The largest part of a(n) _COMET_____ is its long, glowing tail
<span>larry asks a court to cancel the contract and return the
parties to the positions that they held before its formation. this
request involves a speech skill of 90</span>
From the given original cost and the total accumulated depreciation of the old equipment, it can be seen that the value of the equipment should still be $180,000.
salvage value = $600,000 - $420,000 = $180,000
Given that it can be sold for only $18,000, the sunken cost is $162,000.
sunken cost = $180,000 - $18,000 = $162,000
Answer:
corporation income is also subject to what is called “double taxation,” when the income of the business is distributed to the owners in the form of dividends, because dividends are taxable.
Answer:
c. Debit Retained earnings $6,200; credit Dividends $6,200
Explanation:
The journal entry to record the closing of the dividend account is as follows
Retained earnings Dr $6,200
To Dividend $6,200
(Being dividend account is closed)
While recording this given entry we debited the retained earning account and credited the dividend account so that the proper posting could be done
