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
Dovator [93]
3 years ago
11

Hutter Corporation declared a $0.50 per share cash dividend on its common shares. The company has 20,000 shares authorized, 9,00

0 shares issued, and 8,000 shares of common stock outstanding. The journal entry to record the dividend declaration is ______.
Multiple Choice:
O Debit Common Dividends Payable $4,500; credit Cash $4,500
O Debit Common Dividends Payable $4,000; credit Cash $4,000.
O Debit Retained Earnings $4,000; credit Common Dividends Payable $4,000.
O Debit Retained Earnings $4,500; credit Common Dividends Payable $4,500.
O Debit Retained Earnings $10,000; credit Common Dividends Payable $10,000.
Business
1 answer:
hichkok12 [17]3 years ago
8 0

Answer:

O Debit Retained Earnings $4,000; credit Common Dividends Payable $4,000.

Explanation:

Dividend declared = $0.5 per share

Total Authorized shares = 20,000 shares

Total Issued Shares = 9,000 shares

Total Outstanding shares = 8,000 shares

As outstanding shares are only eligible shares for the dividend payment.

Total Dividend Payment = $0.5 per share x 8000 shares

Total Dividend Payment = $4000

Journal Entry for this event

                                 Dr.             Cr.

Retained Earning    $4,000

Common Dividend Payable   $4,000

You might be interested in
Your ___________ is what you can see without the presence of an obstruction. Line-of-sight Stopping distance Operating space Dis
sineoko [7]

The correct answer should be Line of sight.

What then is your Line of sight?

Your line of sight is the noticeable path of travel from your vehicle to your destination area. This line can be obstructed by a curve, a hill, high-forest wooded zones, large truck or other obstruction that prevents drivers from seeing the vehicle ahead. Therefore, if you cannot see around an obstruction, you should slow down and be willing to adjust your position until you can reestablish a clear line of sight to your path of travel and targeting area.

3 0
3 years ago
According to a survey of American households: The probability that a household owns 2 cars, if annual income is over $25,000, is
vladimir1956 [14]

Answer: 0.48

Explanation:

P(A/B) = P(AnB)/P(B) where:

P(A/B) = The probability of event A occurring given that B has occurred.

P(AnB) = The probability of both events A and B occurring.

P(B) = the probability that event B occurs.

So let

P(A) = Probability that the residents of a household own 2 cars.

P(B) = Probability that the annual household income is greater than $25,000.

The question tells us that

P(A/B) = 0.8

Note that: P(A) = 0.7, P(B) = 0.6.

Since we want to work out P(AnB), because it gives the probability that residents have an annual household income over $25,000 and own 2 cars.

We would Rearrange our initial equation to make P(AnB) the subject formula becoming;

P(A/B) = P(AnB)/P(B)

P(B)*P(A/B) = P(AnB)

So, inserting our probabilities into this equation gives:

0.6*0.8 = 0.48

8 0
2 years ago
The traditional view of american diversity emphasized the concept of assimilation, which for many groups meant?
gregori [183]

The correct answer is true.

Minority communities have been forced to adopt Anglo-American culture and give up their traditions as a result of assimilation.

<h3>In terms of cultural plurality, what is assimilation?</h3>

In anthropology and sociology, assimilation refers to the process through which people or groups with different ethnic ancestries are assimilated into the dominant culture of a community.

<h3>What does assimilating into American society entail?</h3>

Assimilation is a hotly debated idea in which immigrant groups are urged, through social and cultural practices and/or political maneuvers, to embrace the culture, values, and social behaviors of the host country in order to gain full citizenship status.

To know more about Assimilation , visit:

brainly.com/question/14313590

#SPJ4

7 0
1 year ago
The annual percentage yield (apy) is the
tia_tia [17]
Annual interest rate that factors in compounding effects.

Formula: APY = ( 1 + APR/n )^n - 1
4 0
3 years ago
Read 2 more answers
Which of the following is least likely to result in product innovations that have near-term commercial application? Multiple Cho
kaheart [24]
<h2>Basic research is the least likely to result in product innovation that have near-term commercial application</h2>

Explanation:

Basic research, is otherwise called pure research. This is the first step in production innovation. This is followed by "applied research", then "innovation development", then to go for "production-sales-market".

The information gathered here will be very light or a starter. It is not possible to foresee all the outcomes or the benefits which is achieved in the basic research.

We cannot even predict the types of research knowledge which might add a value to the future changes

6 0
2 years ago
Other questions:
  • Black systems sold and delivered modems to white computers for $330,000 to be paid by white in three equal installments over the
    11·1 answer
  • What document is used to make adjustments to an existing sales contract?
    10·1 answer
  • The following selected transactions relate to liabilities of Chicago Glass Corporation for 2016. Chicago's fiscal year ends on D
    10·1 answer
  • 1. Within the past several years, billing processes have become:
    13·1 answer
  • Hushovd Iron Works has collected the following data for its Thunderbolt line of products:Direct materials standard 10 pounds per
    6·1 answer
  • What are the 10 categories of business law?
    9·1 answer
  • In the face of demographic pressures dealing with an aging workforce, many employers try to use _____ among their older workers
    7·1 answer
  • Zokro, a nongovernmental not-for-profit organization, uses the indirect method to prepare its statement of cash flows. In determ
    11·1 answer
  • 1] Using the business idea shown in the extract, discuss in a practical way, how FIVE (5) different techniques of
    8·1 answer
  • What are the two ways that entrepreneurs assess the likely product demand for the proposed product or service they are analyzing
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!