1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
spayn [35]
3 years ago
9

On June 20, Blaney Company purchased 2,000 shares of ABC Company common stock for $32 per share.These shares are categorized as

having insignificant influence.. On September 8, Blaney Company receives $.60 per share in dividends from ABC Company. A correct entry to record the receipt of the dividends is:
Business
1 answer:
podryga [215]3 years ago
8 0

Answer:

                                                 Debit             Credit

Cash(2,000*0.60)                     $1,200

Dividend income                                             $1,200

Explanation:

The following journal entry shall be recorded by the Blaney Company in its accounts in respect of the dividend income received from the ABC Company on September 8:

                                                  Debit             Credit

Cash(2,000*0.60)                     $1,200

Dividend income                                             $1,200

You might be interested in
Commodity futures contracts can be bought and sold on the open market for which reason
timama [110]

Answer:

Futures contracts are derivatives. Their price is derived from one or more underlying assets. Due to their nature as commodities, a buyer can agree to purchase at a predetermined price; and a seller can agree to sell that quantity at the agreed-upon price.

7 0
4 years ago
You own a house that you rent for $1,675 per month. The maintenance expenses on the house average $315 per month. The house cost
Trava [24]

Answer:

The value that should be placed when analyzing the option of using the house as a professional office is $242,880

Explanation:

In calculating cash flow of a project, opportunity cost is very important hence be made part of the cash flow

Incremental cash flow = Appraisal on the house - Real estate fees

=$264,000 - $21,120

= $242,880

7 0
3 years ago
Read 2 more answers
Previous
densk [106]
OB is false. Hope that answers your question
6 0
3 years ago
_____ is the most common way to measure the standard of living in different countries. GDP per capita Nominal GDP Real GDP
Lady bird [3.3K]

The answer is GDP per capita. The Gross Domestic Product just shows the wealth of a nation as  a whole since GDP is the value measure of the all the final goods and services produced over a period of time by a country. GDP per capita shows the average wealth per person (hence involves dividing the GDP of a country by its population).

8 0
3 years ago
Read 2 more answers
An individual is attempting to determine if it is necessary to register as an investment advisor due to the nature of some of th
statuscvo [17]

Answer:

[D]

Explanation:

Based on the information provided within the question it can be said that the Clients being accredited or qualified would not affect registration requirements or exemptions. This is due to Investment Advisors Act of 1940 and Investment Advisor would have to register if they are giving advice about  securities, being compensation, and being the business of giving advice, regardless if the client are accredited or qualified.

4 0
3 years ago
Other questions:
  • You are interested in hiring an ergonomics consultant to evaluate your employees' desks and chairs. You research four consultant
    8·1 answer
  • Elton used a decision rule that says, "only buy well-known brand names" when selecting a television set. he did not look at pric
    14·1 answer
  • Safty nets should be provided where the falling distance is 25 feet or more
    12·1 answer
  • To find an error, you should do all of the following except double-check every entry. find the difference between debits and cre
    13·1 answer
  • Which country is both the top export market and the top supplier for the united states?
    13·1 answer
  • Culver Corporation has retained earnings of $718,500 at January 1, 2017. Net income during 2017 was $1,596,000, and cash dividen
    15·1 answer
  • Your company manufactures small kitchen appliances. It is introducing a new product line of appliances in designer colors with d
    9·1 answer
  • Which of the following requirements must be met for a redemption to be treated as substantially​ disproportionate? A. The shareh
    6·1 answer
  • , is putting together this year's financial statements. He has gathered the following balance sheet information: The firm had a
    15·1 answer
  • Sword and Plough hires army veterans to recycle surplus military materials such as parachutes, sleeping bags, and tents, into fa
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!