Answer:
$700
Explanation:
The computation of the average dividend amount paid is as follows:
Total net income for first four years is
= $6,000 + $4,000 + $7,000 - $3,000
= $14,000
And, the ending retained earning balance after 4 years is $11,200
So, the dividend payment would be
= $14,000 - $11,200
= $2,800
For per year it would be
= $2,800 ÷ 4 years
= $700
What is the question you are asking
Answer:
architectural drafter draw structural features and details for buildings and other construction projects while an architectural illustrator is an artist who created imagery for the design professional that accurately portray the details of an architectural project.
Answer:
a. Interest income from bond investment
- intercompany transaction gains or losses are eliminated when preparing consolidated financial statements
b. Interest expense on bond payable
- intercompany transaction gains or losses are eliminated when preparing consolidated financial statements
c. Gain (loss) on constructive retirement of bond payable
- gain on retirement of bond = $1,070,000 - $996,000 = $74,000
d. Consolidated net income
- consolidated net income = income from parent company + income from subsidiary + net gain from retirement of bond = $630,000 + $420,000 + $74,000 = $1,124,000
