Answer:
The amount of $25,000 will be recorded as the Cash Dividends
Explanation:
The amount which is to be recorded as the cash dividend is computed as:
Cash Dividend = Number of Shares × Rate per share
where
Number of shares is computed as:
Number of shares = Issued Shares - Treasury Stock
= 30,000 - 5,000
= 25,000
NOTE: No dividend is paid on treasury stocks, so the the shares of the treasury stocks are subtracted.
Rate per share is $1
SO, Putting the values above:
Cash Dividend = 25,000 × $1
= $25,000
Answer:
The solution and complete explanation for the above question and mentioned conditions is given below in the attached document.i hope my explanation will help you in understanding this particular question.
Explanation:
Supply and demand changes the price of eggs
Answer:
Loss of $1,080
Explanation:
The correct journal entries would be:
Dr Accumulated Depreciation 9,010
Dr Cash 2,010
Dr Loss on sale 1,080
Cr Truck (Asset) 12,100
Thus, the correct answer is a loss of $1,080
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