1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
blsea [12.9K]
2 years ago
9

Blossom Corporation was organized on January 1, 2019. During its first year, the corporation issued 2,050 shares of $50 par valu

e preferred stock and 102,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2019, $4,625; 2020, $13,500; and 2021, $28,500.
Required:
Journalize the declaration of the cash dividend at December 31, 2021.
Business
1 answer:
kifflom [539]2 years ago
5 0

Answer:

December 31, 2021

Debit : Dividends $28,500

Credit : Shareholders for Dividends $28,500

Explanation:

The Dividends declared present a present obligation by the entity to its shareholders.

You might be interested in
Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one depa
Step2247 [10]

Answer:

The equivalent units of production for October are :

Raw Materials = 423,750

Conversion Costs = 418,500

Explanation:

<u>Calculation of Equivalent Units of Production</u>

1. Raw Materials

Ending Work In Process Inventory (25,000 × 71%)          17,750

Completed and Transferred (406,000 × 100%)           406,000

Equivalent Units of Production for Materials                 423,750

2. Conversion Costs

Ending Work In Process Inventory (25,000 × 50%)        12,500

Completed and Transferred (406,000 × 100%)           406,000

Equivalent Units of Production for Materials                 418,500

3 0
3 years ago
__________ specify future ends and __________ specify today's means.
MAVERICK [17]
Goals specify future ends and plans specify today's means.
7 0
3 years ago
The product is shown without a decimal point. Where should the decimal point be placed?
mojhsa [17]

Answer:

Answer:B Place the decimal point after 2

Explanation:

All you have to do is multiply 3.12 times 4

7 0
2 years ago
Assume an economy is currently engaged in free trade but considering implementing a tariff on its main import, athletic shoes. W
UNO [17]

Answer:

Price - increase

Domestic production- increase

Import- reduces

Producer surplus- increase

Explanation:

A tariff is a form of tax on import or export.

When a tariff is imposed on a good , the price of the good increases.

As a result of the tariff , the amount of the goods imported falls as the imported good is now more expensive. The quantity produced by domestic producers increases as consumers would now start demanding for the domestic good. Tariffs are sometimes enacted to discourage importation and encourage domestic production.

As a result of the price increase, producer surplus increases. The increase in price also increases output. The producer surplus is the difference between the price of a product and the least amount the producer is willing to sell his product.

I hope my answer helps you.

7 0
3 years ago
Under what condition would it be rational for the trading areas of two branch locations to completely overlap?
dolphi86 [110]
When the retailer decides to switch store locations due to loss of a lease on the first store location.
7 0
2 years ago
Other questions:
  • Leo, a resident of Missouri, owns a warehouse in Nebraska. A dispute arises over the ownership of the warehouse with Opal, a res
    11·1 answer
  • A second job interview would most likely be in which stage of knapp's relational model? integrating intensifying bonding experim
    8·1 answer
  • Business writing is more forceful if it uses active-voice verbs. Revise the following sentences so that verbs are in the active
    6·1 answer
  • Computing Cash Flows from Operating Activities (Indirect Method) [LO 12-2] The independent cases are listed below includes all b
    13·1 answer
  • The organization of the federal reserve- the institution that controls our money supply - can be described in terms of a pyramid
    14·1 answer
  • Robert Corp. granted an incentive stock option for 200 shares to Beverly, an employee, on March 14, Year 12. The option price an
    9·1 answer
  • _____ macroeconomists focused on the _____ effects of _____ policy on the aggregate price level, ignoring any _____ effects on a
    8·1 answer
  • Yi Company began operations on January 1, 2013. During 2013, the company engaged in the following cash transactions: 1) issued s
    9·2 answers
  • _______ segmentation is used when the firm can identify a group of consumers with common needs and wants that spans the entire g
    15·1 answer
  • A store has been selling skateboards at the price of $40 per board, and at this price, skaters have been buying 50 boards a mont
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!