Answer:
The correct answer is $ 41,000.
Explanation:
This problem requires us to calculate the amount of cash dividend that will be reported in the financing section of the statement of cash flows. In statement of cash flow the dividend paid in cash during the period is reported. Dividend declaration in not relevant as far as statement of cash flow is concerned.
Cash dividend to reported is calculated as follow.
Dividend payable opening balance = 10,000
Divdend declared = 42,000
Dividend payable closing balance = (11,000)
Dividend paid = 41,000
Answer:
A decrease in the balance of retained earnings.
Explanation:
Treasury stock transactions might cause: A decrease in the balance of retained earnings.
Treasury stocks refer to a transaction of redemption of shares. which is when a company buys back its own shares. This transaction leads to a reduction in the number of shares reported in the balance sheet and also retained earnings.
<u>The logic is that the company would have to use its own retained earnings to buy back its own shares.</u>
<u>This explains why treasury stock is subtracted from shareholders equity of which retained earnings is part, in the balance sheet.</u>
Answer:
Credit is the provision of money or bills, based on a loan agreement between the bank and another party that requires the borrower to carry out the amount of interest in return
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Answer:
If you ask if the amounts are correct, I will tell you, yes, they are correct. If anything else, can you explain?
Answer:
Okay what if you used Apple, Samsung, and Microsoft or even google
Explanation:
If you use these company the advantages and disadvantages are easy to answer. Example for advantages: Apple has many advantages like people spend lots of money every year for the updated model of there technology.
Example of a disadvantage: Apple battery life is not that good so lots of people spend more money to go get a new battery.
Example of a advantage for Samsung: There battery life lasts long than apple.
Example of a disadvantage:There camera quality is really bad I mean have you seen people make Tik toks with a Samsung.
Im sure you could do the rest on your own its not that hard once you get it like im in middle school good luck to you my friend