New orleans chemicals company follows the indirect method to prepare its statement of cash flows. refer to the following portion of the comparative balance sheet: new orleans chemicals company comparative balance sheet december 31, 2018 and 2017 2018 2017 increase/(decrease) common stock $33,000 $2,200 $30,800 retained earnings 155,000 89,000 66,000 treasury stock (8,100) (5,200) (2,900) total equity $179,900 $86,000 $93,900 net income for 2018 was $91,000. based on the above information, determine the amount of dividends declared during 2018.

The dividend amount is $25,000

Explanation:

The amount of dividend which is declared during 2018 is computed as:

Dividend = Net Income + Retained Earnings of 2017 - Retained Earnings of 2018

where

Net Income is $91,000

Retained Earnings of 2017 is $89,000

Retained Earnings of 2018 is $155,000

Putting the values in the above:

= $91,000 + $89,000 - $155,000

= $180,000 - $155,000

= $25,000

the correct answer is:

it required the president to inform congress within forty-eight hours of any new troop commitment.

the war powers resolution (1973) is a federal law designed to limit the u.s. president’s ability to initiate or intensify military actions abroad without the approval of the congress.

it establishes that the president can send armed forces into action abroad only by declaration of war by congress, statutory authorization, or in case of a national emergency created by attack upon the united states, its territories or possessions, or its armed forces.

it requires the president to notify congress within 48 hours of sending armed forces to military action.

answer; read and consider the content of the items;