Classify the following items as issuance of stock (I), dividends (D), revenues Evaluate effects of (R), or
Question:
Classify the following items as issuance of stock (I), dividends (D), revenues Evaluate effects of
(R), or expenses (E). Then indicate whether each item increases or decreases stockholders’ ‘ransactions on equity. stockholders’ equity.
1. Dividends 3. Advertising expense (LO 6)
2. Rent revenue 4. Stockholders invest cash in the business
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Related Book For
Financial Accounting
ISBN: 9780470929384
8th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, J. Mather
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