Purchasing supplies on account increases liabilities and decreases equity
Indicate whether the statement is true or false
False
You might also like to view...
Abel Inc. applies the low regular dividend plus extras policy when determining how much of its income will be paid out as dividends each year. Abel's policy states that the minimum dividend that will be paid each year is $1.00 per share. But, when net income is greater than $80 million, the total dividend will be increased by 40 percent of the amount that exceeds $60 million. The firm currently has 10 million shares of stock outstanding. What will be the dividend per share if Abel earns $100 million?
A. $2.60 B. $1.80 C. $1.00 D. $5.00 E. $3.00
The level of product availability, also referred to as the ________, is one of the primary measures of a supply chain's responsiveness
A) no stock out level B) reliability level C) customer service level D) logistics measure
You should invest in ________ if you need periodic income
Fill in the blank(s) with the appropriate word(s).
In the AD partnership, Allen's capital is $140,000 and Daniel's is $40,000 and they share income in a 3:1 ratio, respectively. They decide to admit David to the partnership. Each of the following questions is independent of the others.Refer to the information provided above. David directly purchases a one-fifth interest by paying Allen $34,000 and Daniel $10,000. The land account is increased before David is admitted. By what amount is the land account increased?
A. $20,000 B. $10,000 C. $40,000 D. $36,000