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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
How can one find dividends in accounting?
In accounting, dividends can be found by looking at the financial statements of a company, specifically the statement of retained earnings. Dividends are typically listed as a separate line item under the equity section of the balance sheet or as a separate entry in the statement of cash flows.
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 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.
How does paying a liability with cash affect the accounting equation?
assets decrease; liabilities decrease
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.
Paid cash in dividends journal entry?
[Debit] Dividends [Credit] Cash / bank
What are the differences between cash dividends and stock dividends?
Cash dividends are payments made to shareholders in the form of cash, while stock dividends are payments made in the form of additional shares of the company's stock. Cash dividends provide immediate income to shareholders, while stock dividends increase the number of shares a shareholder holds without providing immediate cash.
