On June 30, 2026 Madison Inc. receives payment in full from Wisconsin Corp. What is the appropriate journal entry for Madison Inc. when the note is re-paid? No accruals related to the note have been recorded since the preparation of the financial statements on December 31 2025. Answer should be expressed as: DR (ACCOUNT NAME)  $X,XXXCR (ACCOUNT NAME)  $X,XXX No dates or explanations are needed.

Wisconsin Corporation declared a $0.12 per share in dividends on February 15, 2025 to its common shareholders. Wisconsin Corporation had 5,000,000 authorized shares, with 2,600,000 issued, and 56,000 shares of treasury stock on February 20, 2025 (the date of record). The dividend was paid on February 28, 2025.  Which of the following statements is true with respect to the dividend payment on February 28, 2025?

Prepare the necessary journal entry for Summer Corporation on November 1, 2025.    If no journal entry is necessary, answer “no journal entry needed”. Answer should be expressed as: DR (ACCOUNT NAME)  $X,XXX CR (ACCOUNT NAME)  $X,XXX No dates or explanations are needed.

Poolside LLP decided to repurchase shares of their own stock, with cash, on December 31, 2025.  The company purchased 3,000 shares of stock with a par value of $10 per share.  The repurchase price was $15 per share.   Prepare the journal entry for Poolside to repurchase these shares of stock on December 31, 2025.   Answer should be expressed as : DR (ACCOUNT NAME)  $X,XXX CR (ACCOUNT NAME)  $X,XXX No dates or explanations are needed.

What is the main goal of the North Atlantic Treaty Organization (NATO)?

________________ is a foreign policy approach that advocates a nation’s staying out of foreign entanglements andkeeping to itself

A treaty is an international agreement entered by the United States that requires presidential negotiation with other nation(s), consent by two-thirds of the Senate, and final ratification by the president

A country that withdraws from all world affairs is following a policy of

___________________ is the establishment and maintenance of a formal relationship between countries.

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