Question and answer
At the end of the accounting cycle, net income will be closed into A. Treasury Stock. B. Paid-In Capital. C. Cash. D. Retained Earnings.
Question|Asked by sheaemi
Asked 5/4/2015 10:19:10 AM
Updated 5/5/2015 5:59:38 AM
1 Answer/Comment
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Flagged by debnjerry [5/5/2015 5:59:38 AM]
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User: At the end of the accounting cycle, net income will be closed into A. Treasury Stock. B. Paid-In Capital. C. Cash. D. Retained Earnings.

Weegy: At the end of the accounting cycle, net income will be closed into Paid-In Capital.
Expert answered|Wallet.ro|Points 29117|

Question|Asked by sheaemi
Asked 5/4/2015 10:19:10 AM
Updated 5/5/2015 5:59:38 AM
1 Answer/Comment
This conversation has been flagged as incorrect.
Flagged by debnjerry [5/5/2015 5:59:38 AM]
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At the end of the accounting cycle, net income will be closed into Retained Earnings.
Added 5/5/2015 5:59:36 AM
This answer has been confirmed as correct and helpful.
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Questions asked by sheaemi
Treasury Stock is which type of account? A. Stockholders’ equity B. Liability C. Asset D. Contra-stockholders’ equity
Question|Asked by sheaemi
Not Answered
Updated 12/27/2017 9:19:14 AM
1 Answer/Comment
Treasury Stock is a Contra-stockholders equity.
Added 12/27/2017 9:19:14 AM
This answer has been confirmed as correct and helpful.
Confirmed by yumdrea [12/27/2017 9:35:16 AM]
A bond is issued for less than its face value.
Weegy: A bond is issued for less than its face value. TRUE (More)
Question|Asked by sheaemi
Expert Answered
Updated 5/5/2015 3:46:54 AM
1 Answer/Comment
A bond issued for less than its face value is a discount bond.
Added 5/5/2015 3:46:52 AM
This answer has been confirmed as correct and helpful.
A $1,000 bond quoted at 104 would sell for
Question|Asked by sheaemi
Not Answered
Updated 5/5/2015 5:49:26 AM
1 Answer/Comment
A $1,000 bond quoted at 104 would sell for 104%*1,000.
104% * 1,000 = 1.04 * 1,0000 = $1.040
Added 5/5/2015 5:49:26 AM
This answer has been confirmed as correct and helpful.
The entry to record the distribution of the stock dividend would include A. a credit to Common Stock. B. a debit to Common Stock Distributable. C. Both a and b D. None of the above
Question|Asked by sheaemi
Updated 8/1/2016 7:27:49 AM
1 Answer/Comment
The entry to record the distribution of the stock dividend would include a debit to Common Stock Distributable.
Added 8/1/2016 7:27:49 AM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [8/1/2016 8:12:38 AM]
In the dividend process, the liability Dividend Payable is recognized on the date of A. declaration. B. record. C. payment. D. stock issue.
Question|Asked by sheaemi
Not Answered
Updated 5/5/2015 6:04:03 AM
1 Answer/Comment
In the dividend process, the liability Dividend Payable is recognized on the date of declaration.
Added 5/5/2015 6:04:03 AM
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