Answer: debit to Dividends Payable.
Explanation:
When the dividend was declared in July 15, the dividend amount was debited to the Retained earnings to show that it was being taken from Retained earnings. It was then credited to Dividends payable to show that the company owed dividends to its shareholders.
On August 15, this liability will be paid off when the dividends are paid and so the Dividends Payable account will be debited to reflect this.
Answer:
Work in process account= $76,680
Explanation:
Giving the following information:
Balance in work in process on May 1 $57,600
Direct material costs for May $89,200
Overhead applied at a rate of 120% of direct labor dollars
Direct labor= $76,500
Jobs completed during May and transferred to finished goods inventory was $242,420
Work in process account= Beginning work in process+direct materials + direct labor + manufacturing overhead - Jobs completed during May
Work in process account=57600 + 89200 + 76500 + (76500*1.20)- 242420
Work in process account= $76,680
This is known as in-sample forecast. It estimated the model using all available data and then comparing it to the model's fixed values to the actual realizations. But, this method is known to attract an overly positive picture of the model's forecasting ability since common fitting algorithms tend to take pains to avoid big prediction errors and are also inclined to overfitting (mistaking noise for signal in the data).
I’m not sure what this question is talking about..... I will get back to you later on this let me rethink it
This is an example of release. Group of answer choices release rescission novation waiver arbitration.
- A waiver happens when a party purposefully renounces their ability to enforce a contract.
- A release is created when one party declares the other side is not required to fulfill its obligations.
- Damages are amounts given as compensation for costs directly suffered as a result of a contract breach, such as costs incurred from another source.
- The fundamental components necessary for the agreement to be a valid offer and acceptance, adequate consideration, capacity, and legality are: mutual assent, expressed through a contract-compliant offer.
What are the laws of contract?
- The area of law that deals with creating and upholding contracts is known as contract law.
- An agreement that can be upheld by a court is referred to be a contract.
- The body of legislation known as contract law regulates the formation of contracts, their performance, and the creation of just reparations in the event of a breach.
Learn more about laws of contract
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