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
mihalych1998 [28]
3 years ago
13

How are dividends and dividends payable reported in the financial statements prepared at december 31

Business
1 answer:
Agata [3.3K]3 years ago
4 0

Answer:

1. Dividends are deducted from the Statement of Retained Earnings as dividend expenses.

2. Dividends payable are reported in the Balance Sheet as current liabilities.

Explanation:

Dividends are distributions to the shareholders from earnings (income) after all expenses and taxes have been deducted from the revenue for the period.  Dividends payable are unpaid dividends, which are reported as current liabilities until they are paid for in the next accounting period.

You might be interested in
Three years ago, James Matheson bought 300 shares of a mutual fund for $23 a share. During the three-year period, he received to
pochemuha

Answer:

1350

Explanation:

(300 x 0.70) + (300 x 0.80) + (300 x 26)

= 210+240+7800

=8250

8250- (300 x 23)

8250-6900 = $1350

Therefore his total return for this investment is 1350

7 0
4 years ago
Read 2 more answers
Which section of a proposal identifies the problem and discusses the goals of the project?
gladu [14]

Answer:

Background, problem, and purpose

Explanation:

A project proposal consists of multiple segments. The section titled Background, problem and purpose outlines the context of the project and the problem that it seeks to address. In essence, this section provides a brief overview of the project purpose and the subsequent sections of the proposal add additional details which are relevant to the execution of the project.

6 0
3 years ago
Lueckenhoff Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labo
Rzqust [24]

Answer:

The correct answer is C.

Explanation:

Giving the following information:

Fixed manufacturing overhead cost of $497,000, variable manufacturing overhead of $2.40 per direct labor-hour, and 70,000 direct labor-hours.

T 498:

Total direct labor-hours 80

First, we need to calculate the estimated manufacturing overhead rate for the period:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= (497,000/70,000) + 2.4= $9.5 per direct labor hour.

Now we can allocate the overhead to Job 498:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 9.5*80= $760

3 0
3 years ago
Analyze the graph.
zvonat [6]
The answers to the question above are "increasing places to park bikes, increasing bike-share opportunities, and increasing high-occupancy vehicle lanes" which are the changes that city planners should consider within the city. The graph shows an increase of bicyclist. The graph also shows an increase in the high-occupancy car number. Thus, every plan has to be related to this condition. 
7 0
3 years ago
Read 2 more answers
In an economy, the total expenditures for a market basket of goods in year 1 (the base year) were $5,000 billion. In year 2, the
deff fn [24]

Answer:

The GDP price index for the economy in year 2 is 110.

Explanation:

It is given that the total expenditures for a market basket of goods in year 1 (the base year) were $5,000 billion.

Price of market basket in base year = $5000

In year 2, the total expenditure for the same market basket of goods was $5,500 billion.

Price of market basket in specific year = $5500

GDP price index:

\text{GDP price index}=\frac{\text{Price of market basket in specific year}}{\text{Price of market basket in base year}}\times 100

\text{GDP price index}=\frac{5500}{5000}\times 100

\text{GDP price index}=110

Therefore the GDP price index for the economy in year 2 is 110.

4 0
3 years ago
Other questions:
  • A bond traded at 102½ means that: Multiple Choice The bond pays 2.5% interest. The bond traded at 102.5% of its par value. The m
    13·1 answer
  • Which of these statements about reverse logistics is BEST? A. Reverse logistics systems are usually more cost-efficient than for
    14·1 answer
  • Consider an economy with only two groups of​ people: Wage earners and Goods sellers. If the price level increases by​ 20% while
    5·1 answer
  • The internal rate of return is the: Select one: a. Discount rate that results in a zero net present value for the project. b. Ra
    7·1 answer
  • Adriana only buys doighnuts from her favorite local doughnut shop. what type of good is it?
    8·1 answer
  • Sal’s satellite company broadcasts TV to subscribers in Los Angeles and New York. The demand functions for each of these two gro
    9·1 answer
  • The inventory turnover ratio and days sales outstanding (DSO) are two ratios that can be used to assess how effectively the firm
    14·1 answer
  • Prepare the issuer's journal entry for each of the following separate transactions. On March 1, Atlantic Co. issues 44,500 share
    12·1 answer
  • Click this link to view O*NET's Work Activities section for Heating and Air Conditioning Mechanics and Installers.
    13·1 answer
  • Researchers are always interested in the relationships between or among variables. When two variables are
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!