1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Luda [366]
3 years ago
11

Marjam Company owns 63,600 shares of MacKenzie Company's 120,000 outstanding shares of common stock. MacKenzie Company pays $120

,000 in total cash dividends to its shareholders. Marjam's entry to record this transaction should include a:a. Debit to Interest Revenue for $13,780.b. Credit to Dividend Revenue for $26,000.c. Credit to Long-Term investments for $63,600.d. Credit to Long-Term Investments for $26,000.e. Debit to Dividend Revenue for $13,780.
Business
1 answer:
Tems11 [23]3 years ago
5 0

Answer:

Marjam's entry to record this transaction should include a c. Credit to Long-Term investments for $63,600.

Explanation:

Marjam investment in MacKenzie is a Financial Asset. A financial Asset is an obligation to receive cash.

Marjam will be paid a cash dividend based on the share of ownership it has in MacKenzie.

Share of Ownership = 63,600 shares/ 120,000 outstanding shares

                                  = 53%

<u>Marjam's entry to record cash dividends is as follows </u>

Dividend = $120,000 × 53%

               = $63,600

Debit : Bank $63,600

Credit : Long-Term investments $63,600

You might be interested in
Earned net income of $65,000 after deducting depreciation of $8,000 and all other expenses. Current assets decreased by $7,000​,
Drupady [299]

Answer:

Cash provided by operating activities is 89.000

Explanation:

The indirect method involves the adjustment of net income with changes in balance sheet accounts to arrive at the amount of cash generated by operating activities.

It depends on the account if it is added or subtracted to net income. Below you will find the added account with a plus (+) and the subtracted ones with a minus (-)

Notice the amounts of any decreases are in parentheses.

Net income 65.000

Adjustment to reconcile the net income to cash  

+ Depreciation expense 8.000

+ Current assets decrease 7.000

+ Current liabilities increase 9.000

Net cash 89.000

7 0
3 years ago
Gulmirah, a small underdeveloped country, has an adult population of 16.8 million, and the remaining 13.75 million of the popula
vfiekz [6]
<span>The GDP of Gulmirah is equal to approximately "</span>$19.70 billion".

All of these exercises add to the Gross domestic product of a nation. The Gross domestic product estimation additionally represents spending on exports and imports. In this way, a nation's Gross domestic product is a measure of consumer spending (C) in addition to business investment (I) and government spending (G) and additionally its net exports, which is exports-imports (X-M).
6 0
3 years ago
The probability that inventory will remain in stock based upon a specified level of Safety Stock is called: A. The Order-Up-To L
horsena [70]

Answer:

The answer is "Option D".

Explanation:

The system's performance is gauged only by the level of service. The quality of service specifies the percentage of such goals which should be met. That likelihood of stock remaining in inventory based on a set level of Security Stock is referred to as the service level. Ex: In a contact center, the number of calls that are addressed. That percentage of consumers who have waited less than a fixed amount of time.

4 0
3 years ago
Where is a more popular place a thief would go to troy to steal your personal information?
pantera1 [17]
A cafe or restaurant with a free unprotected network
6 0
3 years ago
Customers can build their own computers with Dell's online configurator. They simply have to answer a few questions and choose f
Nitella [24]

Answer: Choiceboard

Explanation: A choiceboard may be explained as an online tool usually developed by product makers or manufacturers which affords consumers to make bespoke or custom products by allowing them the flexibility of making personal choices about the type, attribute and specifications they would want their personal product to posses. The choiceboard will contain a list of various options available on each of the specifications a product could have and the customer makes his or her choice allowing them to build a fully customized product.

5 0
3 years ago
Other questions:
  • A corporation reports the following year-end balance sheet data. The company's equity ratio equals: Cash $ 58,000 Current liabil
    5·1 answer
  • (bank deregulation some economists argue that deregulating the interest rates that could be paid on deposits combined with depos
    6·1 answer
  • The boss praised his hourly employees for their good work. The boss hopes that the praise encourages the employees to continue t
    12·1 answer
  • Imagine yourself as a business owner just before an economic event such as a recession or depression. What impact would
    8·1 answer
  • Economic facts in terms of number are known as​
    6·1 answer
  • g Swifty Corporation issued 3,100 5%, 5-year, $1,000 bonds dated January 1, 2022, at face value. Interest is paid each January 1
    10·1 answer
  • Trade promotions are sales promotion activities that are targeted for manufacturers, wholesalers, and retailers.
    14·1 answer
  • Is Cu2+(aq) + 2e− ---------------&gt; Cu(s) oxidation or reduction?​
    13·1 answer
  • an artist brought a breach of contract claim against a museum...what effects will the dismissal order have
    13·1 answer
  • The LFH Corporation makes and sells a single product, Product T. Each unit of Product T requires 1.5 direct labor-hours at a rat
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!