Answer:
c. Credit to Dividends for $440.
Explanation:
The second closing entry is
Retained earnings $440
To Dividend $440
(being the dividend account is closed)
Here the retained earnings is debited as it decreased the stockholder equity and the dividend is credited as it is closed
Also the first closing entry represent the closing of revenues and expenses
Therefore the option c is correct
Answer:
d. Specific identification method.
Explanation:
The specific indentification method relies on the specific categorization of the ending inventory, by attaching the date or purchase and the exact cost to every item of the ending inventory.
As it can be seen, the method is very accurate, because it can give the real value of ending inventory at the end of the year. However, it is also very time-consuming and difficult to keep up with, and for this reason most companies only use this method for items that are valuable, or that can be easily categorized in a specific date and price.
Most companies use other inventory valuation methods like LIFO, FIFO, and weighted average.
Answer:
Generally, however, you should expect a slight markup on at least some of the items you buy via Instacart. That makes it extra important to save money where you can. Ways to save on Instacart online grocery orders. When using Instacart, you can expect to pay a bit extra for the convenience. However, there are still ways to save.
Explanation:
Answer:
a. should be discouraged because it lessens a quality that makes that antique desirable
Explanation:
In pricing theory, the price for a good or service should increase as its scarcity increases. Now selling the antique at a bargain price will reduce the price of it and thereby making it less scarce and rare.
