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Hi, I have problems with the words used in some exercises( my book refers to net book value, it does not mention book value) Is
Hi, I have problems with the words used in some exercises( my book refers to net book value, it does not mention book value)
- Is net book value the same as book value?
- What is the book value formula or the net book value formula? (My book shows; net book value= cost of asset minus ( - ) accumulated depreciation
- When we have an information about paid dividends. When I do the journal entry I have to use retained earnings instead of dividends?Example:
Paid $1,000 in dividends, the journal entry should be retained earnings? or dividends? 1,000
cash 1,000
Thanks
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