Answer:
As factors of production, the reward for land is rent, capital is interest, labour is wages and salaries and entrepreneur is profit.
Answer:
decrease total assets and stockholders' equity
Explanation:
At the time of declaration a liability increases, against dividend expense.
At the time of payment that liability is settled by paying in cash.
Thus net effect of both transactions is decrease in cash and increase in expenses.
If we carefully analyse the options, then
we get that there is decrease in assets in the form of cash and decrease in equity as expenses decrease retained earnings which are owner's equity.
Therefore, correct option is
decrease total assets and stockholders' equity.
Compounding frequency is how often your interest is calculated and added
back into your account. The more frequently this happens, the more
interest you will earn.
Answer:
The correct answer is option (E).
Explanation:
According to the scenario, computation of the given data are as follows:
Equipment = $15,300
Estimated annual depreciation = $3,060
Time period = 1 month
So, Depreciation = $3,060 × 1 ÷ 12
= $255
So, Here journal entry are as follows:
Depreciation A/c Dr $255
To Accumulated depreciation A/c $255
(Being the depreciation is recorded)
