Answer:
D. Credit to Salaries Payable for $8,100.
Explanation:
As we know Accrued expenses are those incurred but not yet recorded in the books. Accrued expenses are represented as a liability in the balance sheet.
So we have the year-end adjusting entry as following:
Account Debit Credit
Salaries Expense $8,100
Salaries Payable $8,100
Answer:
The provision passed by the new state giving Edward the choice is called:
a. Open shop agreement.
Explanation:
The open shop agreement allows Edward but does not oblige him to be a union member before he can be hired in the new state. This means that the choice to belong to a union should be made by Edward and not his employer. It is not like a closed shop agreement, where Edward must be required to be a union member to be employed.
Answer:
A. Most stockholders would prefer a cash dividend due to the lower tax rate on dividend income than on capital gain from repurchase.
Explanation:
When you buy stocks or shares in a company you become a shareholder. When that company earns a profit, it may start to pay back some of the money that had been invested in it. These payments are called dividends and they are usually paid in cash.
A cash dividend is funds or money paid to stockholders generally as part of the corporation's current earnings or accumulated profits. The board of directors must declare the issuing of all dividends and decide if the dividend payment should remain the same or change.
The benefit of a share dividend is choice. The shareholder can either keep the shares and hope that the company will be able to use the money not paid out in a cash dividend to earn a better rate of return, or the shareholder could also sell some of the new shares immediately to create his or her own cash dividend.
Answer:
Concentration of Media ownership
Explanation:
Many sad consequences have risen due to this growing trend such as:
1. American media are becoming more loyal to advertisers and government rather than to remain neutral or loyal to the public interest.
2. The elites are controling media information.
Also leading to corporate censorship of the mass media.
Answer:
Letter D is correct. <u>Partnership.</u>
Explanation:
A partnership can be defined as a formal arrangement between two or more individuals whose main objectives are to share the responsibilities of managing and controlling a business and to share profits equally.
The partnership agreement can occur in any enterprise, such as between companies, governments, individuals, etc.
It is important that there is a written partnership contract that determines what the responsibilities, rights and duties of each party are, and that all operations and activities are clearly defined, so that losses, profits and management are shared by all members of the partnership in a well-defined contract.