Answer:
The net journal entry impact on company's retained earnings is $1400,000 credit.
Explanation:
When the dividends were declared on December 15,the following entries apply:
Dr Dividends $1600000
Cr Dividends payable $1600000
However,upon closing the dividends to retained earnings the below journal entries apply:
Dr Retained earnings $1600000
Cr Dividends $1600000
It is noteworthy that the stock-split does not impact the dividends or retained earnings of $3m in anyway.
Since,journal entries for temporary accounts are closed to retained earnings,invariably the net income of $3m in year 2 must also be shown in retained earnings using journal.
Dr Income statement $3000000
Cr Retained earnings $3000000
From the above,a debit of $1600000 and credit entry of $3000000 in retained earnings gives a credit balance of $1400000
Answer:
- <u>The numbrer of performance obligations is equal to the number of new subscribers.</u>
<u></u>
Explanation:
Each <em>new subscriber </em>generates a<em> performance obligation</em>, as the automotive magazine provides a coupon to each new subscriber, and each coupon is a promise to provide the discount.
A perfomance obligation is a contractual promise to provide a “distinct” good or service to a customer" (taken from the internet).
Whether or not the an obligation will be recognized or not will depend on whether the subscriber uses the coupon or not, but that does not depend on the will of the automotive magazine: they are obliged to provide the discount to every subsriber that uses the coupon (within the terms of the contract).
Thus, since each coupon is a contract, each one is a performance obligation.
The correct answer is C. Highly motivated IT, college graduate, with software design internship. Experience with Java, XML, and HTML. Logical and systematic problem-solver; capable of independently troubleshooting and performing complex coding tasks.
Explanation:
Qualification profiles should mention the qualifications of a candidate for a specific job or position. This includes information about the education, skills, and even experiences of the individual. Moreover, a qualification profile should be brief and should be written using the third person.
All of these requirements are met only in option C because this includes information about education "IT college graduate", experience "experience with Java, XML..." and relevant skills for this job "problem-solver, capable of independently troubleshooting...". Also, this is brief but still includes more information about qualifications than other options. Finally, this is written using the third person as the author avoids the use of words such as "I".
Answer:
D. Has not committed an unethical act since the loan was documented in writing.
Explanation:
Section 102 of the Uniform Securities Act of 1956 specifies that it is unlawful and unethical for an investment adviser representative to enter into a contract with a client except it is provided in writing that he does not stand to gain any financial profit, that no assignment of the contract would be made without the consent of the other party, and that if there is any change in the membership of the contract, the other party would be notified.
So, if the contract was documented between the investment adviser and the client, then it would not be unethical conduct.
