On March 1, Year 1, Gilmore Incorporated declared a cash dividend on its 1,500 outstanding shares of $50 par value, 6% preferred stock. The dividend will be paid on May 1, Year 1 to the stockholders of record as of April 1, Year 1.Which of the following reflects the financial statement effects on the May 1, Year 1 date of payment? Assets=Liab.+EquityRev.?Exp.=Net Inc.Cash flowA.NA=4,500+(4,500)NA?NA=NA(4,500) FAB.(4,500)=(4,500)+NANA?NA=NA(4,500) FAC.(9,000)=(9,000)+NANA?NA=NA(9,000) IAD.NA=NA+NANA?NA=NANA
A. Choice A
B. Choice B
C. Choice C
D. Choice D
Answer: B
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A. hierarchy B. structure C. workflow D. recruiter
Answer the following statements true (T) or false (F)
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a. income from continuing operations b. income, gains, and losses from discontinued operations c. extraordinary gains and losses d. retained earnings e. paid-in-capital
Section 2A-2011. of the Uniform Commercial Code (UCC) states which of the following?
A) All lease contracts must be in writing. B) Lease contracts involving payments of $1,000 or more must be in writing. C) All sales contracts must be in writing. D) Sales contracts involving payments of $500 or more must be in writing.