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sleet_krkn [62]
4 years ago
14

A corporation records a dividend-related liability

Business
1 answer:
DanielleElmas [232]4 years ago
7 0
Every corporation needs to recor a dividen-related liability on the declaration date. Have in mind that t<span>he </span>declaration date<span> is the </span>date<span> on which the next dividend payment is announced by the directors of a company.</span> In that date all the limited liability corporations do those records. A target corporation is not a limited liability corporation. 
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The following transactions took place at Five Flags Amusement Park during May. Five Flags Amusement Park must charge 8 percent s
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Answer and Explanation:

The journal entries are given below:

On May 1  

Accounts receivable $1,300

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       To Sales tax liability   ($1,250 ×8%) $100

(Being the sales is recorded on account)

On May 15  

Cash  $3,564

        To Sales revenue  $3,300

        To Sales tax liability  ($3,300 ×8%) $264

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On May 31

Cash $1,300

       To Account receivable $1,300

(Being received payment on account due is recorded)  

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3 years ago
Economists assume that individual decisions will be determined by the output or production costs they create. the output or prod
Igoryamba

Answer:

the trade-offs they creates.

Explanation:

Trade-off is the opportunity cost of taking a particular decision

Opportunity cost of the next best option forgone when one alternative is chosen over other alternatives

For example, if there is a worker who values an hour of leisure at $10 and he is paid $20 per hour. If he has to choose between leisure and working. He would choose to work because the opportunity cost of not working (10) is lower when compared to the opportunity cost of leisure ($20)

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It means that a person has died without a will.

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