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.
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.
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