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sasho [114]
2 years ago
7

Eastline Corporation had 11,000 shares of $10 par value common stock outstanding when the board of directors declared a stock di

vidend of 3,520 shares. At the time of the stock dividend, the market value per share was $14. The entry to record this dividend is:______.
a. Debit Retained Earnings $49.280 Credit Common Stock Dividend Distributable $49.280
b. No entry is needed
c. Debit Common Stock Dividend Distributable $49,280, credit Retained Earning 549.280.
d. Debit Retained Earnings $35200. cred Common Stock Dividend Distribble $35.200
e. Debit Retained Emming $49.280 credit Common Stock Dividend Darts $35.200, credit Peld in Capital in Bress of Par Value. Common Stock $14,080
Business
1 answer:
andrey2020 [161]2 years ago
3 0

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

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Answer:

False

Explanation:

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For example, sometimes there are very small differences in certain accounts that don't allow a balance sheet to be balanced. If the accounting error is very small, e.g. just a few hundred dollars, then it is not reasonable to have a whole audit team check all the financial statements again to determine what caused the error. An adjusting entry could be made to close the account balances.

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3 years ago
Marla made a spreadsheet in Excel showing the projected costs for a concert she was putting on. What can Marla enter into cell A
aliina [53]

Marla will use the formula to find the updated cost.

=A2-A4-A6-A8-A10

Because A2 is budget and A4, A6, A8 and A10 all are expenses. So she has to budget-all expenses.

So option A=A2-A4-A6-A8-A10 is true.

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A spreadsheet is a computer program that can capture, display and manipulate data arranged in rows and columns. Spreadsheets are one of the most popular tools available with personal computers.

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4 0
1 year ago
Gantner Company had the following department information about physical units and percentage of completion: Ch21_Q64 If material
Basile [38]

Answer:

200,000 units

Explanation:

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Units added during May is

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The Federal Deposit Insurance Corporation was established in 1933, during the Great Depression, to:_________
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Answer:

b) help stop bank failures throughout the United States.

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A bank run can be defined as a situation where bank clients or depositors make withdrawals of their money simultaneously from banks as a result of them being scared or afraid the depository institution will run out of cash (bankruptcy) and become insolvent.

The Federal Deposit Insurance Corporation which is also generally referred to as the FDIC was a New Deal program introduced by President Franklin D. Roosevelt in 1933 and it was designed to prevent bank failures or bank runs and restore the public's faith in the banking system.

Hence, the Federal Deposit Insurance Corporation (FDIC) was established on the 16th of June, 1933 so as to counter or mitigate the problem with bank runs.

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"Which indicator is the best for determining whether a client with Addison's disease is receiving the correct amount of glucocor
oksano4ka [1.4K]

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