States give powers to corporations through state incorporation statutes and through each corporation's articles of incorporation.
Articles of incorporation, also known as a certification of formation or charter, are a series of papers submitted to a government agency in order to formally record the formation of a corporation.
General information about the corporation, such as the company name and location, is contained in these legal documents.
The bylaws of a corporation, which define its rules and regulations and assist define the responsibilities of its directors and officials, are frequently confused with the articles of incorporation.
The articles of incorporation and the bylaws together constitute the foundation of the company's legal structure. The importance of articles of incorporation lies in the fact that they create a company inside its home state and inform the state of critical elements of the enterprise.
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what is the reading about?
On May 20, White Repan Service extended an offer of $108,000 for land that had been priced for sale at $140,000 On May 30 White Repair Service accepted the sellers counteroffer
of $115.000. On June 20. the land was assessed at a value of $95 000 for property tax purposes On July 4 White Repair Service was offered S150.000 for the land by a national retail
chain At what value should the land be recorded in White Repair Service's records?
Answer:
$115.000.
Explanation:
As per the guidelines of the generally accepted accounting principles, assets should be recorded at their acquisition price. The value to be recorded is the price paid for the asset.
For White Repan Service, the amount they paid for the land was the counteroffer from the seller. White Repan Service paid $105,000 for the land. The value to be recorded should be $105,000.
Following a systematic plan for the preparation of an e-mail, memo, letter, or oral presentation will make the composition process easier and will help you create more effective business messages. The writing process for business messages includes prewriting, drafting, and revising. Which of the following are steps involved in the prewriting phase of the writing process? Check all that apply. Analyzing Drafting Anticipating Researching Adapting Editing
Answer: Analyzing
Anticipating
Adapting
Explanation:
The writing process for business messages includes prewriting, drafting, and revising. We should note that the steps involved in the prewriting phase of the writing process:
• Analyzing
• Anticipating
• Adapting
The drafting phase is made up of:
• Researching
• Organizing
• Drafting
The revising phase include:
• Editing
• Proofreading
• Evaluating
Which option is an example of capital as a factor of production?
A. A government increasing taxes
B. An artist painting a picture
OC. A tree used to make paper
D. An industrial assembly line
The example of capital as a factor of production is D. An industrial assembly line
What are factor of production?In economics, factors of production can be regarded as the resources, as well as the inputs which serves as those things that is used in the production process to produce output.
It shoud be noed hat hese are needed in the manudacture of the goods and services however there are various was that these factors are been used, the various inputs determine the quantity of output with respect to the relationship called the production function.
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Which motive might have prompted Aaron to join the credit union?
The motive that might have prompted Aaron to join the credit union is to work for the development of the members. Thus the correct option is E.
What is a credit union?A cooperative organization that provides services to those who are prepared to accept the obligations and advantages of participation without causing any prejudices are referred to as Credit Union.
Working for its membership's common advantage, progress, and support is the fundamental goal. With low-cost savings and checking accounts as well as other services, it attempts to improve the well-being of its members.
Therefore, option E is appropriate.
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The complete question is Pobably
Aaron has recently started working at a credit union. Which motive might have prompted Aaron to join the credit union?
A. to earn profit
B. to sell the organization’s stocks in the financial market
C. to reduce the organization’s office rent expense
D. to give the control of the organization to an external individual
E. to work for the development of the members
name three benefits of being a for-profit business
Answer:
Owner Income
Owner Income
Company Morale
Explanation:
hope this helped please give brainliest.
Analysts estimate that a bond has a 40 percent probability of being priced at $950 and a 60 percent probability of being priced at $1,050 one year from today. The bond is also callable at any time at $1,010. What is the expected value of this bond in one year?
A) $1,000
B) $980
C) $1,010
D) $995
E) $986
Answer:
E) $986
Explanation:
The computation of the expected value of the bond in one year is shown below;
= (Probability × Price of bond) + (Probability × Callable price bond)
= (0.4 × $950) + (0.60 × $1,010)
= $986
Hence, the expected value of the bond in one year is $986
Therefore the correct option is E.
Oak wholly owns a material subsidiary, Birch. Birch has a material 30% interest in Willow. Oak also owns 40% of Beech, which is
material to Oak. Birch is an IESBA Public Interest Entity audit client.
Which of the following would be restricted entities?
Oak, Birch, and Willow
Birch and Willow
Oak, Birch, Willow and Beech
Birch, Willow and Beech
Confirm
According to IESBA Public Interest Entity audit client rules, the restricted entities are D. Birch, Willow, and Beech.
What is an IESBA Public Interest Entity audit client?According to the IESBA Public Interest Entity audit client guidelines, the restricted entities included Birch, Willow, and Beech.
The restricted entities have income that exceeds 10% of the consolidated incomes of the auditing firm, and they are legally related entities.
Data of Ownership Interests:Oak in Birch = 100%
Birch in Williow = 30%
Oak in Beech = 40%
Thus, the restricted entities, according to IESBA Public Interest Entity audit client rules, are D. Birch, Willow, and Beech.
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Explain how political and international factors pose challenges to businesses.
Answer:
Synonyms:complicated, difficult, complex, elaborate, confused, confusing, incomprehensible, intricate, contorted, involved
Antonyms:straightforward, simple, make sense, understandable, intelligible, apparent, easy, evident, clear-cut, manifest
Entry:decadence
Synonyms:indulgence, self-indulgence, sybaritic, epicurean, extravagance, weakness, fun-loving, for fun, for a laugh
Entry:evil
Synonyms:the Devil, satanism, black mass, the forces of darkness/evil, satanic, Old Nick, horn, Satan
Entry:two-edged
Synonyms:mixed, patchy, spotty, mixed blessing, six of one, (and) half a dozen of the other, a double-edged/two-edged sword, work both ways, the rights and wrongs of something, cut both ways
Using the thesaurus
Share this entry
SYNONYMS OF THE DAY
happy© PHOTODISC
happy
feeling pleased and satisfied
Synonyms:
glad
alive
pleased
content
satisfied
contented
Browse more
TRENDING WORDS
put off
make someone not want or like something
8.4%
take up
start doing something regularly
-0.9%
take on
start to employ someone
2.5%
keen on something
interested in something and enjoying it
-3.1%
I couldn’t agree more
used for emphasizing that you agree
-10.0%
Browse more
Explanation:
What do you think this movement means to the existing DBMS vendors? How serious is the NoSQL threat? Justify your answer. What responses by existing DBMS vendors are sensible?
The impact of this movement on the existing DBMS vendors is that there's a threat since NoSQL databases solved the problems that DBMS can't solve.
From the complete information, it should be noted that NoSQL databases were created by big companies to meet the business requirements that DBMS couldn't meet.
Therefore, there'll be a threat to the existing DBMS since NoSQL databases solved the problems that DBMS can't solve. As a response, DBMS vendors can look into making their products available to the open-source community.
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researching investments online can be valuable because
Answer:
Researching investments online can be valuable because: If the information is trustworthy it can provide a recent status of the investment. Also, online research tools provide the ability to find a great number of diverse investments
Explanation:
Answer:
d) You can track stock value trends over time
Explanation:
Tad, who does not have health insurance, obtains medical treatment at Urgent Care Clinic, but does not pay for it. To collect the debt, the clinic contacts Tad’s parents. This violates
To collect the debt, the clinic contacts Tad’s parents. This violates National Insurance Act of 1911.
Why do so many Americans not have health insurance ?
In the United States, 46 million people—nearly one in five non-elderly adults and children—do not currently have health insurance, a 6 million-person rise since 2000. Recent increases in The lack of insurance has been linked to a number of variables, such as increasing medical expenditures, the reductions in governmental programs, a decline in employer-based insurance, and the economy
Understanding the causes of people's lack of insurance is necessary for creating successful methods to reduce it. insurance protection The reasons people report not having insurance generally and by important demographic groupings (identified by age, race/ethnicity, health, and family and aspects of the workplace). We also look at the evolution of those motives through time.
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What differences and similarities exist between monopolistic competitive firms and perfect competitive firms?
Answer:
In perfect competition, the product offered is standardized whereas in monopolistic competition product differentiation is there. In monopolistic competition, every firm offers products at its own price. ... Entry and Exit are comparatively easy in perfect competition than in monopolistic competition.
Explanation:
(hope this helps)
Two countries trade with each other regularly. Country A has a strong economy and buys large quantities of natural resources from country Beach
year. Country B has a weaker economy, and $1 in country A's currency is
worth about $50 in country B's currency.
Which result would be most likely if the exchange rate suddenly became $1 in
country A's money for $75 in country B's money?
A. Country A would be forced to adopt a flexible exchange rate.
B. Country B would receive more value for its exported materials.
C. Country B would be forced to adopt a fixed exchange rate.
D. Country A would receive more value for its imported materials
Answer: B
Explanation: a p e x
The result would be most likely if the exchange rate suddenly became $1 in country A's money for $75 in country B's money, are Country B would receive more value for its exported materials. Thus, the option (b) is correct.
What is trade?
Trade is a term used to describe economic activities. Trade is the term used to describe the purchasing and selling of goods and services. Trade can take many various forms, including both domestic and international trade. Trading in financial terms refers to the buying and selling of securities or other assets.
Comparing the economies of the two nations, Country A has a stronger economy than Country B. Natural resources form the basis of both countries' trade systems. The countries' respective exchange rates are $1 in country A's currency and $75 in country B's currency. The material exported to country B would be more well received.
Therefore, option (b) is correct.
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Lãi suất tiền gửi và cho vay của Việt nam hiện tại là bao nhiêu?
Answer:
?????
Explanation:
How to compute the total economic profit or loss in the given table?
Getting the sums of the Total revenues (TR) and subtracting the Total Cost (TC) from it will allow to derive the total economic profit or loss in the given table.
What is an economic profit?This refers to the difference between the company's total revenue and the sum of its explicit and implicit costs.
In this case, the total economic profit or loss in the given table will be derived by adding the sums of the Total revenues (TR) and subtract the Total Cost (TC) from it.
Therefore, the economic profit or loss will be determined.
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The University of Health Services is predicting the treatment of the COVID -19 Virus
patients. Several new Drugs have been developed and are undergoing trial. Still there is a
question of discovering which drug is better to treat the virus effectively.
Given the above scenario, develop a research design which would help to find the best drug.
Answer:
A possible research design to find the best drug for treating COVID-19 patients could include the following steps:
Selection of a diverse group of patients who have been diagnosed with COVID-19 and meet the inclusion criteria for the study.Randomization of patients into different treatment groups, with each group receiving a different drug or combination of drugs.Administration of the drugs according to a pre-determined dosing regimen, and monitoring of the patients' symptoms and vital signs on a regular basis.Collection of data on the effectiveness of the drugs, including measures such as time to recovery, hospitalization rate, and mortality rate.Analysis of the data using statistical methods to compare the effectiveness of the different drugs and determine which one is most effective.Use of a placebo group or a standard of care group as controlEnsuring that the study is conducted in a double-blind manner, meaning that neither the patients nor the researchers know which group each patient is in, to reduce bias.Ensure that the study is conducted with the ethical standards in mind and with the necessary approvalsPublishing the results in a peer-reviewed journal for further evaluation and replication.Explanation:
John Regan, an employee at Home Depot, made deposits of $800 at the end of each year for 4 years. Interest is 4% compounded annually. What is the value of John’s annuity at the end of 4 years? (Use Table 13.1.) (Do not round intermediate calculations. Round your answer to the nearest cent.)
John Regan, an employee at Home Depot, made deposits of $800 at the end of each year for 4 years. The value of John’s annuity at the end of 4 years is; John's annuity $3,397.20. This is further explained below.
What is an annuity?Generally, An annuity is a kind of financial instrument that provides its owner with a predetermined and ongoing stream of payments. This type of product is often purchased by retirees in order to supplement their income during their golden years.
In conclusion, During his four years as an employee at Home Depot, John Regan deposited a total of $8,000 at the conclusion of each calendar year. At the conclusion of four years, John's annuity will be worth $3,397.20, which is the value of John's annuity.
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Make a list of the skills that would be important for someone pursuing a career in each cluster in your unit. Then compare to see if any of these skills show up in more than one career cluster. Which skill do you think is the most important for each? Explain your reason.
Answer:
The career clusters in this unit are Architecture & Construction, Manufacturing, and Transportation & Logistics. The skills for Architecture and construction that would be helpful are creativity, teamwork, leadership, and communication skills. Skills helpful for Manufacturing are Coding, Programming, Teamwork, and digital flexibility, as well as digital fluency. Skills helpful for Transportation and Logistics are Numerical and Analytical Skills, Adaptability, and Foward Thinking. The most important skill for Architecture and Construction is communication skills, This is because when your working on a project you need to display your ideas and actions to the team to stay in sync so nothing gets out of hand or unorganized, especially if you're a manager. The most important skill for Manufacturing is digital flexibility, this is because things are changing every day, especially in technology, so you need to be flexible with the changes so not only you but your work can adapt to new changes. For transportation and logistics, the most important skill is teamwork, mostly because in all jobs in this cluster you will be assigned a team, and you really need to have this skill, so you can work well with others solve problems and make new things. Notice how almost every cluster requires teamwork?
Explanation:
I hope this helps, and if this question is in edmentum in career exploration, thats what im takeing too, hope that makes you feel more comfortable with this answer.
To identify the important skills for each career cluster, it would be helpful to review the specific clusters mentioned in your unit.
1. Identify career clusters: Determine the different career clusters mentioned in your unit. For example, they could include healthcare, business, technology, education, or creative arts.
2. List skills for each cluster: Consider the skills that are important for success in each career cluster. These skills could include technical skills, problem-solving abilities, communication skills, creativity, leadership, organization, or teamwork.
3. Compare skills across clusters: Look for skills that appear in more than one career cluster. For example, communication skills might be important in both business and education. Technical skills might be relevant in both technology and healthcare.
4. Determine the most important skill for each cluster: Assess the skills you have identified and consider which one is most crucial for success in each career cluster. For example, in the business cluster, strong leadership skills might be the most important, while in the healthcare cluster, technical expertise or empathy might be prioritized.
It's important to note that the specific skills and their importance may vary depending on the individual careers within each cluster. To determine the most important skill for each career cluster, you should consider the specific demands and requirements of each profession.
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Match each statement with the change it describes.
You are currently in a sorting module. Turn off browse mode or quick nav, Tab to items, Space or Enter to pick up, Tab to move, Space or Enter to drop.
Change in quantity supplied
Change in supply
Change in quantity demanded
Change in demand
Answer Bank
The matches of statement with its changes are movement along the demand curve due to a change in the price of the product- Change in quantity demanded. entire demand curve caused by a change in any factor affecting demand other than price. - Change in demand. shift in the entire supply curve caused by a change in any factor affecting supply other than price. - Change in supply. So, the match are a) - 3), b) - 1) and c) - 2).
A movement along the demand curve due to a change in the price of the product, while all other factors affecting demand remain constant, describes a change in the quantity demanded.
An entire demand curve caused by a change in any factor affecting demand other than price is referred to as a change in demand. Finally, a shift in the entire supply curve caused by a change in any factor affecting supply other than price is known as a change in supply.
These three concepts are fundamental in understanding market dynamics and are commonly used in economics. So, the match are a) - 3), b) - 1) and c) - 2).
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--The given question is incomplete, the complete question is given
" Match each statement in column A with the change it describes in column B
Column A
a) movement along the demand curve due to a change in the price of the product.
b) entire demand curve caused by a change in any factor affecting demand other than price.
c) shift in the entire supply curve caused by a change in any factor affecting supply other than price.
column B
1) Change in demand
2) Change in supply
3) Change in quantity demanded"--
Producing goods and services and paying taxes are two ways that businesses:
Producing goods and services and paying taxes are two ways that business: benefit society.
What is taxation?Taxation can be defined as the involuntary fees that are levied on individuals or business firms by the government of a particular country, so as to generate revenues that can be used to fund public projects, institutions and activities.
The types of tax.In Economics, there are different types of tax levied on individuals or business firms by the government, and these include the following:
Sales taxProperty taxIncome taxIn this context, we can infer and logically deduce that the two ways through which business firms benefit society are by producing goods and services and paying taxes to the government.
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1. How do customers judge the quality of a supermarket? 2. Indicate how and why each of these factors is important to the successful operation of a supermarket: a. Customer satisfaction b. Forecasting c. Capacity planning d. Location e. Inventory management f. Layout of the store g. Scheduling 3. What are some of the ways Wegmans uses technology to gain an edge over its competition?
Answer:
1. How do customers judge the quality of a supermarket?
They judge the quality of a supermarket depending on their values and most urgent needs.
Customers who value quality, and even luxury, will say that a good supermarket is one that offers high quality products.
Customers who value price, will prefer a low-cost supermarket.
2. Indicate how and why each of these factors is important to the successful operation of a supermarket:
a. Customer satisfaction - a very important factor because it determines how well the supermarket is serving its customers.
b. Forecasting - the supermarket needs to forecast all sorts of things, from, sales forecasts, to profit forescasts, to costs forecasts.
c. Capacity planning - the supermarket needs to know what it is actually able to do, and what projects it can embark on, for this, it needs to do a lot of capacity planning.
d. Location - Location is extremely important for a supermarket. It determines a large part of the customer demand because customers prefer supermarkets to be close to where they live.
e. Inventory management - Supermarkets need to manage inventories carefully, specially because a lot of the goods that a supermarket sells, are perishables.
f. Layout of the store - The Supermakert needs to be careful when determining the layout of the store. Customers want a layout that is easy to navigate, and where goods are placed according to a coherent classification.
g. Scheduling - The supermarket needs to establish a convenient schedule for its customer base.
What are some of the ways Wegmans uses technology to gain an edge over its competition?
Wegmans is characterized for its early adoption of ground-breaking technologies. For example, recently Wegmans developed a mobile application to assist blind shoppers.
Write different defination of Business?
Answer:
Business is the activity of making one's living or making money by producing or buying and selling products (such as goods and services). Simply put, it is "any activity or enterprise entered into for profit. It does not mean it is a company, a corporation, partnership, or have any such formal organization, but it can range from a street peddler to General Motors."
Explanation:
I looked in wiki
Answer:
A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities. ... The term "business" also refers to the organized efforts and activities of individuals to produce and sell goods and services for profit.
Explanation:
a. The August 31 balance shown on the bank statement is $9,799.
b. There is a deposit in transit of $1,247 at August 31.
c. Outstanding checks at August 31 totaled $1,870.
d. Interest credited to the account during August but not recorded on the company's books amounted to $115.
e. A bank charge of $37 for checks was made to the account during August. Although the company was expecting a charge, the amount was not known until the bank statement arrived.
f. In the process of reviewing the canceled checks, it was determined that a check issued to a supplier in payment of accounts payable of $625 had been recorded as a disbursement of $367.
g. The August 31 balance in the general ledger Cash account, before reconciliation, is $9,356.
Required:
Prepare the adjusting journal entry that should be prepared to reflect the reconciling items.
Answer:
Part a.
No entry
Part b.
Debit : Deposits in Transit $1,247
Credit : Bank Reconciliation Statement $1,247
Increase the Bank Statement Balance
Part c.
Debit : Bank Reconciliation Statement $1,247
Credit : Out Standing Checks $1,870
Decrease the Bank Statement Balance
Part d.
Debit : Cash $115
Credit : Interest received $115
Interest credited in Bank Statement not recorded
Part e.
Debit : Bank Charges $37
Credit : Cash $37
Recording of Bank Charges in the Books
Part f.
Debit : Accounts Payable $258
Credit : Cash $258
Payment to Supplier understated by $258
Part d.
No entry
Explanation:
Corrections and Adjustments may be either to correct the Cash Book or the Bank Statement Balance as above.
4. When you were having a leisure time walk along one of the streets of Addis, you came across an adult person helping an elderly customer of a bank to withdraw money from the ATM. In principle ATM is a self-service Technology (SST) where customer will be served without any assistance. Nevertheless the incident you have seen practically upset the rationale of SST. Based on the case explained, which specific characteristics of information systems can be identified?
Based on the case explained, the specific characteristics of information systems that can be identified are:
1. Automation: The incident challenges the principle of automation in self-service technology (SST) systems like ATMs. ATMs are designed to be automated, allowing customers to perform transactions without the need for human assistance. However, the presence of an adult assisting an elderly customer indicates a departure from the expected automation.
2. Self-Service: ATMs are intended for self-service, where customers can independently carry out transactions such as withdrawing money. The incident highlights a deviation from this characteristic as the elderly customer required external help from the adult.
3. User Interface: The incident raises questions about the user interface of the ATM. The user interface should ideally be intuitive and user-friendly, enabling customers of all ages to navigate and complete transactions independently. The fact that the elderly customer needed assistance suggests possible challenges with the user interface design or the customer's familiarity with using the ATM.
4. Accessibility: Information systems should strive to be accessible to all users, regardless of age or physical abilities. The incident highlights the importance of ensuring that information systems, including ATMs, are designed to accommodate the needs of elderly or less tech-savvy individuals who may require assistance.
5. User Experience: The incident suggests that the user experience of the ATM may not have met the expectations of the elderly customer, resulting in the need for external assistance. This highlights the importance of designing information systems that provide a positive and satisfactory user experience to all users.
Overall, the incident challenges the expected characteristics of automation, self-service, user interface, accessibility, and user experience in the context of information systems, specifically in relation to ATMs.
11. A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:
selling price $140
units in beginning inventory 0
units produced 1,200
units sold 800
units in ending inventory 400
Direct materials $25
Direct labor $41
Variable manufacturing overhead $6
Variable selling and administration $6
Fixed manufacturing overhead 24,000
fixed selling administration $12,000
What is the net operating income for the month under variable costing?
A. $21,600
B. $(15,200)
C. $8,000
D. $13,600
Answer:
I THINK ITS B
Explanation:
1. If the two totals of a trial balance are equal, does it mean that there are no errors in the accounting records? Explain
2. Assume that when a purchase of supplies of $2,650 for cash was recorded, both the debit and the credit were journalized and posted as $2,560. (a) Would this error cause the trial balance to be out of balance? (b) Would the trial balance be out of balance if the $2,650 entry had been journalized correctly but the credit to Cash had been posted as $2,560?
1. If the two totals of a trial balance are equal, it does not mean that the accounting records are free of errors.
2a) The error of commission cannot cause the trial balance to be out of balance.
2b) If the $2,650 entry had been journalized correctly but the credit to the Cash had been posted as $2,560, the trial balance would not balance because another account was debited with $2,650.
What are the errors that do not affect the trial balance?The errors that do not affect the trial balance or cause it to be out of balance include:
Errors of principleErrors of original entryErrors of omissionErrors of commissionCompensating errors.A trial balance will be out of balance if an error is made on one side of the ledger.
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try to solve this problem without a calculator to help fine tune your financial skills. assume you have an visa card which pays a 2% cash rebate on all purchases, and a mastercard which pays a 1% cash rebate on all purchases. gas stations a and b both show a price of $4.00 per gallon, but station a does not accept visa cards while station b does. how much more expensive is the gas at station a assuming you use your mastercard card instead of the visa card
$20 more expensive is gas at station assuming you use your Mastercard card instead of visa card.
What is Mastercard?Mastercard has the second-largest worldwide payments network, behind Visa. Discover and American Express are two more crucial payment systems. The firm partners with financial institutions from all around the world to provide network payment cards using the Mastercard logo. Payment transactions, which typically involve the Mastercard account holder, a merchant, and their respective financial institutions, are handled by Mastercard using its own worldwide payments network, also referred to as its core network. As a financial services provider, Mastercard largely makes money via gross dollar volume fees. Mastercard cards with an open loop are those that are issued by member banks and bear the Mastercard logo. As a result, the card is used anywhere that the Mastercard emblem is recognised.
Cost= $4*5= $20
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On February 5, the directors declare a 2% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock’s market value is $31 per share on February 5 before the stock dividend. 1. Prepare entries to record both the dividend declaration and its distribution.
Answer:
Feb 5
Dr Stock dividend 35,340
Cr Common Stock dividend distributable 22,800
Cr Paid in capital in excess of par value-Common Stock 12,540
Feb 28
Dr Common Stock dividend distributable 22,800
Cr Common Stock 22,800
Explanation:
TVX Company Journal entry
Feb 5
Dr Stock dividend
(57000*2%*31)
Cr Common Stock dividend distributable 22,800
Cr Paid in capital in excess par value of Common Stock 12,540
(35,340-22,800)
Feb 28
Dr Common Stock dividend distributable 22,800
Cr Common Stock 22,800
Feb. 5
Shares to be issued: 57,000 shares ×2%
= 1,140
Common Stock Dividend Distributable
1,140shares ×$20 per share
=22,800
Based on the information given, the journal entry to depict the information will be:
February 5
Debit Stock dividend 35,340
Credit Common Stock dividend distributable 22,800
Credit Paid in capital in excess of par value-Common Stock 12,540
February 28
Debit Common Stock dividend distributable 22,800
Credit Common Stock 22,800
It should be noted that the stock dividend was calculated as:
= 57000 × 2% × 31
= 35340
Therefore, the credit Paid in capital in excess of par value- common Stock will be:
= 35340 -22,800 = 12,540
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Job order costing can be applied or used at the same time with
a. actual costing system
b. normal costing system
c. both a and b
d. none of the above