Answer:
$84,000
Explanation:
The computation of the ending inventory using the FIFO method under the periodic inventory system is shown below:
Since 7,000 units are on hand which represents the 7,000 units are taken from the August 28 date for $12 each i.e
= 7,000 units × $12
= $84,000
By dividing the 7,000 units at $12 each we can get the ending inventory
The annual sales are changing with 10% each year
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on january 1, you sold short one round lot (that is, 100 shares) of snow’s stock at $21 per share. on march 1, a dividend of $3 per share was paid. on april 1, you covered the short sale by buying the stock at a price of $15 per share. you paid 50 cents per share in commissions for each transaction.
Do you have a picture or anything??
Answer:
B. On the declaration date
Explanation:
Dividend payable are usually advised by management but must be ratified by the shareholders (usually in the annual general meeting) for such to be come recognizable in the books. The date of ratification is the declaration date
As such a corporation record an increase in Dividends Payable on the declaration date.
The right option is B. On the declaration date
