A company paid Jen Rogers, its sole stockholder, a total of $18,000 in dividends during the current year. The entry needed to close the dividends account is: Multiple Choice Debit Retained earnings and credit Dividends for $18,000. Debit Dividends and credit Retained earnings for $18,000. Debit Income Summary and credit Cash for $18,000. Debit Income Summary and credit Dividends for $18,000. Debit Dividends and credit Cash for $18,000

Consider the market for gasoline. suppose that, in a competitive market without government regulations, the equilibrium price of gasoline is $3.00 per gallon, and employees at gas stations earn $17.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect the government has instituted a legal minimum price of $3.40 per gallon for gasoline. the government prohibits gas stations from selling gasoline for more than $3.40 per gallon. due to new regulations, gas stations that would like to pay better wages in order to hire more workers are prohibited from paying more than $14.50 per hour.

Stock market crashes happen when the value of most of the stocks in the stock market increase at the same time. question 10 options: true false

The relationship requirement for qualifying relative requires the potential qualifying relative to have a family relationship with the taxpayer. t or fwhich of the following is not a from agi deduction? a. standard deductionb. itemized deductionc. personal exemptiond. none of these. all of these are from agi deductions