Answer:
None of the choices are correct
Explanation:
We use the par value of stock to determine the dividend instead of the market value of stock.
<u><em>Dividend Calculation :</em></u>
Dividend = 35,000,000 shares x $1 x 1%
= $350,000
<u><em>Journal :</em></u>
Debit : Dividend $350,000
Credit : Cash $350,000
Answer:
A. $950
Explanation:
Proper documentations of payments, purchases and income in any company is very necessary for growth.
From the question, the following transaction occured:
- March 3 => a desk was purchased for $450
- March 22 => another desk was purchased for $500
- March 24 => $400 was paid on account.
To know the amount that ABC should report for desks, the two transaction for desk should be summed and the result will be the amount that should be recorded.
Therefore,
$450 + $500 = $950.
I believe the answer is C because the company shares ( divides) the stock .
Answer:
The answer is (B) The society which Greg belongs is low on social stratification.
Explanation:
To start with, social stratification is the manner which a society categorizes or group people according to social and economic factors like race, education, wealth, gender, income, occupation, derived power and social status.
Since Greg belongs to a society that doesn't prioritize distinction between people and groups, it can be unarguably noted that the society he belongs is low on social stratification. It is even more evident by the fact that the managers of Greg's company - Sonata DCM are from different classes and cultures.
Based on the damages that Kyle's automobile acquired, the automobile insurance that would cover this damage would be a COMPREHENSIVE PHYSICAL DAMAGE. This kind of insurance is what protects your vehicle and since it is comprehensive, other damages including fire and theft could also be covered.