Answer:
January 15, Year 5.
Explanation:
The Rico should decrease retained earnings by the amount of the dividend is declaration date.
The declaration date refers to date the board of directors of a company makes a formal announcement of when the next dividend will be paid. The declaration is therefore also referred to as the announcement date.
On the declaration date, liability account known as dividend payable account is created and credited, while the retained earnings is debited or reduced by the amount of the dividend.
From the question, January 15, Year 5 is the announcement date and it is therefore the date Rico should decrease retained earnings by the amount of the dividend.
Answer:
B
Explanation:
It is the correct answer and outsourcing is were another company hires a company to essentially do their job. But done by a different company.
Answer: As far as business is concerned, the most popular ownership structure in the U.S. is SOLE PROPRIETORSHIP.
Explanation:
Sole proprietorship is the form of business that is owned by a single person, it is easy to form and the business owner exercises total control over their business.
The business owner is solely liable for losses made in the business, and also enjoys all the profits of the business alone.
Usually this kind of business will mostly end with the death of the business owner.
We have to calculate the amount of the sales taxes owed to a taxing agency.
The tax rate is 5% ( 0.05 ) and the balance in the sales revenue account amounted to $294,000.
$294,000 * 0.05 = $14,700
Answer:
Amount of the sales taxes is B ) $14,700.
Answer:
Total current assets $83,580
Explanation:
The preparation of the current assets section of the balance sheet is shown below:
<u>Current Assets Amounts </u>
Cash $22,360
Debt investments(short term) $17,360
Accounts receivables $30,100
Supplies $8,170
Prepaid Insurance $5,590
Total current assets $83,580
