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3 years ago

Concord Company pays cash dividends of $670. The entry for this transaction will include a debit of $670 to

Business

1 answer:

kow [346]3 years ago

4 0

Answer:

c. Dividends

Explanation:

Whenever, dividends are recorded as a liability then that amount is charged against retained earnings, but the final entry for payment of dividend =

Dividend A/c Dr. $670

To Cash A/c. $670

Also at the time of recording as an expense, entry will be

Retained Earnings A/c Dr. $670

To Dividend A/c $670

Since retained earning balance will be reduced and finally cash balance will also be reduced.

Therefore, entry for payment will include debit to

c. Dividends

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Assume that banks hold no excess reserves and that all currency is deposited into the banking system. If the required reserve ra

GrogVix [38]

Answer:

2.75 million

Explanation:

Required reserves is the percentage of deposits required of banks to keep as reserves by the central bank

Required reserves = reserve requirement x deposits

Increase in value of money supply as a result of the purchase is determined by the money multiplier

Money multiplier = 1 / reserve requirement

1/0.05 = 20

increase in money supply = amount of open market purchase / reserve requirement

55 / 20 = 2.75 million

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3 years ago

12 Unless otherwise posted, in Florida, the speed limit for most municipal areas is 40 mph O 25 mph )45 mph 30 mph

AVprozaik [17]

Answer:

I'd say 40 mph.

Explanation:

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4 years ago

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Evgesh-ka [11]

Answer:

Fee based fund is the correct answer to the given question

Explanation:

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When the company sells the mutual fund in a fee-based consideration individuals will buy the bond fund Series of the F units.
All the other options are not related to imposing the sales charge that's why they are incorrect option .

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3 years ago

Bao has been notified by his electric company that his rates are going up on his graduated fee schedule. He currently pays?

Salsk061 [2.6K]

Bao has been notified by his electric company that his rates are going up on his graduate fee schedule. he currently pays $81.

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brainly.com/question/1632995

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2 years ago

________ refers to the total value of all the exports and imports of the world's nations.

Musya8 [376]

<span>World trade refers to the total value of all the exports and imports of the world's nations.</span>

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3 years ago