To what account is the dividends account closed?
Question:
To what account is the dividends account closed?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
The dividends account is closed to the retained earnings account At the end of an accounting period ...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The "Commitments and Contingencies" disclosure note from the financial statements may provide valuable information related to off-balance financing and other complex financing arrangements....
-
Cheryl Levin is the chief executive officer of Mountainbrook Trading Company. The board of directors has just granted Cheryl 2 4 , 0 0 0 at - the - money European call options on the company's stock,...
-
What type of account is the Dividends account?
-
Data visualization can help Broadway theatre analysts to understand ticket pricesExample: Recall the Service Company Insight box How Much Did You Pay for That Seat? presented in the chapter. As...
-
Given that E 5 0.52 V for the reduction Cu+(aq) + e- Cu(s), calculate E, G, and K for the following reaction at 25C: 2Cu+(aq) Cu2+(aq) + Cu(s)
-
Show how each of the following errors would affect trial balance agreement: (i) Computer repairs 184 was debited to the computer account. (ii) 918 discounts received credited to discounts allowed...
-
Losing weight A Gallup Poll found that 59% of the people in its sample said Yes when asked, Would you like to lose weight? Gallup announced: For results based on the total sample of national adults,...
-
We want to donate a marble birdbath to the city park as a memorial to our cat, Fred, while he can still enjoy it. We also want to set up a perpetual care fund to cover future expenses "forever." The...
-
Whitman Company has just completed its first year of operations. The company's absorption costing income statement for the year follows: Whitman Company Income Statement Sales (40,000 units X $40.10...
-
What are the four basic steps of the accounting cycle?
-
In accounting for depreciation on equipment, what is the name of the contra asset account?
-
Briefly define routine items and bottleneck items and contrast the appropriate purchasing strategy for the two.
-
Use the Ch08_AviaCo database shown in Figure P8.35 to work Problems 3546. Modify the MODEL table to add the attribute and insert the values shown in the following table. Table P8.35 Attribute and...
-
The Tip Calculator app does not need a Button to perform its calculations. Reimplement this app to use property listeners to perform the calculations whenever the user modifies the bill amount or...
-
A particle, carrying a positive charge of \(4 \mathrm{nC}\), located at \((5 \mathrm{~cm}, 0)\) on the \(x\)-axis experiences an attractive force of magnitude 115.2 \(\mathrm{N}\) due to an unknown...
-
A large-sized chemical company is considering investing in a project that costs `5,00,000. The estimated salvage value is zero; tax rate is 35 per cent. The company uses straight line method of...
-
From the following budgeted and actual figures, calculate and present the variances in respect of profit on sales and cost of sales. Budget: Sales, 2,000 units @ 15 each Cost of sales @ 12 each...
-
Did the California Supreme Court correctly decide the Kasky case? Why or why not?
-
Time Travel Publishing was recently organized. The company issued common stock to an attorney who provided legal services worth $25,000 to help organize the corporation. Time Travel also issued...
-
On 12-31-16, Ace entered into an agreement that required Ace to pay a supplier $700 every year on 12-31 until 2022. Assume a market rate of interest of 4% a.Assume the agreement required Ace to make...
-
how do losses differ from expenses? 1. Losses decrease net assets 2. Losses do not create tax benefits 3. Losses are not component of net income 4. Losses apply only to tangible assets
-
On January 1, 2021, Braburt Co. sold six-year, 5% bonds with a face value of $700,000. Interest is paid semi-annually on June 30 and December 31. The bonds were sold for $737,014 to yield 4%. Using...
Study smarter with the SolutionInn App