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MArishka [77]
3 years ago
10

On Mar 3, Lyons Company paid dividends of $1,000. Use your knowledge of what a correct journal entry should look like to identif

y what would be included.
a. Dividends would be debited and listed first.
b. Dividends would be credited and listed second.
c. Cash would be credited and listed second.
d. Dividends expense would be debited and listed first.
e. Cash would be debited and listed first
Business
1 answer:
Anastasy [175]3 years ago
3 0
E:cash would be debited and listed first
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Green Corporation has current earnings and profits of $100,000 and negative accumulated earnings and profits of ($200,000). A $5
Sphinxa [80]

Answer:

False

Explanation:

Green's distribution of $50,000 in to its sole shareholder at the end of the year should be treated as a dividend because Green's total earnings and profits for the year were $100,000.

A distribution from a corporation to a shareholder  can only be treated as a dividend when the corporation made a profit during the current year, or has positive accumulated earnings and profits.

5 0
3 years ago
Better writing helps make your efforts more ___________.A. effectiveB. analyticalC. complexD. None of the above
11111nata11111 [884]

Answer:

A. effective

Explanation:

As more and more one writes better, there will be communication of right message and ideas that will be passed across to the audience. As with other disciplines, continuous practice would make one to be better in terms of writing .There should also be search for knowledge which will assist to develop writing skills.

Through continuous writing, one's writing will be more effective having come across different hurdles. The hurdles here means challenges one would encounter at the beginning but which have now become Surmountable due to continuous practise.

7 0
3 years ago
Harbour View Company common stock has a $30 par value and is currently selling for $65. Industry analysts are predicting dividen
madam [21]

Answer:

The expected rate of return on this stock is 10.31%

Explanation:

The constangt growth model of the DDM approach is used to calculate the price of a share based on the edxpected future dividends from a stock that are growing at a constant rate. The formula for price using constant growth model is,

P0 = D0 * (1+g) / (r - g)

Plugging in the values,

65 = 1.7 * (1+0.075) / (r - 0.075)

65 * (r - 0.075) = 1.8275

65r - 4.875 = 1.8275

65r = 1.8275 + 4.875

r= 6.7025 / 65

r = 10.31% or 0.1031

4 0
3 years ago
Children with asthma can have severe asthma attacks if they catch common
BARSIC [14]

Answer:

All of the above can prevent the spread of infections

Explanation:

Germs are commonly known to be everywhere and can be spread in various ways, such as through the air in sneezes, coughs, or even breaths.

Hence, in this situation, in order to prevent the spread of germs, it is always advisable to carry out the following:

1. Make sure children take antibiotics every time they get sick

2. Wash your hands and children's hands often with soap and water

3. Cover your face with a re-usable handkerchief when you cough or sneeze

Therefore, the correct answer is "All of the above can prevent the spread of infections."

5 0
3 years ago
Moonlight Company sells $ 300 comma 000 of 9​%, 15​-year bonds for 67.0453 on April​ 1, 2018. The market rate of interest
Lubov Fominskaja [6]

Answer:

Interest expense for the year: 33,590.33

Explanation:

face value $ 300,000

rate 9%

time 15 years

issued at   $  201, 136

discount:  $    98, 864

amortization per year under straight-line: the discount is equally distributed for each period

98,864 / 15 = 6,590.33

<u><em>interest expense per year:</em></u>

face value x rate + amortization:

300,000 x 0.09 + 6,590.33 = <em>33,590.33</em>

3 0
3 years ago
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