Answer:
Option A is correct
Explanation:
When dividends are declared, the appropriate entries would be debit retained earnings and credit dividends payable since the dividends are yet to be paid.
When outright cash is given dividends, it is safe to debit dividends while crediting cash since there an outflow of cash from the business.
As a result, the correct option is A
Answer:
$895.22
Explanation:
We use the present value formula to determine the current bond price i.e shown in the attachment below:
Given that,
Future value = $1,000
Rate of interest = 10.5%
NPER = 8 years
PMT = $1,000 × 8.5% = $85
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after solving this, the current bond price is $895.22
The additional utility a person receives from consuming an additional unit of a good or service is known as Marginal Benefit.
<h3>What is service?</h3>
Services are referred as a type of product that is offered to someone in terms of facilities like the one received in a restaurant or shopping mall. It is a type of commodity or product that is intangible in nature, one can only feel it.
The additional utility a person receives from consuming an additional unit of a good or service is known as Marginal Benefit. Any activity can have its net benefit increased by selecting the amount at which marginal utility equals marginal expense.
Learn more about Marginal benefits, here:
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The answer would be that the answer is true
