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maksim [4K]
3 years ago
7

A mining company declared a liquidating dividend. The journal entry to record the declaration must include a debit to1. Retained

Earnings.2. A paid-in capital account.3. Accumulated Depletion.4. Accumulated Depreciation.
Business
1 answer:
gregori [183]3 years ago
6 0

Answer: Option (2)

Explanation:

Paid in capital is referred to as or known as amount of the capital which is paid in by the investors during the preferred or common stock issuance, including par value of shares in addition to the amount in excess of the par value. The paid in capital tends to represent funds which are raised by organization through selling of equity.

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Suppose the following two events occur at the same time: the Chicago Cubs win the World Series, and the workers who make Cubs me
Virty [35]

Answer:

The correct answer is increase; increase or decrease.

Explanation:

In a situation where there is a saturation of demand compared to the decrease in supply caused by issues other than the market, it is most likely that in the next season a larger quantity will begin to be produced as would have happened when the cubs won the series. worldwide, but this does not guarantee that the offer will respond in the same way as when that situation arose. An adverse situation is not predictable within sales expectations.

5 0
3 years ago
The value of U.S. imports is Multiple Choice
Salsk061 [2.6K]

Answer:

Option (1) is correct.

Explanation:

The value of imports refers to the amount of goods that are purchased by the residents of the home country from the foreign country. While calculating the gross domestic product (GDP) of a particular nation the value of imports is subtracted from the value of exports of that nation.

The value of imports doesn't contribute towards the domestic production of United States because these goods are produced in the foreign country.

GDP = Consumption + Investment + Government spending + Net Exports

        = Consumption + Investment + Government spending + (Exports - Imports)

6 0
3 years ago
The current highest interest rate on a savings account is 1.85%. the current rate of inflation is 1.9%. what is the real dollar
adoni [48]

Answer: 0.51

Explanation:

Nominal rate = 1.85%

Inflation rate = 1.90%

Real rate of return = (1 + nominal rate / 1 +inflation rate) - 1

Real rate of return = ((1 + 0.0185) / (1 + 0.019)) - 1

= (1.0185 / 1.019) - 1

= 0.9995 - 1 = - 0.0005

Therefore, the real dollar return I. $1,020 equals

0.0005 × 1020 = 0.51

3 0
4 years ago
The graph shows Keynes's theory of aggregate demand. A line graph shows total economic output on the x axis and price on the y a
yulyashka [42]

Answer:

C: Prices and output would rise, and the equilibrium will change

Explanation:

6 0
3 years ago
Most home insurance policies cover jewelry for $1,000 and silverware for $2,500 unless items are covered with additional insuran
raketka [301]

Answer:

$8,200

Explanation:

The amount of asset that is not covered under the insurance policy would not be claimable so if the amount of insurance policy that covers jewelry of worth $1000 and silverware of worth $2,500 then the total claimable insurance would be $3500 ($1000 for both Jewelry and $2500 for silverware).

The jewelry stolen is worth $5200 and out of it $4200 is not claimable because $1000 of this is covered under the insurance policy. Likewise the silverware worth of $6500 has been stolen of which $4000 is not claimable because $2500 of this is covered under the insurance policy.

The claim that would be not covered under the insurance policy would be:

Non claimable insurance amount = ($5,200 - $1,000) + ($6,500 - $2,500)

= $8,200

7 0
3 years ago
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