It’s C because it’s balanced
To record the dividend declaration
Ordinary Share Capital $90000
Dividend Payable $90000
to record payment
Dividend Payable $90000
Cash $90000
The amount is derived from the shares issued and outstanding so, the 190000 issued is deducted by 10000 treasury shares because treasury shares are reacquired by the company so it is not an outstanding share, then just multiply the answer with the dividend per share to arrive at $90000
190000-10000shares * $.50 =$90000
The amount that will be recorded as a deferred tax liability during the year is $10800.
<h3>How to calculate the tax liability?</h3>
From the information given, the depreciation for tax purposes during the year was $36,000 greater than depreciation for financial reporting and a 30% tax rate will apply in the future.
Therefore, the amount that will be recorded as a deferred tax liability during the year will be:
= 30% × $3600
= 0.3 × $36000
= $10800
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Dwayne has proper funding for his bicycle shop, but needs assistance on what to do next.<u>The type of assistance needed by Dwayne is Small Business Administration</u>
Explanation:
In U.S. Small Business Administration is a United States government agency that render support the budding entrepreneurs and small businesses houses
The Small Business Administration (SBA) was established in the year 1953 with intention of providing assistance to small business houses ,thus promoting economic growth.
The main function of SBA includes providing counselling and financial aid to individuals trying to start their own businesses.
The assistance of SBA is provided in four main areas:
- Financial aid
- Educating and training individuals
- Providing Government contracts
- Acts as a supporting voice in policy matters.
All the above mentioned programs are aimed to help entrepreneurs start and establish their businesses .