Autumn Services, Inc. acquired 140,000 shares of Spring Metals, Inc. on January 1, 2018. Spring declares a cash dividend of $3.00 per share on February 15, 2019 and pays the cash dividend on March 2, 2019. With the current investment, Autumn Services, Inc. holds 8% of Spring's voting stock. Which of the following will be the correct journal entry for the day when the dividend payment is made (March 2, 2019)?
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The primary outcome of developing a connector list is to make sure connectors link a marketer's story to a connector's audience
Indicate whether the statement is true or false
Which of the following accounts is not classified as a cost of goods sold account?
a. Purchases b. Merchandise Inventory c. Purchases Discounts d. Freight-In e. Purchases Returns and Allowances
What is defined as a constant lack of interest and motivation to perform one’s job?
A. Fixation B. Low motivation C. Acute stress D. Burnout E. Temperament
Erie Company reports the following comparative balance sheets and income statement information for the current year. Comparative Balance Sheets 12/31/201512/31/2016Assets Cash $90,000? $ 50,000 Accounts receivable 34,000? 18,000? Prepaid insurance 34,000? 42,000? Inventory 10,000? 26,000? Property, plant & equipment 42,000? 50,000? Total Assets $ 210,000 $186,000? Liabilities and Stockholder's Equity Accounts payable $ 50,000 $34,000? Salaries payable 18,000? 42,000? Long-term notes payable 26,000? 34,000? Common stock 22,000? 22,000? Retained earnings 94,000? 54,000? Total Liabilities and Stockholders'
Equity $ 210,000 $186,000? 2016 Income StatementRevenue$290,000? Cost of goods sold (162,000)? Gross margin 128,000? Operating expenses (82,000)? Net income$46,000? Assuming accounts payable is used for inventory purchases only, what was the amount of cash paid for inventory purchases during the year? A. $34,000 B. $194,000 C. $162,000 D. $178,000