What is the journal entry Declan's Designs recorded to recognize the declaration of dividends in 2022? Question 12 options: Dr. Dividends $73,0000 Cr. Dividends Payable $73,000 Dr. Dividends $10,0000 Cr. Dividends Payable $10,000 Dr. Dividends $13,0000 Cr. Dividends Payable $13,000 Dr. Dividends $63,0000 Cr. Dividends Payable $63,000
Q: December 31, 2013, Melissa Company showed shareholders' canny of P5,000,000. The share capital of P3...
A: Retained earnings on 31st december, 2013 = P20,00,000 Less)Depreciation = (100000) Add) Gain on sale...
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: 11. On December 1, 2021, ABC Company acquired all the assets and liabilities of XYZ Inc. issuing 100...
A: Net assets means value of entity's total assets minus total liabilities. Here Fair value of assets ...
Q: 1. What amount of revaluation surplus will be recognized on December 31, 2016? a. 5,600,000 b. 3,920...
A: As per our protocol we provide solution to the one question only but as you have asked four multiple...
Q: Pedro Corp. currently has sales of P2,000,000, and its days sales outstanding is 2 week. The financi...
A: Given data, Sales =P2,000,000 Days sales outstanding = 2 weeks New sales =50% increase Bad debts =...
Q: "As of today, Americans live on average 20 more years after retiring, which calls for well-designed ...
A:
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: The following information is extracted from a recent year's financial records of a company which mak...
A: Ratio Analysis - The ratio is the technique used by the prospective investor or an individual or str...
Q: A local Barnes and Noble paid a $79.88 net price for each hardbound atlas. The publisher of publishe...
A:
Q: 3 Your business makes cash sales of $100 000 worth of goods (plus GST of 10%) and collected cash up ...
A: GST collected from customers are in nature of current liabilities which should be settled generally ...
Q: SHOW WORKING PLEASE . NO HANDWRITING The School Book Shop sells T Shirts emblazoned with the school...
A: Economic order quantity (EOQ) is the inventory units that the company must produce or sell to avoid ...
Q: Question: Considering the year-ending adjusting journal entries for the periodic inventory system. I...
A: Formula: Cost of goods sold= opening inventory+purchases - closing inventory. Gross profit = sales -...
Q: PROBLEM: MAY 1 Mr. Tan obtained the funds to start the business by withdrawing P900,000 from his per...
A: Accounting equation refers to the equation which provide basics of bookkeeping as it allows to recor...
Q: Jane Corporation produces model toy cars. Each sells for $25.75. Its variable cost per unit is $12.4...
A: The Break-even point indicates that total units are to be sold by the business entity to recover its...
Q: The substance of annual report are a) the management analysis b ) the charts and tables C ) the au...
A: Annual reports represent the financial statement of the company that has been audited by the auditor...
Q: Statement of Earnings, Statement of Retained Earnings, and Statement of Financial Position McDonald...
A: An income statements statement that shows the income and expenses of a company. It also indicates th...
Q: PROBLEM: MAY 1 Mr. Tan obtained the funds to start the business by withdrawing P900,000 from his per...
A: The balance sheet is one of the important financial statement of the business which represents the f...
Q: The transactions of Belle Company's appear below. 1. D. Belle created a new business and invested $6...
A: Cash Reference Number Amount Amount Reference Number 1 $ 6,400 $ 5,300 2 5 ...
Q: Required information Use the following information for the Exercises below. (Algo) 1 [The following ...
A: >Process costing includes calculation of Equivalent units and cost per equivalent units. >...
Q: The balance sheets of HiROE Inc. showed the following at December 31, 2020 and 2019: December 31,...
A: Depreciation is a method of allocating the expense of a tangible or physical asset over its estimate...
Q: le. The bank uses 365 days per year in computing for discounts. On August 30, 2017
A:
Q: Matoika Manufacturing's sales department has submitted the following sales budget for the upcoming f...
A:
Q: On January 1, 2021, ABC Co. acquired all of the identifiable assets and assumed all of the liabiliti...
A: Goodwill or gain on bargain purchase is a gap between the consideration paid and net identifiable as...
Q: Direct Material Cost per Unit 20.00 Direct Labor Cost 3,000 Manufacturing Overhead 16,000 Selling Ex...
A: Total cost of prodcing included all manufacturing costs in the production process. Prime cost is cos...
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: 5. What is the overhead cost per unit produced? 6. What is the fixed overhead cost per unit? 7. What...
A: Total overhead cost refers to the cost or amount incurred by the company in production of its goods ...
Q: ABC and XYZ Inc had the following balance sheets on December 31, 2021: (see image below) On January ...
A: solution given Purchase price 40000 Fair value of current assets of XYZ 26000 Fair v...
Q: The following information is available from the financial statements of Hornets Corporation for the ...
A: Cash flow statement contains three parts :- Cash flow from Operating activities i.e activities rel...
Q: PROBLEM: MAY 1 Mr. Tan obtained the funds to start the business by withdrawing P900,000 from his per...
A: The accounting equation states that assets equals to sum of liabilities and shareholders equity.
Q: The following data are provided to you by the 2nd Department of Smart Company Quantity data: Beginni...
A:
Q: 21. A nonprofit hospital reported the following final ending amounts in its financial statements for...
A: Non profit organization as the name suggest is run not for profit motive but the main objective is t...
Q: TRANSACTION SUMMARY TABLE ASSETS LIABILITIES OWNER'S EQUITY Date Transaction Cash Equpment Accounts ...
A: The accounting equation states that assets equal to sum of liabilities and equity. The equity is cal...
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
Q: Where a partnership records a loss for an income year for tax purposes: (Choose the most correct opt...
A: Answer: As per Q/A guidelines, first question has been answered. Please repost remaining questions. ...
Q: If beginning inventory is understated, cost of goods sold would also be understated. True False
A: The cost of goods sold can be calculated by adding up net purchase and deducting ending inventory fr...
Q: Cash ccounts receivable quipment ccounts payable . Lawson, Capital $ 11,500 I. Lawson, Withdrawals 5...
A: Solution: Statement of owner's Equity is a statement which represents beginning and ending balances ...
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: What is the amount of service department cost allocated to P1 and P2 using the direct method
A: solution concept Direct method of service cost allocation Direct method of service c...
Q: EB8. LO 8.6Prepare the journal entry to reconcile the bank statement in Exercise 8.7.(Previous que...
A: Bank reconciliation is a statement prepared to check what are the items that has caused a difference...
Q: Required information [The following information applies to the questions displayed below.] a. Wages ...
A: A general journal is a daybook or subsidiary journal in which transactions relating to adjustment en...
Q: n 2019, Bright Inc. sold its parking lot for P2,400,000 payable on installment. The lot was previous...
A: We know that in Installment method profit is defer till the time we received actual cash from sale o...
Q: Mo Burrow owns a 25% interest in Bengal LLC. On December 31, 2021, Mo Burrow's basis in the LLC is $...
A: a) Mo Burrow's basis in the LLC is $40,000 LLC distributes $25,000 in cash parcel of land $30000 LL...
Q: Closing entries in books of blue and royal
A: ROYAL and BLUE have decided to pool their assets and form a new partnership firm. The partnership fi...
Q: Mielé Appliances estima warranty payablé of Duri 2017, Miele made sales of $100000 and expects produ...
A:
Q: Required: a) Compute prime cost, manufacturing cost and cost of goods manufactured. b) Compute cost ...
A: Prime costs is the cost of raw materials used and direct labour costs. Manufacturing costs includes ...
Q: On January 1, 2021, ABC Co. acquired all of the identifiable assets and assumed all of the liabiliti...
A: Goodwill = Consideration paid - fair value assets + fair value of liabilities.
Q: Noncurrent asset or disposal group is classified as "held for sale" when the asset is available for ...
A: Non current assets is one of the type of assets which will be held by the business for longer period...
Q: Misu Sheet, owner of the Bedspread Shop, knows his customers will pay no more than $140 for a comfor...
A: Mishu Sheet can may for a comforter the amount of selling price minus markup amount
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: 10. XYZ Co had the following accounts at the time it was acquired by ABC Inc (see image below). ABC ...
A: Cost of acquisition means total expenses incurred by entity to acquire new business or assets. cost ...
What is the
Question 12 options:
|
Dr. Dividends $73,0000 |
|
Dr. Dividends $10,0000 |
|
Dr. Dividends $13,0000 |
|
Dr. Dividends $63,0000 |
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
- React Corporation Comparative Statements of Financial Position December 31, 2025 and 2024 2025 2024 Assets Current Assets Cash & Cash Equivalent 106,789 102,375 Trade & Other Receivables 327,611 277,467 Inventory 331,863 297,654 Prepaid Expenses 101,565 114,813 Total Current Assets 870,828 792,309 Noncurrent Assets Property, Plant & Equipment Intangibles 135,754 166,481 Total Noncurrent Assets 7,500 7,500 TOTAL ASSETS 143,254 173,981 1,014,082 966,290 Liabilities and Shareholders’ Equity Current Liabilities Trade & Other Payables Unearned Revenues 238,000 208,703 Notes Payables - current 107,508 82,456 Total Current Liabilities 45,000 45,000…Requlred Informatlon RivMera Townshlp reported the following data for Its governmental activitles for the year ended June 30, 20X9: 2 of 3 Item Amount Cash and cash equivalents $1,000,000 300,000 8,500,000 1,200,000 400,000 4,800,000 Receivables Capital assets Accumulated depreciation Accounts payable 01:56:09 Long-term liabilities Additlonal Information avalable is as follows: All of the long-term debt was used to acquire capital assets. Cash of $475,000 Is restricted for debt service. Based on the preceding Informatlon, on the statement of net assets prepared at June 30, 20X9, what amount should be reported for net assets Invested In capital assets, net of related debt? Multiple Cholce $3.300,000 $2.900,000 $2,825,000 $4.200,000Current Asset Current Liabilities COGS Inventory Total Liabilities Total Assets Net Sales Operating Income Gross Profit EBIT EBT Cash Flow Operation Retained Earning Owner's Equity 2018 80,073,836 26,882,064 51,678,144 14,854,944 80,133,248 124,776,768 160,099,728 75,249,200 108,421,584 56,436,900 45,149,520 49,716,192 28,967,893 44,643,520 2017 54,919,520 13,083,840 35,379,840 9,575,808 64,875,200 100,945,824 98,157,888 32,775,808 62,778,048 24,581,856 19,665,485 26,781,248 29,361,440 36,070,624
- SME Balance Sheet 2021 2020 Assets (in millions) Cash 85.960 56.460 Receivables 89.560 80.670 Inventories 55.750 41.260 Other Current Assets 9.950 6.760 Total Current Assets 241.220 185.150 Net Property, Plant, and Equipment 78.970 68.930 Goodwill and Other Intangible Assets 103.110 104.360 Other Non-Current Assets 6.900 4.200 Total Assets 430.200 362.640 Total Liabilities and Shareholders' Equity Payables 83.240 57.48 Current Debt 2.700 2.64 Total Current Liabilities 85.940 60.120 Long-Term Debt 122.000 119.62 Other Liabilities 21.880 22.58 Total Liabilities 229.820 202.320 Common Stock 200.380 160.32 Total Equity 200.38 160.32 Total Liabilities and Equity 430.200 362.640 INCOME STATEMENT 2021 Total Revenue (M) 488.10…SME Balance Sheet 2021 2020 Assets (in millions) Cash 85.960 56.460 Receivables 89.560 80.670 Inventories 55.750 41.260 Other Current Assets 9.950 6.760 Total Current Assets 241.220 185.150 Net Property, Plant, and Equipment 78.970 68.930 Goodwill and Other Intangible Assets 103.110 104.360 Other Non-Current Assets 6.900 4.200 Total Assets 430.200 362.640 Total Liabilities and Shareholders' Equity Payables 83.240 57.48 Current Debt 2.700 2.64 Total Current Liabilities 85.940 60.120 Long-Term Debt 122.000 119.62 Other Liabilities 21.880 22.58 Total Liabilities 229.820 202.320 Common Stock 200.380 160.32 Total Equity 200.38 160.32 Total Liabilities and Equity 430.200 362.640 INCOME STATEMENT 2021 Total Revenue (M) 488.10…SME Balance Sheet 2021 2020 Assets (in millions) Cash 85.960 56.460 Receivables 89.560 80.670 Inventories 55.750 41.260 Other Current Assets 9.950 6.760 Total Current Assets 241.220 185.150 Net Property, Plant, and Equipment 78.970 68.930 Goodwill and Other Intangible Assets 103.110 104.360 Other Non-Current Assets 6.900 4.200 Total Assets 430.200 362.640 Total Liabilities and Shareholders' Equity Payables 83.240 57.48 Current Debt 2.700 2.64 Total Current Liabilities 85.940 60.120 Long-Term Debt 122.000 119.62 Other Liabilities 21.880 22.58 Total Liabilities 229.820 202.320 Common Stock 200.380 160.32 Total Equity 200.38 160.32 Total Liabilities and Equity 430.200 362.640 INCOME STATEMENT 2021 Total Revenue (M) 488.10…
- SME Balance Sheet 2021 2020 Assets (in millions) Cash 85.960 56.460 Receivables 89.560 80.670 Inventories 55.750 41.260 Other Current Assets 9.950 6.760 Total Current Assets 241.220 185.150 Net Property, Plant, and Equipment 78.970 68.930 Goodwill and Other Intangible Assets 103.110 104.360 Other Non-Current Assets 6.900 4.200 Total Assets 430.200 362.640 Total Liabilities and Shareholders' Equity Payables 83.240 57.48 Current Debt 2.700 2.64 Total Current Liabilities 85.940 60.120 Long-Term Debt 122.000 119.62 Other Liabilities 21.880 22.58 Total Liabilities 229.820 202.320 Common Stock 200.380 160.32 Total Equity 200.38 160.32 Total Liabilities and Equity 430.200 362.640 INCOME STATEMENT 2021 Total Revenue (M) 488.10…SME Balance Sheet 2021 2020 Assets (in millions) Cash 85.960 56.460 Receivables 89.560 80.670 Inventories 55.750 41.260 Other Current Assets 9.950 6.760 Total Current Assets 241.220 185.150 Net Property, Plant, and Equipment 78.970 68.930 Goodwill and Other Intangible Assets 103.110 104.360 Other Non-Current Assets 6.900 4.200 Total Assets 430.200 362.640 Total Liabilities and Shareholders' Equity Payables 83.240 57.48 Current Debt 2.700 2.64 Total Current Liabilities 85.940 60.120 Long-Term Debt 122.000 119.62 Other Liabilities 21.880 22.58 Total Liabilities 229.820 202.320 Common Stock 200.380 160.32 Total Equity 200.38 160.32 Total Liabilities and Equity 430.200 362.640 INCOME STATEMENT 2021 Total Revenue (M) 488.10…SME Balance Sheet 2021 2020 Assets (in millions) Cash 85.960 56.460 Receivables 89.560 80.670 Inventories 55.750 41.260 Other Current Assets 9.950 6.760 Total Current Assets 241.220 185.150 Net Property, Plant, and Equipment 78.970 68.930 Goodwill and Other Intangible Assets 103.110 104.360 Other Non-Current Assets 6.900 4.200 Total Assets 430.200 362.640 Total Liabilities and Shareholders' Equity Payables 83.240 57.48 Current Debt 2.700 2.64 Total Current Liabilities 85.940 60.120 Long-Term Debt 122.000 119.62 Other Liabilities 21.880 22.58 Total Liabilities 229.820 202.320 Common Stock 200.380 160.32 Total Equity 200.38 160.32 Total Liabilities and Equity 430.200 362.640 INCOME STATEMENT 2021 Total Revenue (M) 488.10…
- SME Balance Sheet 2021 2020 Assets (in millions) Cash 85.960 56.460 Receivables 89.560 80.670 Inventories 55.750 41.260 Other Current Assets 9.950 6.760 Total Current Assets 241.220 185.150 Net Property, Plant, and Equipment 78.970 68.930 Goodwill and Other Intangible Assets 103.110 104.360 Other Non-Current Assets 6.900 4.200 Total Assets 430.200 362.640 Total Liabilities and Shareholders' Equity Payables 83.240 57.48 Current Debt 2.700 2.64 Total Current Liabilities 85.940 60.120 Long-Term Debt 122.000 119.62 Other Liabilities 21.880 22.58 Total Liabilities 229.820 202.320 Common Stock 200.380 160.32 Total Equity 200.38 160.32 Total Liabilities and Equity 430.200 362.640 INCOME STATEMENT 2021 Total Revenue (M) 488.10…SME Balance Sheet 2021 2020 Assets (in millions) Cash 85.960 56.460 Receivables 89.560 80.670 Inventories 55.750 41.260 Other Current Assets 9.950 6.760 Total Current Assets 241.220 185.150 Net Property, Plant, and Equipment 78.970 68.930 Goodwill and Other Intangible Assets 103.110 104.360 Other Non-Current Assets 6.900 4.200 Total Assets 430.200 362.640 Total Liabilities and Shareholders' Equity Payables 83.240 57.48 Current Debt 2.700 2.64 Total Current Liabilities 85.940 60.120 Long-Term Debt 122.000 119.62 Other Liabilities 21.880 22.58 Total Liabilities 229.820 202.320 Common Stock 200.380 160.32 Total Equity 200.38 160.32 Total Liabilities and Equity 430.200 362.640 INCOME STATEMENT 2021 Total Revenue (M) 488.10…ADBRI Limited (ABC, formerly Adelaide Brighton Limited) is an integrated construction material and lime producing group of companies focused on the construction, engineering, infrastructure and resource sectors in Australia. ABC has three main operating divisions being: Cement, Lime, Concrete and Aggregates and Concrete Masonry Products. Acrow (ACF, formerly NMG Corporation Limited) operates in the Australian construction services industry, hiring formwork, falsework and scaffolding equipment and undertaking sales of formwork and scaffolding related consumables. The Formwork operation involves the supply of the temporary mould that supports concrete structures in their construction. The Scaffolding operation supplies scaffolding equipment and access solutions to builders and building contractors when working at heights. Below are extracts of ACF and ABC Limited's income statements and balance sheets for 2020. Item ACF ABC Limited Income Statement Income Statement Operating Revenue…