Answered step by step
Verified Expert Solution
Question
1 Approved Answer
in 2022 hill production in made a total distribution of 10K this amount was paid to the four shareholders in accordance with their ownership percentages
in 2022 hill production in made a total distribution of 10K this amount was paid to the four shareholders in accordance with their ownership percentages if the corporation had not made this distribution the end of the year cash account would be higher which of the following end of year items on the balance sheet would also be higher
notes payable short term
notes payable long term
retained earnings
additional paid in capital
Step 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