increases - common stock issued
= (620,000-580,000) - 10,000
= 40,000 - 10,000
= 30,000
Retained earnings closing = Net income - Dividend declared
30,000 = $45,000 - Dividend declared
Dividend declared = $45,000 - $30,000
= $15,000
A short-term liability is a payment that is due in 12 months or less. Hence notes payable due in six months is reported as a short-term liability.
<h3>
What is a liability?</h3>
In the parlance of Accounting and Finance, a Liability is a financial obligation that the company owes to individuals, or organizations with which it has transactional or legal relationship.
Hence, it is correct to indicate that notes payable due in six months is reported as a short-term liability.
Learn more about liability at;
brainly.com/question/14921529
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Answer:
The correct answer is option b.
Explanation:
In a perfectly competitive market or industry, the firms are price takers. The price is determined by the market forces of demand and supply. The individual firms will face a horizontal line demand curve.
This horizontal line represents the demand curve, price line, average revenue, and marginal revenue. The profit is maximized when the marginal cost and marginal revenue is equal to price.
I would say secondary schools attended. I think so because this wouldn't effect anything, it would just let other people know that you are attending other schools other than your main one, that may be connexus or ETC.