Answer:
Salah
Cash Dividends during Year 2:
= $84,400
Explanation:
a) Data and Calculations:
Dividends Paid:
Year 1 Retained earnings = $587,400
Year 2 Net Income = 191,000
Year 2 Retained earnings = (694,000)
Dividends paid = $84,400
b) Salah paid dividends worth $84,400. These represent the difference between the beginning retained earnings with the year 2's net income and the year 2's retained earnings. It is a reduction of the retained earnings after adding the net income for the year.
Answer:
Our company will recognize the loss on its next statement date.
Explanation:
The exchange rate between two currencies is the rate at which one can be exchanged for the other during trade.
The stronger a currency the less of it will be involved in the exchange, while the weaker the currency the more of it will be required in the exchange.
In this instance the transaction is Euro based. When the payable was incured the rate was $1.2 to €1.
Now the rate has increased to $1,27 per €1. This implies that the company will lose 1.20 - 1.27= -$0.07 per every Euro.
This loss will be recorded on the next statement date.
$5,500
This is the maximum deductible contribution for people under 50 in 2016, 2017, and 2018 tax years. (For people 50 and over, the max deductible is $6,500)
It should be classified under sarcodina, because it has an amoeboid body.
Answer:
A corporation
Explanation:
A corporation is a form of business ownership recognized as a separate entity from its owners. The law treats the corporation as a legal person entitled to engage in business, enter into contracts, owe properties, own properties, sue, or be sued. The owners of a corporation, known as the shareholders, share in its profits by receiving dividends yearly.
Juan should invest his money in a corporation as it is the only form of business ownership that meets his criteria. As a shareholder, he will not be involved in managing the business. Juan will only participate in board members elections who, in turn, will appoint the management team. Juan does not need to worry about price fluctuations of debts instruments because, as a shareholder, he is an owner of the business and not a creditor. Juan will receive his share of profits if the business performs well, regardless of price fluctuations of the corporation's debts instruments.
