User Account

All Pages

How should record in books of account

Assignment Help Financial Accounting
Reference no: EM132930232

Problem 1: The company Focus Ltda. Has announced that it will pay dividends to its shareholders at the end of this month. How should you record this in your books of account?

1-Decrease the Cash account and increase the Dividend Expense account

2-Decrease the Profits account and decrease the Dividend Expense account

3-Increase the account of Dividends Payable and increase the account of Dividend Expense

4-Increase the Cash account and increase the Dividend Expense account

Reference no: EM132930232

Questions Cloud

Calculate the revised total job cost : Last week Job # WPP 298 was charged: DM of $4,606; DL of $1,579; and, MOH of $3,960 based on machine hours. Calculate the revised total job cost
Provide an explanation for the journal entry to record : Provide an explanation for the journal entry to record the initial sale and go-forward accounting for the transaction on a month to month basis
What income does juanillo expect to earn : Juanito Manolete, acquired bonds issued by the local government of the state where he resides. What income does Juanillo expect to earn from making purchase
Directly with someone that needed behavioral change : A lot of what we are learning in this module deals directly with coaching difficult people. Did you feel prepared to coach the person through the needed change?
How should record in books of account : Has announced that it will pay dividends to its shareholders at the end of this month. How should you record this in your books of account?
How to do asks to advise on the matter : June 14 of this year. Fruni, the accounting advisor, must record this transaction and is not sure how to do it, so he asks you to advise him on the matter
Analyze the impact of plantation slavery : Analyze the impact of plantation slavery on African American slave families.
What is farmer john internal rate of return for new tractor : What is Farmer John's internal rate of return for this new tractor? Suppose Farmer John purchases a new tractor for mowing his pig pastures.
Describes bob combined portfolios : Buckys portfolio's is zero. Bob and Becky marry and combine their portfolios which of the following best describes her combined $100,000 portfolios

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd