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7nadin3 [17]
2 years ago
15

ordan Industries declared a $0.90 per share cash dividend. The company has 180,000 shares authorized, 61,000 shares issued, and

58,000 shares of common stock outstanding. What is the journal entry to record the dividend declaration
Business
1 answer:
Sophie [7]2 years ago
6 0

Answer:

Dividend = 58,000 * $0.90

Dividend = $52,200

Date   Account titles and Explanation      Debit       Credit

          Dividend declared                            $52,200

                 Dividend payable                                       $52,200

           (To record the dividend declaration)

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Galina-37 [17]

Answer:

c. Universal Computer Corp.’s purchase of a competitor’s subsidiary.

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Consider the following definition.

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3 0
3 years ago
Amelia started an online jewelry business. She is the only owner. This is an example
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limited liability company

5 0
2 years ago
Homeyer Corporation has provided the following data for its two most recent years of operation: Selling price per unit $ 71 Manu
Alex

Answer:

Net operating profit= 102,000

Explanation:

Giving the following information:

Selling price per unit $ 71

Manufacturing costs:

Direct materials $ 12

Direct labor $ 6

Variable manufacturing overhead $ 3

Fixed manufacturing overhead per year $ 264,000

Selling and administrative expenses:

Variable selling and administrative expense per unit sold $ 4

Fixed selling and administrative expense per year $ 74,000

Year 1

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Year 2

Units in beginning inventory 3,000

Units produced during the year 12,000

Units sold during the year 14,000

Units in ending inventory 1,000

Unitary cost= (12 + 6 + 3) + (264,000/11,000)= $45

Income statement:

Sales= (8,000*$71)= 568,000

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4 0
3 years ago
Rent controls force landlords to price apartments below the equilibrium price level. An immediate effect is a shortage (excess d
IrinaK [193]

Answer:

Option (a) and (c) are correct.

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3 years ago
If you focus on the present now, instead of focusing on your future concerns, you will be able to __________.
dalvyx [7]
Answer:

D

Explanation:
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