Question
On May 1, 2018, Love Corp. declared a $50,000 cash Dividend to be paid May 31 to share holders of record on May 15. Record
On May 1, 2018, Love Corp. declared a $50,000 cash Dividend to be paid May 31 to share holders of record on May 15.
Record the events on May 1 and May 31 in a horizontal statements model like the following one. In the cash flow column, indicate whether the item is an OA, IA ,or FA.
Assets = Liab. + Com. Stock + Ret. Earn | Rev - Exp. = Net Inc. | Cash Flow
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Theory Practice And Techniques In Bookkeeping Accounting And Auditing
Authors: N/A,
1st Edition
1680947761, 978-1680947762
