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boyakko [2]
3 years ago
5

The entry to pay a previously declared dividend of $.25 per share on 12,500 outstanding shares of common stock requires a:

Business
1 answer:
DedPeter [7]3 years ago
6 0

Answer:

debit to dividends payable for $3,125

Explanation:

Based on the information given the journal entry to pay a previously declared dividend of the amount of $.25 per share on 12,500 outstanding shares of common stock requires a:

Debit to dividends payable for $3,125

Calculated as:

Dividends payable =Dividend of the amount of $.25 per share *12,500 outstanding shares of common stock

Dividends payable=$3,125

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Brooks Co. purchases debt investments as trading securities at a cost of $66,000 on December 27. This is its first and only purc
Thepotemich [5.8K]

Answer:

                                                  Dr.               Cr.

December 31

*Securities FV adjustment      $6,000

Unrealized Gain                                       $6,000

January 3

Cash                                         $4,000

Securities FV adjustment                        $1,000

Trading Securities                                    $3,000

* Securities FV adjustment is a sub asset account of trading securities.

Explanation:

Trading security are reported on its fair market value at each period end. The gain or loss should be recorded.

Dec 27, Purchase price = $66,000

Dec 31, Fair value = $72,000

Unrealized gain = $72,000 - $66,000 = $6,000

3 0
4 years ago
Are export tariffs illegal in the United States?
scoray [572]

Answer:

yes, however, it is legal if congress gives consent.

Explanation:

Article I, § 10, clause 2 of the United States Constitution, known as the Import-Export Clause, prevents the states, without the consent of Congress, from imposing tariffs on imports and exports above what is necessary for their inspection laws and secures for the federal government the revenues from all tariffs on imports and exports. Several nineteenth century Supreme Court cases applied this clause to duties and imposts on interstate imports and exports. In 1869, the United States Supreme Court ruled that the Import-Export Clause only applied to imports and exports with foreign nations and did not apply to imports and exports with other states, although this interpretation has been questioned by modern legal scholars.

5 0
4 years ago
Read 2 more answers
Yoko is trying to explain to one of her ticket counter associates the differences in price associated with concert tickets. She
Rashid [163]

Answer:

The correct answer is letter "A": Product line pricing.

Explanation:

Product line pricing refers to the separation of prices of goods according to their benefits and quality. The differences between one and another make prices go up ar down. More often, the higher the price the greater the benefits the product gives to consumers.  

Therefore, <em>Yoko is talking about product line pricing by describing how the lowest-priced tickets of the concert are for least-desirable seats while the highest-priced tickets are for the most-desirable seats.</em>

3 0
4 years ago
A firm that is pursuing _____ strategy is simultaneously trying to achieve low costs through location economies, economies of sc
vitfil [10]

Answer:

Transnational

Explanation:

A transnational procedure is a lot of arranged activities characterised by an organisation to have tasks in business sectors abroad. This term applies to the strategies and structures that enable a firm to start and keep up capacities in outside nations while protecting focal coordination at one explicit area. This particular strategy is applied by the company to achieve economist of scale and economise.

6 0
3 years ago
The balance sheet indicates what an organization owns or controls and the various sources of the funds used to pay for these ass
blagie [28]

Answer:

The correct answer is the option A: True.

Explanation:

To begin with, in the economics science field and the accounting theory the concept known as the balance sheet refers to a particular report that the managers have to do and understand in order to keep the control of everything inside the organization because it basically shows what the company posses, what it owns and to who it owns it with the characteristic of emphasizing it in a determine duration that could commonly be a year. Moreover it is separated in two main sides, the assets and financing, with this last one separeted in liabilities and owner's equity.

4 0
3 years ago
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