Transaction involving the exchange of stock for land

Assignment Help Financial Accounting

Reference no: EM131265581

1. On the date of? payment:

A. debit Dividends Payable and credit Cash.

B. debit Dividends and credit Retained Earnings.

C. debit Cash and credit Dividends Payable.

D. debit Retained Earnings and credit Dividends Payable.

2. A transaction involving the exchange of stock for land would be classified as? a(n):

A. investing activity.

B. noncash investing and financing activity.

C. financing activity.

D. operating activity.

Reference no: EM131265581

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