Answered: Acme Co. paid dividends that were…

Acme Co. paid dividends that were previously declared. Record this transaction. Edit View Insert Format Tools Table 12pt v Paragraph BIUA ev T? v : MacBook Pro

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter10: Financial Statements And Reports

Section: Chapter Questions

Problem 1.4C

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Question

Acme Co. paid dividends that were previously declared.
Record this transaction.
Edit View
Insert
Format Tools Table
12pt v
Paragraph
BIUA ev T? v :
MacBook Pro

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Answer using the same format as provided dividends sheet, thanks!
sub : Accounting pls answer ASAP.Please type the answer. dnt CHATGPT. i ll upvote.
Explain why the Dividends account is closed directly to theRetained Earnings account.
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XYZ Company paid the dividends declared in (f). DATE Debit Credit X/X
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Hi I have a couple of questions. Please answer clearly and thoroughly. If you paste any images I just ask that the print is readable and not to small and faint in color.1) Does the Income Statement contain ONLY revenue and expense accounts? If not what other accounts are on the Income Statement? And please state if they are either DR or CR accounts and Real or Nominal.2) How is Dividends a liability? I thought they only appeared on the Statement of Retained Earnings.3) Also how many Dividend type accounts are there? For examples I have heard about Dividends Delivered for example.4) Please tell me if the different Dividends are CR or DR and Real or Nominal and if all of them are liabilities and what statement(s) do they appear on.
Sub :AccountingPls answer ASAP.Dnt CHATGPT.I ll upvote. Thank You
**PLEASE SHOW INCOME STATEMENT. STATEMENT OF CHANGES IN EQUITY, STATEMENT OF FINANCIAL POSITION, PLEASE **Please answer completely and correctly with explanation computation formula steps answer in text no copy paste show explanation and computation clearly for numbers provide full working for all steps with explanation answer in text form