Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I will like as soon as responded. Thank you! Question 21 JOURNAL ENTRIES: On the date of payment, what is the journal entry to record
I will like as soon as responded. Thank you!
Question 21 JOURNAL ENTRIES: On the date of payment, what is the journal entry to record the payment of a 5,000 cash dividend on common stock? a. Dr. Retained Earnings 5,000; Cr. Dividends Payable Common 5,000 b. Dr. Dividends Payable Common 5,000; Cr. Retained Earnings 5,000 c. Dr. Dividend Payable Common 5,000 Cr. Cash 5,000 d. No Entry e. None of the above Question 22 2 points Saved STATEMENT OF CASH FLOW: Company A has net income of 1,000,000, depreciation of 600,000, an increase in accounts receivable of 300,000, a decrease in inventory of 200,000 and a decrease in accounts payable of 300,000. Using the indirect method, what is the amount for net cash flow from operating activities? a. 1,900,000 b. 1,600,000 C. 1,200,000 d. 1,000,000 e. None of the aboveStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started