During March, the activities of Evergreen Landscaping included the following transactions and events, among others. Which of
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During March, the activities of Evergreen Landscaping included the following transactions and events, among others. Which of these items represented expenses in March? Explain.
a. Purchased a copying machine for $2,750 cash.
b. Paid $192 for gasoline purchases for a delivery truck during March.
c. Paid $2,280 salary to an employee for time worked during March.
d. Paid an attorney $560 for legal services rendered in January.
e. Declared and paid an $1,800 dividend to shareholders.
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
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Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078111044
16th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
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