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kirza4 [7]
2 years ago
7

The closing entry for dividends involves a debit to ______ and a credit to ______. (Select all that apply.)

Business
1 answer:
alina1380 [7]2 years ago
7 0

The closing entry for dividends involves a debit to <u>A. Retained Earnings</u> and a credit to <u>Dividends</u>.

<h3>What is a closing entry?</h3>

A closing entry is the journal entry at the end of the accounting period so that temporary ledger accounts (mainly income statement items) are moved to permanent accounts (balance sheet items).

<h3>Answer Options:</h3>

A. Retained Earnings; Dividends

B. Dividends; Retained Earnings

C. Dividends; Dividends Payable

D. Dividends Payable; Dividends

Thus, the closing entry for dividends is a debit to Retained Earnings, which is a permanent account, and a credit to Dividends (a temporary account).

Learn more about closing entries at brainly.com/question/13408214

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A restriction on the amount of a good that can enter or leave a country during a certain period of time is called a(n) ________.
Margaret [11]
The answer to your question is here. It is called a "quota." Please don't forget to rate and press the "thanks" button. You're welcome!

8 0
4 years ago
Goods X and Y are complements. If the price of Good X decreases, this will cause a movement ________ the demand curve for Good X
notsponge [240]

Answer:

along, outward

Explanation:

Complementary goods are goods that complement each other in demand. An increase in quantity demanded of one product leads to increase in sand of the other.

For example tea and sugar. Since tea and sugar are taken together, an increase in demand for tea should result in increased demand for sugar also.

So a decrease in X above will lead to increased demand for X which also increase demand for its complement (Y).

An outward shift in Y means that at all prices Y's demand has increased (demand shift outward).

8 0
4 years ago
The supply of loanable funds is upward sloping if the ________ the interest rate, the ________ the share of their incomes that h
Masteriza [31]
B) higher; smaller; greater.
8 0
4 years ago
Crane Company wants to sell a sufficient quantity of products to earn a profit of $100000. If the unit sales price is $9, unit v
Strike441 [17]

Answer:

Break-even point in units= 300,000 units

Explanation:

Giving the following information:

Desired profit= $100,000

Selling price per unit= $9

Unit variable cost= $8

The total fixed costs are $200,000

<u>To calculate the number of units to be sold, we need to use the break-even point in units formula:</u>

Break-even point in units= (fixed costs + desired profit) / contribution margin per unit

Break-even point in units= (200,000 + 100,000) / (9 - 8)

Break-even point in units= 300,000 units

3 0
4 years ago
Using the value-to-book version of the residual income valuation approach, the value-to-book ratio is determined as________.
Alja [10]

Using the value-to-book version of the residual income valuation approach, the value-to-book ratio is determined as <u>one plus the present value of future residual ROCE.</u>

<u />

Residual income is the earnings an individual has left in spite of everything private debts and prices are paid in personal finance. Residual earnings are the extent used to assist determine the creditworthiness of an ability borrower.

Basically, it's for the amount of cash that is left over after making the important bills. Residual income is a crucial metric because it is one of the figures that banks and lenders observe earlier than approving loans.

In monetary surroundings, residual earnings are the money that someone has left over after their charges are included every month. Passive earnings, but, nevertheless has the identical definition in a financial environment that it does in online commercial enterprise surroundings.

Learn more about residual income here brainly.com/question/14262217

#SPJ4

3 0
2 years ago
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