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svet-max [94.6K]
3 years ago
8

Hutter Corporation declared a $0.50 per share cash dividend on its common shares. The company has 30,000 shares authorized, 15,0

00 shares issued, and 12,000 shares of common stock outstanding. The journal entry to record the dividend declaration is:
Business
1 answer:
Natasha_Volkova [10]3 years ago
5 0

Answer:

Dr Retained Earnings $6,000

Cr Common Dividends Payable $6,000

Explanation:

Preparation of the journal entry to record the dividend declaration

Based on the information given we were told that the Corporation declared the amount of $0.50 per share cash dividend on common shares in which 12,000 shares of the common stock are outstanding, hence The journal entry to record the dividend declaration is:

Dr Retained Earnings $6,000

Cr Common Dividends Payable $6,000

(12,000*$0.50)

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Development associates (da) agrees to buy five acres of land from eastside properties for $15,000. eastside fails to go through
Nana76 [90]
$2,000 is the amount of money that the Development associates may recover. When the Eastside fails to go through with the deal on the agreed date, when the market price of the land is $17,000 then the price of the land on the agreed date is only $15,000. So the DA may recover the $2,000.
8 0
4 years ago
Marissa, a college student, and her father, a wealthy businessman, were each considering the purchase of a new automobile. As a
bearhunter [10]

Answer: For Marissa, an automobile was a must she wanted a car before anything.

Explanation: I say this because in the story all she talks about in the story is a car and where she worked at and how she worked on cars, and how shes saving up her money so she can get her, her own car.

3 0
3 years ago
Riley Company paid $60,000 cash to purchase land from Smally Company. Smally originally paid $60,000 for the land. A) Was this e
Veseljchak [2.6K]

Answer:

A. Asset exchange transaction

B. Asset exchange transaction

C. Investing activity

D. Investing activity.

Explanation:

In the question, the Riley company paid cash to Smally company, and the Smally company paid the amount for the land.

So,  

A. For Riley company, it is an asset exchange transaction as the asset exchanges between Riley and Smally company.  

B.  For Smally company it is an asset exchange transaction as the asset are the exchange between Riley and Smally company.

C. Investing activity. As the Riley company deals in the purchase and the sale of the fixed assets.

D. Investing activity. As the company deals in the purchase and the sale of the fixed assets.

4 0
4 years ago
Which of the following statements describes a recurring theme about today's ecological environment?
IrinaVladis [17]

Answer:

Option "C" is the correct answer to the following question.

Explanation:

The ecosystem contains all abiotic features such as temperature, salinity, soil type, or water scarcity, and biotic aspects such as food supply, habitat, pests, pathogens, or information.

Customers are pushing hard for companies to develop goods and services that clearly end up saving energy and provide a common theme regarding today's environment

Therefore "C" is the correct answer.

5 0
4 years ago
For calendar year 2018, Stuart and Pamela Gibson file a joint return reflecting AGI of $350,000. Their itemized deductions are a
Murljashka [212]

Answer:

$71,300

Explanation:

Stuart and Pamela Gibson

Casualty loss $13,600

[$48,600 – (10% × $350,000)]

Home mortgage interest 19,000

State tax 10,000

(18,000 income and 16,300 property

Limited to 10,000)

Charitable Contributions 28,700

Total itemized deductions 71,300

6 0
3 years ago
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