Answer:
See the journal entry below
Explanation:
Retained earnings A/c Dr $500,000
Dividends payable A/c Cr $500,000
Here, cash dividend is being declared by the board on 100,000 shares hence the account of retained earnings is debited and account of dividends payable is credited.
NB.
Amount = Share × Price per share
Given that;
Share = 100,000
Price per share = $5
Amount
= 100,000 × $5
= $500,000
Answer: C. The court concluded that Microsoft violated the Sherman Act
Explanation: The case between United States v. Microsoft Corporation which took place at the
United States Court of Appeals for the District of Columbia Circuit during the period February 26–27, 2001 and was finally decided June 28, 2001.
It was decided by the District Court that Microsoft violated the Sharma Antitrust Act of 1890.
Answer:
You get the highest net income in year 2 with <u>Units-of-production method.</u>
Explanation:
Schedule of depreciation expense, accumulated depreciation, and book value per year for the equipment under the three depreciation methods is attached.
<u>Straight-line
</u>
Depreciation expense 2nd year=$5.000=(Original Value -Residual Value)/Useful life
<u>Units-of-production
</u>
Units of Production Rate=2.5=(Original Value -Residual Value)/estimated productive life
Depreciation expense 2nd year= 7250
<u>
Double-declining-balance.
</u>
Depreciation rate 20,00% 1/useful life *100
Depreciation expense 2nd year= 6720
Answer: Invention
Explanation: An invention is the creative ability of an individual to make something that has not been made before.
It is also a process of creating an item, service or something that has not been seen or used before.
The Engineer at 3M made a new product concept called Post-It notes by applying adhesive glue to small pieces of paper is a new invention.
Answer:
) $275,000
Explanation:
The charge per square foot is $5.
The total square feet leased
=275ft x 200ft
=55,000 square ft.
The total cost of the annual rent is
=55,000 x $5
=$275,000