Answer:
Cash Over and Short
Explanation:
An income statement account that is used to record cash overages and cash shortages arising from petty cash transactions or from errors in making change is titled Cash Over and Short.
By definition, 'Cash Over and Short' is an account within the general ledger of a company in the income statement in which shortages or overages of cash is posted.
At the end of the period, the balance in the account (whether debit or credit) will determine what side of the income statement it will appear.
Airline passengers who fly on aircraft benefit from the specialization and trade that occurs between plane manufacturers since airlines can offer more routes at lower prices. This statement is True.
<h3>What is Airline?</h3>
- An airline is a business that offers passenger and cargo air transportation services.
- Airlines utilize planes to provide these services, and they may join forces with other airlines to fly the same flight under a codeshare arrangement.
- Typically, an air operating certificate or license issued by a governmental aviation organization serves as recognition for airline firms.
- Airlines may operate on a scheduled or a charter basis.
<h3>What is aircraft?</h3>
- A machine or vehicle that can fly by drawing assistance from the air is called an aircraft.
- It uses either static lift, dynamic lift from an airfoil, or, in a few rare instances, the downward thrust from jet engines to counteract the pull of gravity.
- Aeroplanes, helicopters, airships (including blimps), gliders, paramotors, and hot air balloons are a few examples of common types of aircraft.
Learn more about aircraft here:
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Answer:
$59,900
Explanation:
The cash flow statement categories the company's transactions in a financial period into 3 groups; these are operating, investing and financing.
The net profit/loss, depreciation, changes in current assets (other than cash) and liabilities are considered as operating activities including income taxes.
The sale of assets, interest received, purchase of investments are examples of investing activities while the issuance of stocks, debt principal deduction (loan settlement), issuance of debt securities etc are examples of financing activities.
The movement in the dividend payable account may be expressed mathematically as
Opening balance + Dividend declared - Dividend paid = Closing balance
$14,200 + $63,000 - Dividend paid = $17,300
Dividend paid
= $14,200 + $63,000 - $17,300
= $59,900
Answer: ethical
Explanation:
Ethics simply refers to the standard of knowing what's right and wrong. From the question, we can infer that Tiny is facing ethical challenges as his action will harm some and benefit others.
In this case, some of the workforce will be laid off while there will be an increase in salary for the top executives and one of the top executives is being investigated for corrupt practices. This is an ethical dilemma.
Answer:
The amount of dividends common shareholders will receive in 2018 is $21,300
Explanation:
The computation of amount of dividend of common shareholders is shown below:
Previous year stock dividend (2017 & 2016) = ($570,000 × 7% ) - 37000 × 2
= $5800
Current year stock dividend 2017 = $570,000 × 7% = $39900
Current year cash dividend 2018= $67,000
Now, subtract the 20178 stock dividend and previous year stock dividend from Current year cash dividend 2018 which equals to $21,300
= $67,000 - $39900 - $5800
= $21,300
Thus, the amount of dividends common shareholders will receive in 2018 is $21,300