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Assume a $100 cash dividend is declared; 70% of the dividend is a liquidating dividend. Indicate the change in Retained Earnings and Total Equity, respectively.
Assume a $100 cash dividend is declared; 70% of the dividend is a liquidating dividend. Indicate the change in Retained Earnings and Total Equity, respectively.
If the lease in a sale-leaseback transaction meets one of the four leasing criteria and is therefore accounted for as a capital lease, who includes the leased asset on its books and which party records interest revenue during the lease period?
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