Answer: All operate under the general laws of the state of Texas for the operation of county government.
Explanation: County officials are also members of the community, in where they are obliged to pay all necessary taxes as do and also drive on public roads as you do too.
Burn it! (Lol IDK if this question was serious)
Answer: Debit: Litigation expense $300,000
Credit: Litigation liability $300,000
Explanation:
Loss contingency is typically a charge to expense for a future occurence in this case, a lawsuit. A loss contingency simply makes the economic entity to be aware at an early stage of the loss and its likely financial implication.
The entries that Buchanan should record to recognize this loss contingency will be to:
Debit: Litigation expense $300,000
Credit: Litigation liability $300,000
Answer:
The dividend yield is 5.14%
Explanation:
In order to calculate the dividend yield we would have to calculate the following formula:
Dividend yield=Dividend/Beginning value
According to the given data we have the following:
Dividend=$2.50 per share
Beginning value
=$48.60 per share
Therefore, Dividend yield=$2.5/$48.6
Dividend yield=5.14%
The dividend yield is 5.14%
