When a company pays dividends a) the dividends account will be decreased with a debit. b) it doesn't have to be cash, it could be another asset. c) the dividends account will be increased with a credit. d) the retained earnings account will be directly increased with a debit.
Q: Cash of $12,000 will be received in year 6. Assuming an opportunity cost of capital of 7.2%, which o...
A: Future value is the amount of to be received or paid in future by taking into account the discountin...
Q: Problem 1 East Company reported the following current assets at year end: Cash 3,200,000.00 Acccount...
A: Current assets are those form of assets which are either in cash or can be converted into cash into ...
Q: In preparing a statement of cash flows, the reconciliation of net income to cash from operating acti...
A: Cash flow statement includes: Cash flows from operating activities Cash flows from investing activi...
Q: Indicate the financial statement on which each of the following items appears: income statement, sta...
A: Balance Sheet includes asset and liability of the Company Income Statement includes revenue and expe...
Q: Klumper Corporation is a diversified manufacturer of industrial goods. The company's activity-based ...
A: Activity based costing means where the product is valued on the basis of actual direct material , di...
Q: nelly as a partner in business. Just before the partnership's formation, Marie books showed the foll...
A:
Q: Record adjusting journal entries for each separate case below for year ended December 31. Assume no ...
A: journal entry help in keeping record of transaction. Transactions may have Debit balance or credit b...
Q: [The following information applies to the questions displayed below.] Carmen Camry operates a consul...
A: Shareholder's Equity: It is important to understand that shareholders' equity (also known as corpora...
Q: An interest-bearing note for 118 days at 6.4% p.a. simple interest has a face value of $4053. If the...
A: An interest bearing note is a loan from the lender to the borrower on which interest is accrued and ...
Q: 0. XYZ Co had the following accounts at the time it was acquired by ABC Inc (see image below). ABC p...
A: The total acquisition cost is the sum of purchase price and transaction cost. Goodwill is calculated...
Q: In 2018, the Board of Trustees of Ayala Foundation designated an amount of current funds for college...
A: solution concept current unrestricted funds current unrestricted funds means the fun...
Q: Karel Inc. was assessed by the BIR for improperly accumulating profits. Karel Inc. reported the foll...
A: Answer: IAET is penalty that is 10% calculated on improperly disclosed income by any assessee. This ...
Q: Grouper had in beginning inventory 2,320 CDs with a unit cost of $7. During March, Grouper made the ...
A: FIFO: FIFO stands for First-In, First-Out. In this method inventory purchased first will be sell ou...
Q: Compute for the amount of gain on reversal of inventory write-down on December 31,2021.
A: Inventory write down method refers to an accounting method which is used by the company to record th...
Q: XYZ Co had the following accounts at the time it was acquired by ABC Inc (see image below). ABC paid...
A: Cost of acquisition means total expenses incurred by entity to acquire new business or assets. cost ...
Q: On January 1, Manning Co. purchases and installs a new machine costing $324,000 with a five-year lif...
A: Depreciation is considered an expense and it is charged against the value of the asset. It can be ca...
Q: nerine College, a private 1 P5,000,000 from alumni for construction of a new wing on the science bui...
A: Restricted Funds These are the funds that are received by a NPO for a specific purpose. So, these fu...
Q: UBERCRUMMIE & FRITCH CO. Formulas/Links: CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INC...
A: Trend analysis – it refers to the incremental change in form of amounts and percentages of any item ...
Q: ABC and XYZ Inc had the following balance sheets on December 31, 2021: (see image below) On January ...
A: Consolidated financial statements are those statements which are prepared for the consolidation of t...
Q: Steven Company provided the following information during the first year of operations: Total mercha...
A: Accounts Receivables means accounts related to those customers to whom credit sales has been made bu...
Q: Accounting Prepare and submit journal entries for the following transactions. Follow the correct for...
A: Journal entry is used to record all the transactions we have done in the business. It helps in maint...
Q: What is Declan's Designs' 2022 total "Common Stock Issuance" to be reported on its Statement of Cash...
A: The cash flow statement is prepared to record the cash flow from various activities during the inclu...
Q: OSLO COMPANY–First Department Production Cost Report – Weighted Average Method For Month Ended May 3...
A: Equivalent units concept is used when opening or ending work in progress is not 100% complete but pa...
Q: In a partnership ABC, engaged in the flowershop business, the liabilities of the partners are as fol...
A: Partnership- Partnership refers to a form of organization that is incorporated under a common assent...
Q: rue or False: Effectiveness is doing the right things of completing activities so that the organiza...
A: The basic meaning of effectiveness in Management is that the concerned person/team has a capability ...
Q: Journalize the transactions for the month of October, assuming the company uses a: - Periodic invent...
A: A periodic Inventory System is a method of ascertaining the inventory by talking an actual physical ...
Q: The Marchetti Soup Company entered into the following transactions during the month of June: (1) pur...
A: Under perpetual inventory system, the cost of goods sold is to be recognized with every sale transac...
Q: Required information [The following information applies to the questions displayed below.] The follo...
A: The bank reconciliation statement is prepared to equate the balances of cash book and passbook with ...
Q: You were able to gather the following from the December 31, 2020 trial balance of Should Corporation...
A: Cash and cash equivalent are shown as a line item on the balance sheet of the entity. Cash and cash ...
Q: How does Depreciation Expense impact Declan's Designs' 2022 Statement of Cash Flows? Question ...
A: Cash Flow Statement - The Cash Flow Statement is the statement that shows the cash inflow and outflo...
Q: Diamond Platinum Silver RM RM RM 8,200.00 Selling price per unit Variable costs per unit: 6,500.00 6...
A:
Q: places and "Percentage" answers to 1 decimal place and and other answers to the nearest whole dollar...
A: The answer is stated below:
Q: QUESTION 12 Snoopy Pty Ltd pays for its employee, Peanut's, home phone bill. Peanut uses the phone e...
A: Fringe benefit tax (FBT) is a tax payable by the companies in lieu of perquisites or benefits they p...
Q: Shari exchanges an office building in New Orleans (adjusted basis of $500,000) for an office buildin...
A: Realized gain = value of office building in Baton Rouge - value of office building in Orleans =$9000...
Q: Explain the relationship of Social and Economic Accounting to Financial What are the features of the...
A: Answer: Social and economic accounting and financial are all related with each other. The basic conc...
Q: On December 1, 2021, ABC Company acquired all the assets and liabilities of XYZ Inc. issuing 100,000...
A: On consolidation of the business goodwill or capital reserve is calculated and is adjusted in the bo...
Q: Black pens produces 12,000 units of gel pen T50 annually at a total cost of 270,000 Direct materials...
A: Relevant costs: =Direct materials+Labor cost+Variable overheads +avoidable fixed overheads +Revenue ...
Q: E11-2 Recording note payable transactions [5–10 min] Record the following note payable transactions ...
A: Journal entries are the initial step of accounting cycle process, under which atleast one account is...
Q: Design a salary slip for the month of December 2021
A: Salary slip is the slip which is given to the employee in which it is clearly stated about how much ...
Q: ABC and XYZ Inc had the following balance sheets on December 31, 2021: (see image below) On January ...
A: This question is related to a business combination. We have to determine first the Goodwill or gain ...
Q: Mielé Appliances estima warranty payablé of Duri 2017, Miele made sales of $100000 and expects produ...
A:
Q: Factory Overhead 4,000
A:
Q: In 2015, Byron was granted 1,000 stock options by his employer, Buxton Corporation. The options vest...
A: Taxable income is the portion of an individual's or a company's income that is used to determine how...
Q: if the value implied by the purchase price of an acquired company exceeds the fair values of the ide...
A: Acquisition refers to purchase of a company by another company by paying purchase consideration in e...
Q: Lancelot is a dealer of household appliances. He reported the following in 2019 and 2020: 2019 20...
A: Gross Income: For families and individuals, net pay is the amount of all compensation, pay rates, be...
Q: Patron Bhd. is a company operating in an upstream exploration and production, focusing on the acquis...
A: As per Bartleby's guideline, three subparts of a single question have been solved. This question is ...
Q: if we produce goods over the capacity, should we consider the fixed marketing cost and variable mark...
A: Fixed marketing costs is fixed costs related with the marketing of the product and this will not be ...
Q: d. income 18. The source for preparing the schedule of accounts payable is the a. purchase invoices....
A: 18. A schedule of accounts payable constitutes the balance owed by the entity to various suppliers ...
Q: Using a flexible budgeting approach how do I prepare a performance report for the current department...
A: Flexible Budget in Manufacturing overhead Using the flexible budget in the manufacturing overhead to...
Q: If the future value of an ordinary, 7-year annuity is $6,500 and interest rates are 8.5 percent, wha...
A: Future value (FV) = $6500 Interest rate (r) = 8.5% Period (n) = 7 Years
|
>Dividends are the payments made to the stockholders for the amount invested by them in form of common or preferred stocks. |
|
>Preferred dividend is usually paid out at speicified dividend rate that is pre-fixed. |
|
>Common dividend is paid at variable rate of dividend. |
|
>Dividends can be Cash Dividend, Property Dividend or Stock dividend. |
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- What is accounts receivable? Is it something good? I see these things called current assets and current liabilities What are they? Why show them? I still don’t understand what the Statement of Retained Earnings is all about and why do I need it. What is retained earnings? What is that thing called a dividend? Is it an expense?Which one of the following will decrease net working capital? Select one: a. A decrease in accounts payable. b. A sale of inventory at a profit. c. A sale of a fixed asset for cash. d. An increase in accounts receivable. e. An increase in accounts payable.Which of the following is correct? Select one: a. Unearned revenues are considered increases to stockholders' equity. b. Working capital is measured as current liabilities minus current assets. C. Unearned revenues will eventually become revenue earned. d. Working capital increases when a company pays the principal on a long-term note.
- What is accounts receivable? Is it something good? I see these things called current assets and current liabilities. What are they? Why show them? I still don’t understand what the Statement of Retained Earnings is all about and why do I need it. What is retained earnings? What is that thing called a dividend? Is it an expense? How would you respond to each of these questionsIf a company borrows more than it pays in interest. Select one: a.Cash flow to stockholders will be negative b.Cash flow to creditors will be negative O c.Cash flow to stockholders will be positive O d.Cash flow to creditors will be positiveIf a company shows a profit on its Income Statement, how will this affect (a) the Balance Sheet and (b) Cash Flow?
- 1)What is accounts receivable? 2) Is it something good? 3) I see these things called current assets and current liabilities. What are they? 4) Why show them? 5) What is retained earnings? 6)What is that thing called a dividend? 7) Is it an expense?How can you tell by looking at a company's Statement of Cash Flows if the company is borrowing more money or paying back more debt?Which of the following statements is TRUE? 1) The purchase of assets increases income and therefore increases profits. 2) Borrowing cash increases income and therefore increases profits. 3) A change in how assets and liabilities are measured will change the amount of income and expenses being recognised, and therefore will create changes in reported profits. 4) All of these choices
- Which of the following transactions would result in an increase in capital employed? A. Paying a trade payable in cash B. Writing off a bad debt C. Purchasing on credit D. Repaying a loan E. Selling inventory at a profit F. Increasing the bank overdraft to purchase a non - current assetsome examples for these conditions؟ Purchase and sale of assets Increase or decrease in cash & cash equivalent Increase or decrease in accounts receivable. Increase or decrease in investments. Increase or decrease in value of intangible assets. Increase or decrease in notes payable. Increase or decrease in capital or drawing of the company. Increase or decrease in retained earnings Increase or decrease in share premium or share discount. Increase or decrease in overdraft Increase or decrease in long-term loans.6.On a statement of financial affairs, a company's liabilities should be valued at Select one: a.the present value of future cash flows. b.the amount expected to be paid if the company could honor its debts. c.net realizable value. d.the amount required for settlement. e.replacement cost.