Answer:
e. Debit Retained earning $49,280 Credit Common stock dividend distributable $35,200
Credit Paid in capital in excess of par value(Common stock) $14,080
Explanation:
The journal entry is as follows:
Retained earnings (3,520 shares × $14)
Dr $49,280
_______ Common stock dividend distributable (3,520 shares × $10)
Cr $35,200
_______ Paid in capital in excess of par value ($49,280 - $35,200)
Cr $14,080
The correct option is, executory.
- Laborers working on a building are promised by their contractors that their wages would be paid at the end of every month. The laborers also in return promise to work from the beginning of the subsequent month. When the laborers have worked for the entire duration of the month and are awaiting their wages at the end of the month, the contract is executory.
<h3>What is the meaning of executory?</h3>
- Something that hasn't been fully executed yet and is consequently still deemed insufficient or uncertain until it is, for example, a contract.
- Anything that is executory has either begun and is not yet finished or is in the process of finishing in order to be fully effective later.
<h3>What is an example of an executory contract?</h3>
- An apartment lease is an illustration of an executory contract.
- Until the end date specified in the lease, both the lessee and the lessor are obligated to make payments and maintain the property.
<h3>What do you mean by executory and non executory contract?</h3>
- For instance, the majority of leases and contracts for the sale of commodities in which the buyer has not made payment and the vendor has not delivered the products are executory contracts.
- If the products have been delivered but the buyer has not made payment, the contract is not in force.
Learn more about executory contract here:
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Answer:
a.asset
b.stockholders' equity
c.expense
d.expense
e.asset
f.asset
g.asset
h.asset
i.revenue
j.liability
k.revenue
l.expense
Explanation:
Assets are economic resources arising from past events, that result in the flow of economic benefits in the future.
Liabilities are present obligation of an entity arising from past event, that result in the outflow of economic benefits.
Revenues and Incomes are increases in Assets and decreases in liabilities.
Expenses are decreases in Assets and increases in liabilities
Equity is the residue that results after deducting liabilities from assets.
Answer:
she may most likely not have a lot more of insurance. 35 thousand dollars is like most of the insurance. bc you pay 300-to maybe 1000? a month on insurance. with that being said if she ever got into a crash, she will most likely not be able to pay for her hospital bills.
Explanation:btw i like ur name lol.
Answer:
Winter Company's total manufacturing costs for the year was $850,000
Explanation:
Manufacturing cost is the cost used to manufacture a product, both direct and indirect cost incurred in manufacturing process are included. It is the total value of material cost, labor cost and overhead cost.
Direct Material Cost = $500,000
Manufacturing overhead applied = $150,000
As we know Manufacturing overhead applied was 75% of direct Labor cost.
Direct Labor cost = Manufacturing overhead applied / 75%
Direct Labor cost = 150,000 / 75% = $200,000
Total Manufacturing Cost = $500,000 + $200,000 + $150,000 = $850,000