Answer:
A.The impact on the balance sheet after the payment of the dividends is a reduction in current asset-cash by $8580 as well as a drop in equity-specifically retained earnings by the same amount.
B.Total assets (book and market values) will decrease by $8580 and equity and liabilities on the other hand will also reduce by $8580.
A.The accounting entries in respect of the dividend payment will be :
Debit Retained earnings $8580
Credit Cash $8580
Explanation:
The dividends of $1.43 gives $8580 in total i.e $1.43*6000 shares
The impact of the dividend payment will be in terms of reduction in cash available for daily operations and reduction in funds attributable to shareholders.
Answer:
The right answers are either b. or d., or both.
Explanation:
When the dollar loses value, there is higher demand for foreign imports in a country because they become cheaper. When the dollar gains in value, a foreign country´s exports increase. Changes in the value of currencies reflect changes in demand and supply. An increase in exports will shift the demand curve of the dollar higher. A reduction of imports will have a contrary effect.
Answer:
Operating activities
Explanation:
The operating activities deal with the purchase and sale of merchandise to the customers plus it also involves the expenditure incurred for day to day operations like - wages and salaries expenses, administrative expenses, selling and other general expenses
By performing day to day activities, the company is enabled to generate the revenues through which the company could accomplish its goals and objectives.
Answer:
False
Explanation:
Capital gains and losses netting will have no effect on tax payable. The individual impact on tax will be same as of netting the gains and losses. The net outcome of the tax will be remain un impacted.
