Question
a) . Declaration of cash dividends increases liabilities and decreases shareholders equity. b) A correction of a prior period error would lead to restatement of
a) . Declaration of cash dividends increases liabilities and decreases shareholders equity.
b) A correction of a prior period error would lead to restatement of the opening balance of retained earnings.
please help true or false
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Financial Accounting
Authors: Pauline Weetman
6th Edition
0273789252, 978-0273789253
