subject
Business, 27.05.2020 19:58 talanna394

During 2016, Nike Inc., reported net income of $3,760 million. The company declared dividends of $1,022 million. The closing entry for dividends would include which of the following? Group of answer choices Debit Net income for $1,022 million Debit Dividends for $1,022 million Credit Dividends for $1,022 million Credit Cash for $1,022 million Credit Retained earnings for $1,022 million

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 20:30
In the rbv are defined as the tangible and intangible assets that a firm controls that it can use to conceive and implement its strategies.answers: management policies
Answers: 1
question
Business, 22.06.2019 01:30
What is an example of a good stock to buy during economic expansion? a) cyclical stock b) defensive stock c) income stock d) bond
Answers: 3
question
Business, 22.06.2019 10:20
What two things do you consider when evaluating the time value of money
Answers: 1
question
Business, 22.06.2019 11:40
On coral island in 2012, the labor force is 12,000, the unemployment rate is 10 percent, and the labor force participation rate is 60 percent. during 2013, 200 unemployed people found jobs and the working-age population increased by 1,000. the total number of people in the labor force did not change. the working-age population at the end of 2013 was the unemployment rate at the end of 2013 was round up to the second decimal. the labor force participation rate at the end of 2013 was round up to the second decimal.
Answers: 1
You know the right answer?
During 2016, Nike Inc., reported net income of $3,760 million. The company declared dividends of $1,...
Questions