Business, 07.04.2020 17:02, PONBallfordM89
Dogwood, Inc. earned revenues of $11,000 and incurred expenses of $7,500. The company declared and paid cash dividends of $2,000. What is the balance in the Income Summary account prior to closing net income or loss to the Retained Earnings account?
A. credit balance of $3,500
B. credit balance of $11,000
C. debit balance of $3,500
D. debit balance of $1,500
Answers: 2
Other questions on the subject: Business
Business, 22.06.2019 04:00, bangchan
Burberry is pursuing a focused differentiation strategy aimed at high-end luxury customers. however, the company is also employing a segmentation strategy to separate customers within that focus. the strategy offers items at an entry-level price point for customers who desire to be like celebrities such as sarah jessica parker as well as couture items for those richest and celebrity customers. what strategy is burberry pursuing?
Answers: 3
Business, 22.06.2019 14:10, gia2038
Carey company is borrowing $225,000 for one year at 9.5 percent from second intrastate bank. the bank requires a 15 percent compensating balance. the principal refers to funds the firm can effectively utilize (amount borrowed − compensating balance). a. what is the effective rate of interest? (use a 360-day year. input your answer as a percent rounded to 2 decimal places.) b. what would the effective rate be if carey were required to make 12 equal monthly payments to retire the loan?
Answers: 1
Do you know the correct answer?
Dogwood, Inc. earned revenues of $11,000 and incurred expenses of $7,500. The company declared and p...
Questions in other subjects:
Mathematics, 26.03.2020 21:58
History, 26.03.2020 21:58
Computers and Technology, 26.03.2020 21:58
Biology, 26.03.2020 21:58
English, 26.03.2020 21:58
Mathematics, 26.03.2020 21:58
