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Chart of Accounts > Dividends > Flashcards

Dividends Flashcards

1
Q

Fundamentals

A

Temp Acct closed to RE, RE statement, Dr

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2
Q

Comparison of Dividend Effects (on Cash, Common Stock, RE)

A

Cash Dividend: Reduces cash and RE

Stock Dividend: Increase Common Stock, Reduces Retained Earnings

Stock split: Has no dividend effects.

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Chart of Accounts (61 decks)

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