Answer:
1.
Option B is the correct answer.
2.
Dividends Paid = $55 million. Thus, option C is the correct answer.
Explanation:
1.
The statement about shareholders' equity given in option A that it is the difference between the paid-in capital and retained earnings is incorrect as the retained earnings are a part of the equity of shareholders and are included in the calculation of shareholders' equity. Thus, option B is the correct answer.
2.
The Net Income earned by a company is usually treated in two ways. It is either paid out as dividends to the shareholders or is retained in the business and transferred to the retained earnings account or both. Thus, we can calculate the amount of dividends paid by the following equation.
Closing balance of retained earnings = Opening balance of retained earnings + Net Income for the period - Dividends Paid
700 = 595 + 160 - Dividends Paid
700 + Dividends Paid = 755
Dividends Paid = 755 - 700
Dividends Paid = $55 million
A long-term loan usually has lower interest rate
Answer:
B. adding horizontally the individual demand curves.
Explanation:
A market demand curve -
For a given market , the sum of the individual demand curves is known as the market demand curve .
The curve help us to determine the demand of the quantity of the goods by all the people at the different price point .
Hence , a market demand curve is derived via horizontally adding all the individual demand curves .
Answer:
My Guess would be 50% because it's half of her coverage I hope this helps you
Answer:
$5,082
Explanation:
Calculation of the balance in Kent's deferred tax liability account as of December 31, 2021
Using this formula
Deferred tax liability balance =Cumulative future taxable amounts*Enacted tax rate
Where,
2021 Cumulative future taxable amounts =$24,200
Enacted tax rate=21%
Let plug in the formula
Deferred tax liability balance =$24,200*21%
Deferred tax liability balance =$5,082
Therefore the balance in Kent's deferred tax liability account as of December 31, 2021 will be $5,082
