Answer:
b) cash 1000
account receivable 1000
Explanation:
Since in the question it is given that the company received payment from one of his customers on August 5 for the service performed on July 21
So under the accrual basis accounting, the journal entry is as follows
Cash Dr $1,000
To Account receivable $1,000
(Being the payment received is recorded)
While debiting the cash and credited the account receivable
The aggregate demand curve shifts to the right
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Answer:
b. $55,000
Explanation:
The movement in the dividend payable account which represents the difference between the payable opening an closing balances. This difference is due to dividend paid during the year as well as dividend declared and can be shown by the equation below.
Opening balance + Declared dividend - dividend paid = closing dividend
$20,000 + $60,000 -dividend paid = $25,000
Dividend paid = $20,000 + $60,000 - $25,000
= $55,000
Answer:
1. Breast cancer is the fifth most common cause of cancer death. Positive statement
2. For women aged 60 to 69, breast cancer screening significantly reduces breast cancer mortality. Normative statement
3. Doctors should encourage women aged 60 to 69 to be screened for breast cancer. Normative statement
4. The government should force doctors to encourage women aged 60 to 69 to be screened for breast cancer. Normative statement
Explanation:
Normative statement usually expresses a value judgment. They are opinion based. It depicts whether the given statement is desirable or not. Statements 2, 3 and 4 are normative statements because they are giving values and passing judgement about when women should be screened breast cancer. It gives age group reference 60 to 69.
Positive statement are fact based. Just like statement 1 which gives the fact that breast cancer is fifth most common cause of cancer death.