To eliminate intercompany dividends between related parties is done with the following journal entry: a. Dr....
To eliminate intercompany dividends between related parties is done with the following journal entry:
|
a. Dr. Dividends Expense / Cr. Dividends Declared |
||
|
b. No journal entry to eliminate intercompany dividends |
||
|
c. None of these (the entry should be different from the above) |
Homework Answers
No entry is required to eliminate intercompany dividends between related parties.
Option c. is correct answer.
Add Answer to:
To eliminate intercompany dividends between related parties is
done with the following journal entry:
a. Dr....
QUESTION 2 To eliminate intercompany dividends between related parties is done with the following journal entry:...
QUESTION 2 To eliminate intercompany dividends between related parties is done with the following journal entry: a. Dr. Dividends Expense / Cr. Dividends Declared O b. No journal entry to eliminate intercompany dividends c. None of these (the entry should be different from the above)
Question 20 What is the adjusting journal entry to record the accrual of 100 of unpaid...
Question 20 What is the adjusting journal entry to record the accrual of 100 of unpaid interest on a note payable? O A Dr. Interest Expense 100 C Cash 100 5. Dr Interest Payable 100 Cr Cash 100 O C. De Interest Expense 100 Cr Interest Payable.00 OD Dr. Interest Payable 190 Cr Interest Expense 100 E None of the above Click Submit to complete this assessment
If a company made the following journal entry Dr. Rent expense (SE)................. xx Cr. Cash (A)............................
If a company made the following journal entry Dr. Rent expense (SE)................. xx Cr. Cash (A)......................... xx what type of lease do they have? A. capital lease B. finance lease C. operating lease D. sales-type lease
What does the following journal entry indicate? DR: Factory Overhead CR: Rent Expense Group of...
What does the following journal entry indicate? DR: Factory Overhead CR: Rent Expense Group of answer choices Rent expense was added to FOH Rent expense was applied to WIP Rent expense was subtracted from FOH Rent was refunded by the landlord
What is the journal entry if you receive a utility bill, and the bill will be...
What is the journal entry if you receive a utility bill, and the bill will be paid at a later date: A) No journal entry required, until payment is made. B) Dr. Utility Expense, Cr. Cash C) Dr. Utility Expense, Cr. Utility Payable D) Dr. Utility Payable, Cr. Utility Expense
Which of the following is not an adjusting entry? (a) Dr: Depreciation expense and Cr: Accumulated...
Which of the following is not an adjusting entry? (a) Dr: Depreciation expense and Cr: Accumulated depreciation. (b) Dr: Utilities expense and Cr: Utilities payable. (c) Dr: Insurance expense and Cr: Prepaid insurance. (d) Dr: Cash and Cr: Accounts receivable. (e) Dr: Interest receivable and Cr: Interest revenue.
Using the periodic method, what is the journal entry to record the purchase of 2000 of merchandise inventory on account?
Using the periodic method, what is the journal entry to record the purchase of 2000 of merchandise inventory on account?A. Dr. Purchases 2,000 Cr. Cash 2,000B. Dr. Cash 2,000 Cr. Purchases 2,000C. Dr. Purchases 2,000 Cr. AccountsD. Dr. Merchandise Inventory 2,000 Cr. Accounts Receivable 2,000E. None of the above
Question 10 For the journal entry-- Dr. Accounts Receivable 4800; Cr. Consulting Revenues 4800, what is...
Question 10 For the journal entry-- Dr. Accounts Receivable 4800; Cr. Consulting Revenues 4800, what is the correct analysis of the journal entry? A Accounts Receivable Asset Increases: Consulting Revenues, Equity-Revenue Decreases 6. Accounts Receivable Asset, Increases, Consulting Revenues, Equity Revenue Increase Accounts Receivable, Asset, Decreases Consulting Revenues, Equity-Revenue increases O D. Accounts Receivable, Asset Decreases Consulting Revenues, Equity-Expense Increases E. None of the above Moving to the next question prevents changes to this answer.
69. The following entry was made on March 12 for XYZ Company: Dr: Machinery Cr: ACCounts...
69. The following entry was made on March 12 for XYZ Company: Dr: Machinery Cr: ACCounts Payable For which of the following transactions was this entry made? Answers: a. Payment for purchase of machinery b. Sale of machinery c. Depreciation of machinery d. Purchase of machinery 70. The concept of present value ____________________. Answers: a. can be simply defined as today’s value of a stream of future cash flows b. implies that the value of receiving cash today will be...
1. Which of the following would be the adjusting journal entry to recognize earned but unpaid...
1. Which of the following would be the adjusting journal entry to recognize earned but unpaid wages for the period? a Dr. Wages Expense, Cr. Cash b Dr. Wages Payable, Cr. Cash c Dr. Wages Payable, Cr. Wages Expense d Dr. Wages Expense, Cr. Wages Payable 2. Which of the following would be the effect of a transaction to record the portion of prepaid rent that has expired in a period? a. increase Prepaid Rent, decrease Rent Expense b increase...
QUESTION 2 To eliminate intercompany dividends between related parties is done with the following journal entry: a. Dr. Dividends Expense / Cr. Dividends Declared O b. No journal entry to eliminate intercompany dividends c. None of these (the entry should be different from the above)
Question 20 What is the adjusting journal entry to record the accrual of 100 of unpaid interest on a note payable? O A Dr. Interest Expense 100 C Cash 100 5. Dr Interest Payable 100 Cr Cash 100 O C. De Interest Expense 100 Cr Interest Payable.00 OD Dr. Interest Payable 190 Cr Interest Expense 100 E None of the above Click Submit to complete this assessment
What is the journal entry if you receive a utility bill, and the bill will be paid at a later date: A) No journal entry required, until payment is made. B) Dr. Utility Expense, Cr. Cash C) Dr. Utility Expense, Cr. Utility Payable D) Dr. Utility Payable, Cr. Utility Expense
Question 10 For the journal entry-- Dr. Accounts Receivable 4800; Cr. Consulting Revenues 4800, what is the correct analysis of the journal entry? A Accounts Receivable Asset Increases: Consulting Revenues, Equity-Revenue Decreases 6. Accounts Receivable Asset, Increases, Consulting Revenues, Equity Revenue Increase Accounts Receivable, Asset, Decreases Consulting Revenues, Equity-Revenue increases O D. Accounts Receivable, Asset Decreases Consulting Revenues, Equity-Expense Increases E. None of the above Moving to the next question prevents changes to this answer.
Most questions answered within 3 hours.
-
2 Aliases
2a: Create an alias, numberfiles, which prints the number of
files in the current...
asked 6 minutes ago -
Hi so I'm currently using MIT App Inventor to create a app and I
wanted to...
asked 2 minutes ago -
Create a truth table for a 4-bit input where the output will be
a 1, if...
asked 4 minutes ago -
in a taxable acquisition, P corporation, using its own stock and
cash, purchases S corporation. The...
asked 6 minutes ago -
please don't use the p value method instead use the "5 steps of
hypothesis testing." Or...
asked 25 minutes ago -
It is said that Galileo discovered a basic principle of the
pendulum—that the period is independent...
asked 30 minutes ago -
The Cost of Equity and
Flotation Costs
Messman Manufacturing
will issue common stock to the public...
asked 37 minutes ago -
a) summarize the challenges facing New Britain today
b) identify some of its strengths
c) suggest...
asked 39 minutes ago -
**86 at 40 not 88. please show how got Tr in calculations thank
you
2) The...
asked 40 minutes ago -
McGlaun Company pays its employees every two weeks. The firm
last paid its employees on September...
asked 54 minutes ago -
You have been gifted a Mogwai as a pet and decide to do a little
online...
asked 58 minutes ago -
given the standard of 200 mg/dl and the absorbance of that
standard is 0.640. What is...
asked 1 hour ago