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What is the accounting equation for paid cash dividends to owners?
Wiki User
∙ 12y ago
DR Dividends $xx.xx
CR Cash $xx.xx
Wiki User
∙ 12y ago
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What is the accounting equation for selling equipment for cash?
assets don't change, liabilities don't changed and owners equity don't change.
Accounting equation for purchase supplies for cash?
supplies cash
What are the alternative cash-flow measures used by the DCF model?
These models use three alternative cash-flow measures: dividends, accounting earnings, and free cash flows.
How do withdrawals affect the accounting equation?
Debit Withdraw account and Credit Cash
The effects on the basic accounting equation of performing services for cash are to?
Debit Cash Received Credit Income/Sales
How are cash dividends taxed?
Dividends, cash or otherwise, are taxed as ordinary income.
How does paying a liability with cash affect the accounting equation?
assets decrease; liabilities decrease
How can you justify a cash movement in Accounting?
Cash flow statements can be used by businesses to track all cash that flows in and out of their operations. They can help small business owners understand the difference between the cash flow and net income and justify cash movements in accounting.
Paid cash in dividends journal entry?
[Debit] Dividends [Credit] Cash / bank
What is an example of an asset use transaction?
RCS Paid $50,000 cash for operating expenses such as salaries, rent, and intrest. RCS Paid $4,000 cash in dividends to its owners.
What happens to the accounting equation when Issued common stock for cash?
Assets and equity go up.
Are unpaid cash dividends declared a liability of the corporation?
I'd say it's more of a capital than liability, tho depends on your accounting standards.
