Indicate how each event affects the elements of financial statements. Use the following letters to record your answer in the box shown below each element. Use only one letter for each element. You do not need to enter amounts.Increase = IDecrease = DNo Effect = NVancouver Co. paid a $50,000 cash dividend to its shareholders on July 5, Year 1, which was 2 months after Vancouver declared the dividend.AssetsLiabilitiesEquityRevenuesExpensesNetIncomeCash Flow? ?????
What will be an ideal response?
(D) (D) (N) (N) (N) (N) (D)
Paying a dividend that was declared at an earlier date decreases assets (cash) and decreases liabilities (dividends payable). It is reported as a cash outflow from financing activities.
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Explain the Freudian system of personality as it might apply to the behavior of a consumer
What will be an ideal response?
In the final step of the creative process, the ________ carries the concept into action.
A. Opponent B. Artist C. Judge D. Warrior E. Implementer
On the statement of cash flows, the_____________section involves the purchase and sale of products and services
Fill in the blank(s) with correct word
An accountant explains how to construct a “CD ladder,” a technique that enables investors to benefit from the high interest rates of long-term certificates of deposit without losing access to their money for overly long periods of time. This is an example of which type of informative presentation?
a. exploratory b. explanatory c. descriptive d. demonstrative