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2 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]2 years ago

6 0

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

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Pitney Co. purchased an office building, land, and furniture for $639,300 cash. The appraised value of the assets was as follows

serg [7]

Solution :

a).<u> Amount to be recorded on the books for each of the assets.</u>

Working Allocated cost($)

Land (639,300 / 716,016 )x 136,043 121467

Building (639,300 / 716,016 )x 179,004 159825

Furniture (639,300 / 716,016 )x 400,969 358008

Total 639,300

b). <u>Statement model</u>

Assets : Cash + Land + Building + Furniture

639,300 + 121,467 + 159825 + 358008

Cash flow = 639,300

c). <u>Journal entry</u>

General journal Debit($) Credit($)

Land 121,467

Building 159,825

Furniture 358,008

Cash 639,300

5 0

2 years ago

lucy invests $800 in an account that earns 6.12% annual interest compounded continuously. juan invests $1600 in an account that

Len [333]

Answer:

Both their investments will reach a similar value in 32 years, 9 months and 8 days. Both accounts will have exactly $5,606.

Explanation:

Original investment: $800 at 6.12% $1,600 at 3.9%

future value 10 years $1,449 $2,346

future value 20 years $2,624 $3,439

future value 30 years $4,753 $5,042

future value 31 years $5,044 $5,238

future value 32 years $5,353 $5,442

future value 33 years $5,681 $5,655

It will take over 32 years for both investments to match their amounts.

to determine the approximate month we start with the future value in 32 years:

$5,353 $5,442

future value in 6 months $5,517 $5,548

future value in 9 months $5,599 $5,601

future value in 9 months

and 5 days $5,603 $5,604

future value in 9 months

and 8 days <u>$5,606</u> <u>$5,606</u>

7 0

3 years ago

True or False: Evaluation of a Request for proposal is based solely on price.

mixas84 [53]

Answer:

false.

Explanation:

u help me i help you

8 0

2 years ago

If a payment is directly deducted from your account, which type of card are you using?

larisa [96]

Debit Card im pretty sure

5 0

3 years ago

Read 2 more answers

On its year 1 financial statements, Seatax Corporation, an accrual-method taxpayer, reported federal income tax expense of $570,

Nookie1986 [14]

Answer: $570000

Explanation:

The book-tax difference, that's associated with its federal income tax expense that Seatax should have reported when computing its year 1 taxable income will be $570000.

It should be noted that the $570000 for the book tax difference is permanent as it isn't reversible for.the next fiscal period.

7 0

2 years ago