Answer:
Debit, retained earning for $35000
Credit, common stock for $35000
Explanation:
The journal entry will include debits and credits of the retained earnings and the common stock as well.
The retained earning can be derived by
issued shares = 350,000
share par value = $2
issued stock dividend = 5%
Retained earning = 5 x ($2 x 350,000)
100
= 0.05 x $700,000
= $35,000
Also, common stock equals $35,000.
These values are entered as Debit and Credit respectively.
Cheers
<span>The difference between a high-grade ore and a low-grade ore is the amount of a particular mineral with the the ore. Higher grade ores contain larger amounts of the mineral than lower grades do. Ores can contain different types of minerals such as copper or iron; but the higher the amount of mineral, the higher-grade the ore is labeled.</span>
Based on the given ad, the answer is professional category
of worker. Since, the ad seeks a special education teacher and includes the
signing bonus and other job requirements in order to apply for the job, which
is why the ad is considered to be a professional category of worker.
Answer:
It is an example of subsidiary companies, and occurs when a company is directly or indirectly controlled by another and for that control to exist, it is the property of more than 50% of the shares.
Explanation:
A company is considered the parent of another when it exercises financial, economic and administrative control directly or indirectly, through one or more subsidiaries of its own, or by companies that have a dependency link to the parent company or its subsidiaries, therefore, the subordinate is that company that lacks autonomy simply because it is dominated by a parent company.