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What else can I help you with?
Are dividends owner's equity or asset or liability or revenues?
If your divident is the result of your own investment, it is an asset. Divident payable is a liability.
Is dividends an asset on the balance sheet?
If dividend payable then liability if dividend receivable then it is asset if dividend paid then it is not part of balance sheet.
Is dividends payable in stock a liability?
No,
Dividends Payable are they on a balance sheet?
yes
Is account payable asset or liability?
accounts payable is a liablity.
Are dividends owner's equity or asset or liability or revenues?
If your divident is the result of your own investment, it is an asset. Divident payable is a liability.
Is dividends an asset on the balance sheet?
If dividend payable then liability if dividend receivable then it is asset if dividend paid then it is not part of balance sheet.
What is the formula for equity method?
dEBIT COST AS AN ASSET DEBIT EARNINGS IN ASSET CREDIT DIVIDENDS RECD IN ASSET dEBIT COST AS AN ASSET DEBIT EARNINGS IN ASSET CREDIT DIVIDENDS RECD IN ASSET dEBIT COST AS AN ASSET DEBIT EARNINGS IN ASSET CREDIT DIVIDENDS RECD IN ASSET
Is dividends payable in stock a liability?
No,
Dividends Payable are they on a balance sheet?
yes
Is notes payable an asset?
no
Is bill payable an asset?
no
Is account payable asset or liability?
accounts payable is a liablity.
What accounts do you adjust in a T account when dividend is paid?
When a dividend is paid, the T-accounts that are adjusted are the Dividends Payable account and the Cash account. Dividends Payable, a liability account, is debited to decrease it, reflecting the payment of the dividend. At the same time, the Cash account, an asset account, is credited to reduce the cash balance, as cash is being paid out to shareholders.
Is mortgage payable an asset?
A mortgage is an asset to the mortgagee (lender).
Is a declaration of dividends reported on a statement of cash flows?
The answer is no since there is no actual cash outflow at declaration date. Journal Entry at Declaration Date: Dr. Dividends/Retained Earnings xxx Cr. Dividends Payable xxx If you will prepare the cash flow statement using the indirect method, try to imagine the "Dividends" account as if an expense/nominal account. Start first with the net income, assuming only dividends is your transaction during the month... Net Loss (Dividends) (XXX) Increase in liability (dividends payable) XXX The impact is zero 0 *Rule is increase in asset (-), increase in liability (+) for the indirect method of cash flow statement.
Which of Notes Payable Cash Interest Expense and Dividends are decreased with a debit?
Notes Payable - I hope that wasn't for an exam.
