subject
Business, 20.10.2020 20:01 Yoma321

Presented below is income statement and dividend information of the Nebraska Corporation for the year ended December 31, 2021. Sales revenue $ 620,000 Cost of goods sold $ 355,000 Salaries expense 90,000 Insurance expense 20,000 Dividend revenue 3,000 Depreciation expense 18,000 Miscellaneous expense 12,000 Administrative expense 35,000 Loss on sale of investments 8,000 Rent expense 10,000 Dividends 5,000 Required: Prepare the necessary closing entries at December 31, 2021.

ansver
Answers: 1

Other questions on the subject: Business

image
Business, 21.06.2019 21:20, sophiaa23
Reqwest llc agrees to sell one hundred servers to social media networks, inc. the servers, which social media networks expressly requires to have certain amounts of memory, are to be shipped “f. o.b. social media networks distribution center in tampa, fl.” when the servers arrive, social media networks rejects them and informs reqwest, claiming that the servers do not conform to social media networks’ memory requirement. a few hours later, the servers are destroyed in a fire at social media networks’ distribution center. will reqwest succeed in a suit against social media networks for the cost of the goods?
Answers: 3
image
Business, 22.06.2019 19:40, silasjob09
The martinez legal firm (mlf) recently acquired a smaller competitor, miller and associates, which specializes in issues not previously covered by mlf, such as land use and intellectual property cases. given the increase in the firm's size and complexity, it is likely that its internal transaction costs willa. decrease. b. increase. c. become external transaction costs. d. be eliminated.
Answers: 3
image
Business, 22.06.2019 20:20, jennybee12331
Precision aviation had a profit margin of 6.25%, a total assets turnover of 1.5, and an equity multiplier of 1.8. what was the firm's roe? a. 15.23%b. 16.03%c. 16.88%d. 17.72%e. 18.60%
Answers: 2
image
Business, 22.06.2019 20:50, ineedhelpireallydo
Power plants that rely on coal increase the amount of sulfur dioxide that dissolves into the air, eventually increasing the acidity of precipitation. the higher acidity of rain and snow can damage forests by making it more difficult for plants to absorb minerals from the soil. the equations below provide information about the market demand and supply of electricity. there is a constant marginal external cost of $25 per unit of electricity. d: qd= 200 – 2ps: qs=p – 10what quantity of electricity satisfies allocative efficiency in this market? a. 60b. 70c. 50d. 43.3
Answers: 2
You know the right answer?
Presented below is income statement and dividend information of the Nebraska Corporation for the yea...

Questions in other subjects:

Konu
History, 23.10.2019 19:00