The answer is B.
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Answer:
cash and supplies accounts but that is not an option
Explanation:
Answer:
Declaration:
Dr retained earnings $135,000
Cr dividends payable $135,000
Record date:
no entries are required
Payment date:
Dr dividends payable $135,000
Cr cash $135,000
Explanation:
The declaration implies that an amount is set aside from retained earnings in order to pay dividends to stockholders,which means that retained earnings is debited with $135,000 while dividends payable is credited with the same amount.
On payment date,the cash account would show a credit,an outflow while dividends payable is debited with $135,000 in order to show that the dividends obligation has been discharged
Given:
Original cost of contributed equipment : 125,000
Accumulated depreciation of contributed : 100,000
Value of similar equipment : 150,000
Agreed upon valuation of contributed equipment : 29,000
The amount that should be debited to the equipment account is 29,000.
It is the current value of the contributed equipment as agreed upon by the partners.
Answer:
1.A representative quantity from a probability distribution arrived at by multiplying each outcome times the associated probability and summing up the products.
2.The relative convertibility of short-term assets to cash.
3.Assets that are assumed to be long term in nature.
4. Computer terminals in retail stores that may be used for inventory control or other purposes.
5. Assets that are converted to cash within the normal operating cycle of the firm.
6.Financing provided by sellers or suppliers in the normal course of business.
7.Equal monthly production used to smooth out production schedules and employ manpower and equipment more efficiently.
Explanation: