Answer:
a. True
Explanation:
Since Vinny is unmarried also it provides more than the half of the support for his cousin whose name is Gambini and she is doing part time job and made three thousand dollars in a year
So vinny would qualify the household head for flining the status
Therefore the given statement is true
hence, it is not false
Answer:
On November 27
Debit Retained earnings $12,750
Credit Dividend payable $12,750
<em>(To record the dividend declared)</em>
On December 24
Debit Dividend payable $12,750
Credit Cash $12,750
<em>(To record dividend paid) </em>
Explanation:
- Dividends on gains on shares bought by the shareholders. They arise due to appreciation in share price and improvement in company's net income.
- The dividend payable was calculated as $.5 x 25,500 shares = $12,750.
- Dividends are usually paid out of retained earnings.
- The dividend payable account is debited when payment is to be made.
Answer:
b. Paid cash dividends of $13,200 to common stockholders.
Explanation:
Cash flows from financing is the cash gained or spent from raising capital or paying it's investors. It primarily measured flow of cash between a business and its owners and creditors.
Includes the following activities: paying dividends, obtaining loans, issuing and selling stock, repurchasing stocks, and paying long-term debt.
Positive cash flows from financing means the firm gets inflow of cash while negative flow means firm gives out cash.
Paying dividends to stockholders is a financing activity that involves outflow of cash from the firm to its owners.
Answer:
Formally defined, the principles of management are the activities that plan, organize and control the operations .
Explanation:
