The journal entry for this transaction is
Account payable (Dr) 5000
Cash. (Cr) 5000
So the answer is
a. assets decrease by $5,000 and liabilities decrease by $5,000.
Hope it helps!
Answer:
Explanation:
The journal entries are shown below:
a. Deferred tax asset A/c Dr $30,000 ($450,000 × 40% - $150,000)
Income tax expense A/c Dr $298,000
To Income tax payable $328,000 ($820,000 × 40%)
(Being the income tax expense, deferred income tax is recorded and the remaining amount is debited to the income tax expense account)
b. Income tax expense A/c Dr $45,000
To Deferred tax asset - valuation adjustment $45,000
(Being income tax expense and valuation account is recorded)
One of the ways in which young entrepreneurs can have access to low cost distribution is helped by the use of App stores.
<h3>What is Low-Cost Distribution?</h3>
This refers to the business strategy where a business tries to offer a low pricing in order to ensure that they remain competitive.
With this in mind, we can see that to facilitate market distribution, there has been the use of app stores to ensure that young entrepreneurs are successful with their low cost distribution.
Read more about low cost distribution here:
brainly.com/question/25824209
Business casual, you don't want to look too fancy, or anything.
Answer:
required return on the company's stock = 11%
Value of each share =$88.51
Explanation:
The constant growth model states that . If ke is made subject of formular, .
This implies that ke= dividend yield plus growth rate = 6%+5%=11%. Therefore the required return on the company's stock = 11%
Values of each share = .
where
and P3=
Value of each share = = 88.51