Answer and Explanation:
The journal entries are shown below:
On June 1
Stock dividend (120000 × 15% × $13) $234,000
To Common Stock dividend distributable (120000 × 15% × 5) $90,000
To Paid in capital in excess of par-Common Stock $144,000
(being stock dividend declared is recorded)
On June 30
Common Stock dividend distributable $90,000
To Common Stock $90,000
(Being the payment of stock dividend is recorded)
"One disadvantage of discretionary fiscal policy is that it can return the economy to its potential level of output but at the cost of increasing the price level." This statement is TRUE.
The main limitations of discretionary fiscal policy are: (1) Information lag: Governments must have the relevant and reliable data they need to change taxes and government spending. Collecting, classifying, aggregating, and analyzing data takes a long time.
Trade-offs – Trade-offs can occur when a government adopts a combination of expansionary and contractionary fiscal policies. When a country wants to increase spending and raise more money to fuel economic growth, it can issue bonds to its citizens.
Learn more about discretionary fiscal policy here: brainly.com/question/27936770
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Answer:
Outdoor enthusiasts love to spend time in nature. One of the ways they do so is by traveling, hiking, cycling, etc. Many times they need to carry equipment that's heavy and are exposed to all manner of weather elements such as fog, rain, heat, etc.
So if the bag cannot contain many items, it's usually a put-off for them. Also, any outdoor person would want their personal items to remain dry regardless of the weather.
This is the reason why for them, both Capacity and Waterproof scores as high as 83% amongst the other factors that influence their demand for a backpack.
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Answer:
D. through knowledge of procurement procedures