Why are dividends not an expense in the income statement? Please do not publish it to...
Why are dividends not an expense in the income statement?
Please do not publish it to the public only after a month
Homework Answers
Ans: Dividends are not an expense in the income statement because dividend is neither expense or loss
also corporation which pays dividend is a distribution of previously earned net income
since dividend is a part of statement of earning or retained earnings therefore it is not reflected in income statement a
. also cash dividends are part of corporate earnings that are being paid to stockholders, therefore dividends are not expense and not reflected in an income statement
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Why are dividends not an expense in the income statement?
Please do not publish it to...
Could someone please help me do the income statement and the statement of stockholders' equity. 0...
Could someone please help me do the income statement and the
statement of stockholders' equity.
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Calculator Net Income and Dividends The income statement for the month of February indicates a net...
Calculator Net Income and Dividends The income statement for the month of February indicates a net income of $17,500. During the same period, $25,500 in cash dividends were paid. Would it be correct to say that the business incurred a net loss of $8,000 during the month?
Salsa Inc Income Statement For the month ended August 31,20X1 Service revenue Expenses Salaries expense Rent...
Salsa Inc Income Statement For the month ended August 31,20X1 Service revenue Expenses Salaries expense Rent expense Interest expense Utilities expense Other expense $ 50,000 10,000 5,000 4,000 8,000 Total expenses Net Income $_200,000 Salsa Inc. Statement of Stockholders' Equity For the month ended August 31,20X1 Common Stock $ 20,000 8,000 Retained Earnings $ 19,000 Total Stockholders' Equity Beginning balances - Aug 1 Add: New stock issuances Add: Net income Less: Dividends $ 39,000 8,000 200,000 200,000 Ending balances -...
Explain why the income statement can also be called a "profit-and-loss statement." What exactly does the wo...
Explain why the income statement can also be called a "profit-and-loss statement." What exactly does the word balance mean in the title of the balance sheet? Why do we balance the two halves? Explain why the income statement can also be called a "profit-and-loss statement." (Select from the drop-down menus.) t h at the top and ends with In reviewing the income statement of a profitable company, one can see that it begins with at the bottom. Had there been...
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Retained earnings, January 1, 2022 $53,760 Advertising expense $2,020 Dividends during 2022 5,600 Rent expense 11,650...
Retained earnings, January 1, 2022 $53,760 Advertising expense $2,020 Dividends during 2022 5,600 Rent expense 11,650 Service revenue 70,000 Utilities expense 3,470 Salaries and wages expense 31,360 Other comprehensive income (net of tax) 450 After analyzing the data, compute net income. Net income / (loss) $ e Textbook and Media Prepare a comprehensive income statement for the year ending December 31, 2022. Oriole Company Comprehensive Income Statement For the Year Ended December 31, 2022 4 Expenses
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Previous year Balance sheet
Previous
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AutoSave Problem1_Student File_F20V2.xlsx - Read-Only - Excel OB 2 Data View Team Review Help Formulas File Home Insert Page Layout - General - 11 - A A 2 Wrap Text Calibri Xcut Copy 3 Format Painter a.A BIU $ - % Merge & Center IM Num! Font Alignment Clipboard D22 1 Sales for 2019 2 Cost of goods sold as percent of sales...
Which statement is incorrect? O Dividends are shown on the income statement. The Dividends account has...
Which statement is incorrect? O Dividends are shown on the income statement. The Dividends account has a normal debit balance. O Dividends represent a distribution by a corporation to its stockholders. Dividends reduce stockholders' equity, thus the Dividends account increases on the left side.
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nse Common Stock Cash Dividends Service Revenue Land Miscellaneous Expense Supplies Supplies Expense Wages Expense Points: Feedback Check My Work Explanation none X Financial Statements A business will construct its financial statements in a particular order because they are interrelated. This means that items formulated in an earlier statement feed into the subsequent statements, and changes to items on one financial statement can have compounding effects on the overall financial position of a company. Which of the following is one...
Could someone please help me do the income statement and the
statement of stockholders' equity.
0 Adjusted Trial Balance December 31st, 2019 Debit Credit cash 245700 119113 Notes receivable 15000 Accounts receivable 21000 7500 Supplies 0 1800 Buildings 62000 Prepaid insurance 5500 Insurance expense 500 Inventory 23040 17280 Accumulated depreciation 200 accounts payable 14400 17600 Interest payable 75 Common stock 0 96000 Vehicle 21000 21000 Income tax expense 3700 Warranty liability 0 450 Salaries payable 1200 Notes payable 1 1375...
Calculator Net Income and Dividends The income statement for the month of February indicates a net income of $17,500. During the same period, $25,500 in cash dividends were paid. Would it be correct to say that the business incurred a net loss of $8,000 during the month?
Salsa Inc Income Statement For the month ended August 31,20X1 Service revenue Expenses Salaries expense Rent expense Interest expense Utilities expense Other expense $ 50,000 10,000 5,000 4,000 8,000 Total expenses Net Income $_200,000 Salsa Inc. Statement of Stockholders' Equity For the month ended August 31,20X1 Common Stock $ 20,000 8,000 Retained Earnings $ 19,000 Total Stockholders' Equity Beginning balances - Aug 1 Add: New stock issuances Add: Net income Less: Dividends $ 39,000 8,000 200,000 200,000 Ending balances -...
Explain why the income statement can also be called a "profit-and-loss statement." What exactly does the word balance mean in the title of the balance sheet? Why do we balance the two halves? Explain why the income statement can also be called a "profit-and-loss statement." (Select from the drop-down menus.) t h at the top and ends with In reviewing the income statement of a profitable company, one can see that it begins with at the bottom. Had there been...
Salaries Expense, Automobile Expense, Supplies Expense, Miscellaneous Expense. Explanation plies, Accounts Payable, Common Stock, Dividends, Sales Commissions, Rent Expense, Office 2. Prepare T accounts, using the account titles in (1). Post the journal entries to the accounts, placing the appropriate letter to the left of each amount to identify the transaction Determine the account balances after all posting is complete. Accounts containing only a sine PR 2-2A Journal entries and trial balance Obj. 1, 2, 3, 4 56,770 On October...
Retained earnings, January 1, 2022 $53,760 Advertising expense $2,020 Dividends during 2022 5,600 Rent expense 11,650 Service revenue 70,000 Utilities expense 3,470 Salaries and wages expense 31,360 Other comprehensive income (net of tax) 450 After analyzing the data, compute net income. Net income / (loss) $ e Textbook and Media Prepare a comprehensive income statement for the year ending December 31, 2022. Oriole Company Comprehensive Income Statement For the Year Ended December 31, 2022 4 Expenses
Stuck on Income statement Interest Expense and Depreciation Expense
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AutoSave Problem1_Student File_F20V2.xlsx - Read-Only - Excel OB 2 Data View Team Review Help Formulas File Home Insert Page Layout - General - 11 - A A 2 Wrap Text Calibri Xcut Copy 3 Format Painter a.A BIU $ - % Merge & Center IM Num! Font Alignment Clipboard D22 1 Sales for 2019 2 Cost of goods sold as percent of sales...
Which statement is incorrect? O Dividends are shown on the income statement. The Dividends account has a normal debit balance. O Dividends represent a distribution by a corporation to its stockholders. Dividends reduce stockholders' equity, thus the Dividends account increases on the left side.
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