According to PAS 1, dividends declared by an entity are disclosed in the a.    Statement of changes in equity b.    Notes c.    None of these d.    c or d The first line in the Statement of changes in owner’s equity is a.    Profit or loss b.    Beginning capital c.    Additional contributions d.    Drawings

The date on which liability for dividends must be recorded. *         a. Date of payment       b. Date of record       c. Declaration date       d. Date of issuance

select the item that best completes each of the decriptions below A(n)____ is a record of increases and decreases in a spefic asset, liability, equity, revenues, or expenses items. A(n)____ is a resource owned or controlled by a company A common stock and dividendes are examples of___ accounts A(n)____ is a obilgations to transfer assets to others ___ are people and organziations that are entitlied to recieve payments from a company

Which of the following equations is correct? Multiple Choice Asset Liabilities-Shareholders' Equity Assets + Liabilities Shareholders' Equity Ending Retained Earnings Beginning Retained Earnings-Net Income Dividends Net Income Expenses-Revenues

SLO-3.2. Which of the following is NOT a type of owner's equity? ORent Income OWithdrawls OOwner's Investment OAccounts Payable

Requirement General Journal General Ledger Trial Balance Fair Value Adj Transaction Analysis Fin St Impact For each transaction, indicate the change, if any, in total assets and total equity.  If equity changes, indicate whether the change was reflected as a component of net income, or directly within the stockholders' equity portion of the balance sheet.  Remember that the change in total assets must agree with the change in total equity.   Show less             Change in Change in equity:   Total assets As a component of net income As a direct component of stockholders' equity Total change in equity Apr. 16) Purchased 4,000 shares of Smith Co. stock at $30 per share. $0 $0   $0 Jul. 7) Purchased 2,500 shares of Edmunds Co. stock at $55 per share. 0     0 Jul. 20) Purchased 1,200 shares of Delray Co. stock at $22 per share. 0     0 Aug. 15) Received an $1.00 per share cash dividend on the Smith Co. stock.       0 Aug. 28) Sold 2,400…

Which of the following is a connector account? Retained Earnings O Prepaid Rent O Common Stock O Bond Payable O Accumulated Depreciation

On which of the following dates related to the declaration and payment of dividends is a journal entry NOT made? a. date of payment. b. date of record. c. date of declaration.