1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
AysviL [449]
3 years ago
10

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

You might be interested in
What is the verb in this sentence grandma served us hot pancakes in the morning
icang [17]

served is the verb. A verb is a action, the action here is served

5 0
2 years ago
Just want to say thank you to everyone on this app thanks to you i passed 7th grade and i know i could not of do it with out you
NNADVOKAT [17]

Answer:

aye congrats on passing!! im doing my finals rn im super stressed lol

8 0
2 years ago
According to growth accounting studies, a country would achieve better results by promoting
sergij07 [2.7K]

Answer:

I dont really know i nee the points tho sorry hope you find help

Explanation:

6 0
3 years ago
Brooks Company is a consulting firm and applies indirect overhead costs based on billing hours. The firm expects to have $75,000
valina [46]

Answer:

$2325

Explanation:

Indirect costs =75000/750=$100 per hour

Direct Labour = $55 per hour

Total cost per hour =100+55=$155

$155 ×15= $2325

The total cost for the consulting job for George Peterson is $2325

5 0
3 years ago
Expert power is based on​ ________.
Alchen [17]
<h3>♫ - - - - - - - - - - - - - - - ~Hello There!~ - - - - - - - - - - - - - - - ♫</h3>

➷ The correct option would be C. influence wielded as a result of​ expertise, special​ skill, or knowledge.

<h3><u>✽</u></h3>

➶ Hope This Helps You!

➶ Good Luck (:

➶ Have A Great Day ^-^

↬ ʜᴀɴɴᴀʜ ♡

5 0
2 years ago
Other questions:
  • Forward Inc. is an investment bank that operates in a particular geographic territory in Valentia. The company allocates specifi
    5·1 answer
  • The average human lifespan is expected to increase by how many years by 2100? 15 years 30 years 10 years 25 years
    8·1 answer
  • Points: 12©2006 Capsim Management Simulations, Inc.® The Chester company will continue to train their existing workforce at thei
    5·1 answer
  • Mr. Morgan earns $38,000 a year as a salesperson and a 5% commission on all his sales. He has a mortgage of $910 a month and pay
    9·2 answers
  • Professional codes of conduct serve what function for business and industry
    6·1 answer
  • Mocha Company manufactures a single product by a continuous process, involving three production departments. The records indicat
    8·1 answer
  • Grayson really wants to get an a on his upcoming math test but he hates studying. He decides to set a goal for himself to study
    13·1 answer
  • Demand is forecast for the next five months as 200, 300, 500, 300, 200. If the production planner decides to adopt a level strat
    7·1 answer
  • Your friend just got an unexpected $1,000 tax refund. She plans to put $800 towards paying off credit card debt, $100 toward her
    9·1 answer
  • the board of directors of kate's company recently hired an independent firm to review the state of the organization's security c
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!