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3 years ago

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Divine Apparel has 4,000 shares of common stock outstanding. On October 1, the company declares a $0.75 per share dividend to st

ockholders of record on October 15. The dividend is paid on October 31. Record all transactions on the appropriate dates for cash dividends.

1 answer:

kipiarov [429]3 years ago

6 0

I got to think about this again. Come back. later!! X=22.15

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Help please!! Facilities managers and records and information managers are two categories of what type of job?

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Answer:

B.

Explanation:

This is the answer

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2 years ago

For a Louisiana partnership in commendam, what duties/responsibilities is the partner in commendam allowed to have and what acti

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Answer:Advising the partners about the business, attend the partnership meetings, vote in matters concerning the partnership, participate in the winding up of the partnership, participate in taken decisions about a change in the nature of the partnership business. (b) if partnerships in commendam participate in the running of the business he is only liable to persons who transact business with the partnership.

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4 years ago

When you analyze a system using the six-phase security process, you are performing a:?

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<span>When you analyze a system using the six-phase security process, you are performing a security architecture study.
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3 years ago

Jing Company was started on January 1, Year 1 when it issued common stock for $28,000 cash. Also, on January 1, Year 1 the compa

denpristay [2]

Answer:

5,280 net income for the Year 3

Explanation:

This would be the situation:

17,400 revenue

11,000 expenses

gain/loss on sale of equipment

= net income year 3

To know the result of the sale of equipment we have to do

sales price - book value = gain/loss on sale of equipment

8900 - book value = gain/loss

We have to determinate the book value.

book value = adquisition cost - acumulated depreciation

The equipment cost 15,200 + 1,300 transportation cost = <u>16,500 Adquisition Cost</u>

acumulated depreciation = depreciation per year * 3 years

and depreciation per year is:

$\ $ depreciation per year $= \frac{Adquisition Value - Salvage Value }{Useful Life}$

Here we have all the values, so we stop digging and start solving.

<em>depreciation </em>= (16,500-5,700)/5 = 2,160

<em>acumulated depreciation</em> = 2,160 * 3 = 6,480

<em>book value</em> = 16,500 - 6,480 = 10,020

<em>gain/loss </em>= 8,900 - 10,020 = -1,120 LOSS on sale of Equipment

net income = 17,400 - 11,000 - 1,120 = 5,280 net income for the Year 3

6 0

4 years ago