The company paid cash of $1,500 on its account with one of its suppliers from whom it regularly purchases inventory. the inventory purchase itself was recorded previously. which one of the following would be included in the journal entry necessary to record this payment on account?
a debit to accounts payable for $1,500
b credit to inventory for $1,500
c debit to inventory for $1,500
d debit to cash for $1,500
e credit to accounts payable for $1,500

Coop inc. owns 40% of chicken inc., both coop and chicken are corporations. chicken pays coop a dividend of $10,000 in the current year. chicken also reports financial accounting earnings of $20,000 for that year. assume coop follows the general rule of accounting for investment in chicken. what is the amount and nature of the book-tax difference to coop associated with the dividend distribution (ignoring the dividends received deduction)?

Juanita and sam attend a beach party and notice that the local beach appears to have a great deal more trash washed up on shore than it did when they were young. the water doesn't appear nearly as clear, and there seems to be less evidence of small water creatures living in the shallows. an afternoon at the local library convinces them that one major cause is the new factory nearby. after some discussion, they decide their next step should be identifying the cause of the changes identifying the problem picketing the guilty factory lobbying their elected representatives to complain about the problem talking to a local environmental group about solutions

What happens when the government finances a job creation project through taxes and borrowing?