Answer:
Answer is $15,000
$6,000 share of ordinary income plus $9,000 gain for a $50,000 distribution in excess of her $41,000 stock basis.
Answer:
Following are the solution to this question:
Explanation:
In all the given choices some of the data is missing so, its correct entry can be defined as follows
Cash account $7,840
Sales discount $160
To Accounts receivable $8,000
No, she can’t do that because the person who ordered the table settings paid for what they were supposed to send so she needs to of sent them if not that’s false advertising.
Answer:
D.
Explanation:
The process by which members of an organization choose a specific course of action to respond to both problems and opportunities.
Characteristics:
-number of alternatives
-information available to the option
-timeframe relatively long
-uncertainty
Phases for decision making:
-acquiring and perceiving info or cues for the decision
-generating and selecting hypotheses or situation assessments
Answer and Explanation:
The Journal Entry is shown below:-
Mar-01
Cash dividends Dr, $98,250
(131,000 × $0.75)
To Dividends payable Dr, $98,250
(Being declaration of dividends is recorded)
Mar-10
No entry required
Mar-31
Dividends payable Dr, $98,250
To Cash $98,250
(To record payment of dividends)
