Answer:
Explanation:
Corporate level tax on $200,000 is $61,250
Cash(After Corporate tax)= 
Individual tax on $138,750(15%)=
Hence, net after tax cashflow :
Answer:
d. debit Retained Earnings, $3,000; credit Dividends, $3,000.
Explanation:
The journal entry to close the dividend account should be
Retained earnings Dr $3,000
To Dividend $3,000
(being the closing of the dividend account is recorded)
here the retained earning is debited as it decreased the stockholder equity and dividend is credited as it is closed
Answer:
Explanation:
The journal entries are shown below:
On Declaration date
Retained Earnings A/c Dr $4,000,000 (400,000 shares × $10)
To Common Stock Dividend Distributable A/c $4,000,000
(Being dividend is declared)
On distribution date:
Common Stock Dividend Distributable A/c Dr $4,000,000
To Common Stock A/c $4,000,000
(Being the dividend is distributed)
Answer: C. 1200 hour
Explanation:
It is indeed 1200 hours because the units produced increased by 20% and therefore, theoretically, so should the time.
Answer:
The decision making skill because it's hard for a judge to make the right decision.
